Shares in the owner of Southend and Carlisle airports tumbled 12pc, or 23.2p, to 174.4p after it said the total dividend paid for the current financial year would now be 15p per share instead of 16.5p. The FTSE 250 company, which is weighing a bid for airline Flybe, said it has paid £105m worth of dividends to shareholders since March 2017, funded via disposals of non-strategic assets. Stobart made a failed bid for Flybe earlier this year.