The Amino plc Board took the difficult decision to suspend the dividend in the light of the global pandemic and associated uncertainty. Their new dividend policy, to deliver returns to shareholders via growth and income, was announced in December and reflects the Company's growth ambitions. This policy of paying between 33-50% of adjusted EPS in dividend is expected to provide shareholders with a growing income stream whilst allowing the Company to invest in growth.
In line with this policy the Board recommends a dividend of 1.87 pence per share
Other financial highlights include:.
Achieved growth across all five Key Performance Indicators
· Improved quality of earnings and enhanced visibility
High margin software revenue up 49% to $19.5 million (2019: $13.0million), total now 24% of Group revenues
Exit run rate Annual Recurring Revenue ("ARR") (5) up 12% to $10.6 million (2019: $9.5million)
· Strong balance sheet with significantly strengthened net cash position
· New dividend policy to provide shareholders with an income return as well as targeting capital growth