The Dechra Board is proposing a final dividend of 24.00 pence per share (2019: 22.10 pence per share). Added to the interim dividend of 10.29 pence per share (2019: 9.50 pence per share), this brings the total dividend for the financial year ended 30 June 2020 to 34.29 pence per share (2019: 31.60 pence per share), representing 8.5% growth over the previous year.
Subject to shareholder approval at the Annual General Meeting to be held on 27 October 2020, the final dividend will be paid on 27 November 2020 to shareholders on the Register at 6 November 2020. The shares will become ex-dividend on 5 November 2020.
Other financial Highlights include:
Revenue growth of 6.8% to £515.1 million.
Underlying operating profit increased to £128.3 million.
Underlying EBIT margin (excluding the impact of pension credit) reduced by 80 bps to 24.9% due to mix effect.
Underlying diluted EPS increased by 1.7% to 92.19 pence.
Reported operating profit growth of 33.6%.
Strong cash generation with cash conversion of 99.4%.