Three years after the completion of the merger between Spain’s Iberia and British Airways, IAG has laid out its plans to pay a maiden dividend following its noteworthy profit growth.

According to IAG, it is certain that the company’s significant growth in profits per year plus its earnings growth by more than 10% between 2016 and 2020 should make it possible for it to begin paying dividends to shareholders next year.In a declaration made by IAG last Friday, the company stays confident that it will be able to meet its financial goals for next year which should set off for the introduction of dividends.

It can be remembered that Iberia of Spain and British Airways sealed an merger in 2011 for $8 billion—a move that aided both companies to pick up from major losses following the worst condition of the industry for several years.

Prior to the sealing of the agreement in 2011, the two individual companies have not paid dividend shareholders yet since the year 2008.

The dividend that IAG will pay next year will be based on the 25% of its underlying profit after tax is deducted from it according to British Airways-owned company.

It is already expecting that its operating profit will grow by up to 78% by the end of 2014 and by 31% more in 2015 which will be equal to 1.8 billion Euros.