The Qinetiq Group Board has proposes a final FY22 dividend per share of 5.0p (FY21: 4.7p) making the full year dividend 7.3p (FY21: 6.9p). The full year dividend represents an increase of 6% in line with the Group's progressive dividend policy.
Subject to approval at the Annual General Meeting, the final FY22 dividend will be paid on 25 August 2022 to shareholders on the register at 29 July 2022.
Other financial highlights include:
-Orders up 9% on an organic basis with robust backlog
-Revenue up 5% on an organic basis
-Underlying operating profit of £137.4m, equivalent to 11.4% margin before a £14.5m write-down, within their short-term guidance
-114% underlying cash conversion (FY21: 98%)3, 26% ROCE
-Underlying EPS of 20.6p