The Record PLC Board is recommending a final ordinary dividend of 1.80 pence per share (2021: 1.15 pence) with the full-year ordinary dividend at 3.60 pence per share (2021: 2.30 pence), representing a 57% increase in the ordinary dividend and an ordinary payout ratio of 80% of earnings. The interim dividend of 1.80 pence was paid on 30 December 2021, and the final ordinary dividend of 1.80 pence will be paid on 9 August 2022 to shareholders on the register at 1 July 2022, subject to shareholder approval.
Other financial highlights include:
38% increase in revenue to £35.1m (FY-21: £25.4m)
76% increase in Profit Before Tax (PBT) to £10.9m (FY-21: £6.2m)
7% increase in operating profit margin to 31% (FY-21: 24%)