Pearson PLC announces 13.5pence per share final dividend

DividendMax Ltd.

Pearson PLC announces 13.5pence per share final dividend

Pearson PLC announces a proposed final dividend of 13.5p (2019: 13.5p), which equates to a full year dividend of 19.5p (2019: 19.5p).​

Other financial highlights include:

  • Underlying revenue declined 10%. 
  • Global Online Learning up 18% reflecting increased demand for virtual learning.
  • Global Assessment 14% lower, and International down 19%.
  • North American Courseware down 13%, with US Higher Education Courseware in line with pre-COVID expectations.​

Performance in line with revised expectations post COVID-19; with adjusted operating profit of £313m (2019: £581m) 

  • Adjusted earnings per share of 28.7p (2019: 57.8p) after an effective tax rate charge of 13.7% (2019: 16.5%).​

Strong balance sheet and cash performance 

  • Operating cash flow of £315m (2019: £418m) with a conversion rate of 101% reflects lower profit partially offset by good working capital management.
  • Year-end net debt reduced to £463m (2019: £1,016m) with leverage at 0.8x (2019: 1.3x).​

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