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EasyJet had advanced in stages from zero dividend in 2010 to a 40% ratio last year.
Zero dividend preference shares A share linked to split capital investment trusts.
Income shares promise high levels of income, while zero dividend preference shares promise to pay a pre-set level of capital if certain growth rates are achieved.
But zero dividend preference shares, zeros for short, have produced serious returns for investors since they were invented in the late Eighties.
Appearing before the Treasury Select Committee, John Tiner, chief executive of the Financial Services Authority, told MPs the regulator was in the process of negotiating a settlement for people who lost money in the funds through buying so-called zero dividend preference shares.
Deutsche Bank analysts on Tuesday factored in a zero dividend payout for 2014 in their forecasts for BNP, based on a $9 billion fine.
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500 have announced two dividend cuts this year.
They have missed five dividend payments and appear incapable of surviving without taxpayer cash.
It was a tale of two dividend cuts at miner Anglo American and rat catcher Rentokil.
It doubled its returns through two dividend payments and proceeds from the Gordmans initial public offering in 2010.
Vodafone is one of the top two dividend payers in the FTSE 100, and its chief executive earned £11m last year.
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