Does International Consolidated Airlines Group (ICAGY) Pay a Dividend? (2026)

Last updated October 2026

Short answer

Yes. International Consolidated Airlines Group (ICAGY) pays a dividend yielding about 2.12% as of October 2026, paid twice a year. The latest payment on record was $0.12 per share, ex-dividend June 26, 2026. The forward annual rate is roughly $0.23 per share, about $212 a year on a $10,000 position before tax. The payout takes about 15% of earnings. Figures are approximate and dated; verify the current number with your broker.

Does International Consolidated Airlines Group (ICAGY) pay a dividend?

Yes. International Consolidated Airlines Group distributes a dividend yielding roughly 2.12% as of October 2026, paid twice a year. The most recent payment on record was $0.12 per share, with an ex-dividend date of June 26, 2026. Annualized, that is about $0.23 per share.

Trailing figures combine full-year 2025 with the first half of 2026: revenue of ~€33.4 billion and pre-exceptional operating profit of ~€4.9 billion, after the first half fell ~6% on fuel. Profit after tax over the same span is roughly ~€3.1 billion, which against a ~$24 billion (~€21 billion) market value gives a single-digit P/E near 7 times. The 52-week range for ICAGY is about ~$9.10 to ~$13.07, so the ADR sits in the middle. A low multiple is normal for airlines because earnings are cyclical and exposed to fuel, which is why buybacks and the Avios business draw so much attention.

ICAGY dividend at a glance

Dividend yield
2.12%
Annual rate / share
$0.23
Payout ratio
15.07%
Ex-dividend date
2026-06-26
Recent payments per share
2026-06-26$0.116
2025-12-01$0.111
2025-06-27$0.139
2024-09-06$0.067

ICAGY dividend data as of October 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with ICAGY's investor relations page before relying on it.

Is the ICAGY dividend covered?

International Consolidated Airlines Group paid out about 15% of its earnings as dividends, so the payout is very well covered. A low ratio means the dividend has plenty of room and the company is keeping most of its profit to reinvest or buy back stock, which is also why the yield is modest.

Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.

How the ICAGY dividend has changed

The latest payment of $0.12 per share compares with $0.14 in the equivalent payment a year earlier (June 27, 2025). That is a change of -16.5% over the year.

A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on ICAGY's investor relations page.

What ICAGY's dividend means for you

  • Income: about $212 a year per $10,000 invested, before tax.
  • Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
  • Total return: for ICAGY the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
  • Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
  • If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.

How ICAGY dividends are taxed

Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.

The bottom line on the ICAGY dividend

International Consolidated Airlines Group (ICAGY) pays about 2.12%, or roughly $0.23 per share a year. At that level the dividend is a modest supplement rather than the reason to own it: the case rests on total return. For the full picture see the ICAGY guide. Walnut can show how ICAGY fits your real portfolio. It is not an investment adviser.

Investing in International Consolidated Airlines Group with AI

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FAQ

Does International Consolidated Airlines Group (ICAGY) pay a dividend?

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Yes. International Consolidated Airlines Group pays a dividend yielding roughly 2.12% as of October 2026, paid twice a year. The most recent payment on record was $0.12 per share with an ex-dividend date of June 26, 2026. That works out to a forward annual rate of about $0.23 per share. Yields move with the share price, so verify the current figure with your broker or ICAGY's investor relations page before relying on it.

What is ICAGY's dividend yield?

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About 2.12% as of October 2026. On a $10,000 position that is roughly $212 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so ICAGY yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.

How often does ICAGY pay its dividend?

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International Consolidated Airlines Group pays twice a year. The most recent payment on record had an ex-dividend date of June 26, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on ICAGY's investor relations page, because boards can change both the amount and the timing.

When is ICAGY's ex-dividend date?

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The ex-dividend date recorded in our October 2026 data pull is June 26, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check ICAGY's investor relations page for the next confirmed date.

How much is ICAGY's dividend per share?

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$0.12 per share in the most recent payment (ex-date June 26, 2026), which annualizes to about $0.23 per share. The equivalent payment a year earlier was $0.14. That is a change of -16.5% year over year.

Has International Consolidated Airlines Group raised its dividend recently?

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Not in the last year. The latest payment of $0.12 per share is below the $0.14 paid a year earlier. A flat dividend is not necessarily a warning sign, but it does mean the income is losing ground to inflation.

Is ICAGY's dividend safe?

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International Consolidated Airlines Group paid out about 15% of its earnings as dividends, so the payout is very well covered. A low ratio means the dividend has plenty of room and the company is keeping most of its profit to reinvest or buy back stock, which is also why the yield is modest. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.

How much would I earn in dividends from a $10,000 position in ICAGY?

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At a yield of about 2.12%, roughly $212 a year before tax, spread across 2 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.

Are ICAGY dividends qualified for tax purposes?

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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.

Should I reinvest ICAGY dividends?

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Most brokers offer automatic reinvestment (a DRIP) that puts each ICAGY payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.

Does ICAGY pay a dividend?

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Yes. IAG reinstated its dividend in 2024 and pays an interim and a final dividend each year; the final 2025 dividend was paid in June 2026. On top of that, it has run a series of share buybacks, most recently a €1.5 billion excess cash return announced in February 2026, of which about €800 million had been completed by mid-year and the rest is due by February 2027. For ICAGY holders, dividends are passed through by the depositary bank in dollars, net of fees, and Spanish withholding tax may apply because IAG is a Spanish company. Part of that tax can sometimes be reclaimed or credited against US tax, depending on the holder's situation. The dividend yield has typically sat in the low single digits, so most of the cash return comes through buybacks.

Walnut is informational, not investment advice. Dividend figures on this page come from a October 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with ICAGY's investor relations page or your broker before acting on them.

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