Go-Ahead is committed to delivering shareholder value through its dividend policy.
We measure our dividend cover (adjusted earnings per share* divided by dividend per share) to assess how much of our profits we can pay out as a dividend. Our overall aim is for dividend cover to average 2x adjusted earnings per share* through the economic cycle.
We recognise that our dividend policy is a key part of the investment decision for many shareholders. Maintaining the amount of dividend per share through the economic cycle, including those times when earnings may reduce, is a high priority for us and is supported by our strong balance sheet and cash generation.
* before amortisation and exceptional items
# restated to exclude our ground handling and cargo operations