Rolls-Royce Holdings said that it expects to deliver between 400 million and 500 million pounds ($505.1 million-$631.4 million) in cost savings in the mid-term, paving the way to restore capital returns, as it set out its financial targets ahead of its capital markets day.
The U.K.-based aircraft engine manufacturer said that its efficiency initiatives to optimize costs will boost its balance sheet and lead it to reestablishing shareholder distribution. Dividends have been suspended since 2020 and while a company-compiled consensus doesn’t see a payout for 2023, analysts estimate that a 1.0 pence per share dividend will be paid for 2024 and a 3.3 pence one for 2025.
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