Ultra Electronics announce a final dividend of 41.5pence per share

DividendMax Ltd.

Ultra Electronics announce a final dividend of 41.5pence per share

Ultra's dividend policy has a through-cycle target of circa two times normalised cash and earnings cover. The 2020 proposed final dividend of 41.5p (2019: 39.2p postponed final dividend paid in September 2020) per share is proposed to be paid on 14 May 2021 to shareholders on the register at 9 April 2021 subject to approval at the Annual General Meeting. This will result in a final full year dividend of 56.9p (2019: 54.2p), which will be covered 2.3 times by underlying EPS.

Other financial highlights include:

Further strategic progress 

- Key programme wins 

Delivering growth

- Third consecutive year of organic revenue growth

- Strong order book development

- Market outperformance

Robust performance

- Solid execution, despite Covid-19 

- Margin progression and excellent ROIC

Transformation on track

- Good progress on Focus; Fix; Grow change programme

Exciting Potential 

- Record order book, good visibility 

- Stable markets with Ultra well positioned in growth segments

- Targeted technology investment 

- Transformation benefits accelerating

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