The Qinetiq Board proposes a final FY21 dividend per share of 4.7p (2020: 4.4p) making the full year dividend 6.9p (2020: 6.6p). The full year dividend represents an increase of 5% in line with the Group's progressive dividend policy.
Subject to approval at the Annual General Meeting, the final FY21 dividend will be paid on 26 August 2021 to shareholders on the register at 30 July 2021.
Other financial highlights include:
-Orders up 18%, 11% on an organic basis; largest annual order intake in a decade
-Revenue up 19%, 10% on an organic basis
-Underlying operating profit up 14%, 6% on an organic basis, underlying EPS up 11%
-131% underlying cash conversion pre-capex, 28% ROCE
-Gain on disposals (£28m), offset by German goodwill impairment (£25m)