LONDON - On the Beach Group PLC, a leading UK online travel agency, has set the timetable for its 2024 final dividend following the announcement of its year-end financial results. Shareholders are set to receive a final dividend of 2.1 pence per share, as recommended by the Board.
The key dates for the dividend are as follows: the Annual General Meeting is scheduled for Tuesday, 25 February 2025, with the ex-dividend date marked for Thursday, 30 January 2025. The record date for shareholders to be eligible for the dividend is set for Friday, 31 January 2025. The payment date for the dividend is confirmed for Tuesday, 4 March 2025.
This dividend announcement follows a period of reported growth and profitability for On the Beach, which prides itself on its innovative technology and customer-centric business model. The company has been recognized for challenging traditional tour operators and online travel agents by offering competitively priced beach holidays through its asset-light and cash-generative operations.
The information regarding the dividend timetable is based on a press release statement from On the Beach Group PLC and has been disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG). On the Beach Group PLC has been identified as one of the UK's largest retailers of online beach holidays, with a focus on expansion and disruption in the market of online beach holiday retail.
As the company continues to navigate the competitive travel industry landscape, this dividend reflects its current financial health and the Board's confidence in the ongoing cash generation and profitability of the business. Shareholders and market watchers may view this as an indicator of the company's performance and strategic direction.
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