YouGov announce a proposed dividend increase of 20% to 6.0p per share

DividendMax Ltd.

YouGov announce a proposed dividend increase of 20% to 6.0p per share

The YouGov PLC Board is recommending the payment of a final dividend of 6.0 pence per share for the year ended 31 July 2021. If shareholders approve the dividend at the AGM (scheduled for 7 December 2021), it will be paid on Monday 13 December 2021 to all shareholders who were on the Register of Members at close of business on Friday 3 December 2021.

Other financial highlights include:

Revenue growth of 11% (FY20: 12%) with underlying growth of 18% on the back of strong delivery in the second half of the financial year

Underlying operating profit (excluding impact of planned Kurdistan closure and foreign exchange movements) was up by 32%, representing an underlying operating profit margin of 16% (FY20: 14%). 

o This growth was driven by all three divisions and despite absorption of an increased non-cash share-based payment charge of 5.1m (FY20: £2.8m)

Statutory operating profit up 25% to £19.0m (FY20: £15.2m) including separately reported items charge of £6.5m in respect of completed acquisitions 

Adjusted profit before tax (excluding exceptional costs and share-based payment charge) up by 21% to £31.2m (FY20: £25.7m)

Adjusted earnings per share up by 15% to 20.8p (FY20: 18.1p) 

Strong cash conversion of 123% (FY20: 104%), enabling them to continue investing in the business 

Robust balance sheet maintained with net cash at year end of £35.5m (31 July 2020: £35.3m) and no debt

Companies mentioned