Virgin Australia's Maiden Dividend 'a Quality Surprise'
Dow Jones
Aug 28
0143 GMT - The first dividend from Virgin Australia since its relisting in June last year sends an important signal. Virgin declared a payout of 7.60 Australian cents/share for the final six months of FY26. That partly reflects a leverage position of 0.9x, below a target of 1.0-2.0x. Analyst Jakob Cakarnis says the dividend was a quality surprise and "likely attracts more interest to the name on the implied annualized/targeted yield at [4% to 5%] current share price." It had a buy call and A$3.15/share price target on Virgin ahead of the result. Virgin is up 0.4% at $2.82.
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