Qantas Airways resumes dividends after 7 years; posts record 2016 profit

Tue, 23 Aug 2016

By Fiona Rotherham Aug. 24 (BusinessDesk) - Australia’s biggest airline, Qantas Airways, will resume paying dividends after a seven-year hiatus following a A$1.03 billion full-year net profit after tax, up 80 percent on the prior year and the best in its 95-year history. The airline has returned more than A$1 billion to shareholders in the past year through share buybacks and the board has declared it will pay more than A$500 million through a 7 cents per share dividend on Oct. 12 and a further on-market share buy-back of up to A$366 mill...

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