GO gives €0.16c dividend for financial year 2021

The GO Board of Directors has resolved to recommend a final dividend of €0.09 per share in addition to the interim dividend of €0.07 per share paid on 31 August 2021, bringing the total dividends distribution for financial year 2021 to €0.16 per share. The payment of this net dividend amounts to the total sum of €9.12 million.

GO had an annualised net dividend yield averaging 7% over the past 5 years.

During 2021, the group generated revenue of €193.7 million (2020: €185.2 million), an increase of €8.5 million (4.6% increase) over the comparative year. Revenue from GO’s local telecommunications segment increased by 0.7% compared to 2020. This growth was mainly impacted by the significant drop in international roaming traffic due to the travel restrictions. GO’s investments however continued to deliver additional value, in fact during 2021 GO invested €50.5 million, €7.2 million lower than the previous year. 

GO CEO Nikhil Patil commented “2021 was undoubtedly a remarkable year. The second year of a global pandemic that significantly impacted our economic and social fabric, a year where market pressures continued mounting with inflation increasing cost of raw materials, energy...