Heathrow to resume paying small dividend to shareholders from 2022

London Heathrow airport says it could resume paying a small dividend to shareholders from 2022, the Sunday Times reported.

Heathrow said it would not pay dividends this year or next in return for leniency from its shareholders in a submission to the Civil Aviation Authority. The airport will resume payouts of about 400 million pounds ($538 million) a year in two years’ time, down from an expected 600 million pounds, the paper said.

The CAA rejected Heathrow’s demand for a pandemic bailout, without which the airport said it would have to curb its investment and face increased borrowing costs.

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