AIR Announces Capital Return Framework
AIR announced a formal capital return framework combining a new cash dividend and share repurchases funded from equity free cash flow. The Board approved a FY2027 dividend of US$0.28 per share, paid quarterly starting with Q1 2027 results in May 2027, under a progressive dividend policy. Separately, the company intends to repurchase up to US$100 million of shares by December 2029, subject to market conditions and regulatory approvals. Management also targets net leverage at or below 2.0x by December 2027, supported by expected Adjusted EBITDA growth.
Key figures
- Dividend Per Share
- 0.28
- Buyback horizon
- by December 2029
- Leverage target
- at or below 2.0x by December 2027
- Dividend frequency
- quarterly installments of annual US$0.28 per share
- First payment timing
- commencing with Q1 2027 results reporting, expected May 2027
- Buyback authorization usd
- 100000000
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