The MoneySupermarket Board has recommended a final dividend of 8.61 pence per share (2019: 8.61p), making the proposed full year dividend 11.71 pence per share (2019: 11.71p). This reflects the ongoing strong cash generation of the business, strong balance sheet and the Board's confidence in the future prospects of the Group.
The final dividend will be paid on 20 May 2021 to shareholders on the register on 9 April 2021, subject to approval by shareholders at the Annual General Meeting to be held on 13 May 2021.
Other financial highlights include:
Revenue down 11% due to exceptional COVID-19 related market conditions. Excluding travel channels (TravelSupermarket and travel insurance), revenue fell 4%
Adjusted EBITDA fell 24% as a result of lower revenue and a lower gross margin rate, primarily due to poorer conversion in Money
Strong cash conversion: £83.9m operating cashflow with net cash £23.6m at 31 December 2020