Semi-State Bodies Dividends

Dáil Éireann Debate, Tuesday - 26 November 2013

Tuesday, 26 November 2013

Ceisteanna (281)

Eoghan Murphy

Ceist:

281. Deputy Eoghan Murphy asked the Minister for Public Expenditure and Reform further to Parliamentary Question No. 244 of 12 November 2013, in respect of the NewERA strategy, if he has devised a strategy for the payment of dividends by State-owned companies to the Exchequer for the next five years. [50199/13]

Freagraí scríofa

Minister for Public Expenditure and Reform

In general, dividends of 30% of profits after tax have been sought of State companies in recent years. My Department, working with other relevant Departments and NewERA, is at present working on a range of shareholder considerations, including developing a new dividend policy for commercial state companies.