Rightmove PLC announce an interim dividend for 2022 up 10% to 3.3p

DividendMax Ltd.

Rightmove PLC announce an interim dividend for 2022 up 10% to 3.3p

The Rightmove PLC Directors are recommending an interim dividend of 3.3p per ordinary share, which will be paid on 28 October 2022 to all shareholders on the register at 30 September 2022. 

Other financial highlights include:

Revenue up £12.8m/9% on 2021 to £162.7m, as customers continued to increase their use of digital products and upgrade their packages

Operating profit of £121.3m, up 6% on 2021 (2021: £114.9m)

Excluding the one-off impact of 'other income' of £2.4m in the prior year (in relation to the release in 2021 of the contingent consideration for the acquisition of Van Mildert), underlying operating profit is up 7% compared to 2021. Underlying operating profit of £122.4m, up 5% on 2021 (2021: £117.1m)

Basic earnings per share up 8% to 11.7p (2021: 10.8p), underlying earnings per share is up 7% to 11.8p (2021: 11.0p)

£100.3m of cash returned to shareholders through share buybacks and dividends in the first half of 2022 (2021: £128.3m)

Cash and cash equivalents, including money market deposits, at the end of the period of £43.9m (31 December 2021: £48.0m)

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