Dalata Hotel Group considering maiden dividend

The Dalata Hotel Group is to consider paying a maiden dividend to shareholders based on its 2017 earnings, management said yesterday.

Speaking after the group’s AGM in Dublin, chairman John Hennessy said that the board will actively look at the possibility of a dividend on the back of next year’s profit levels, but said that no decision has been made as yet.

He said Dalata will be fully invested by the end of this year, but to pay a dividend before that would be akin to giving back raised money to investors before seeing a return.