Softcat announce a final dividend of 16.6p, up 15.3%

DividendMax Ltd.

Softcat announce a final dividend of 16.6p, up 15.3%

A final ordinary dividend of 16.6p per share has been recommended by the Softcat Directors and if approved by shareholders will be paid on 19 December 2022. The final ordinary dividend will be payable to shareholders whose names are on the register at the close of business on 11 November 2022. Shares in the Company will be quoted ex-dividend on 10 November 2022. The last day for dividend reinvestment plan ('DRIP') elections to be received is 28 November 2022.

Other financial highlights include:

Strong performance across both first and second halves of the year, extending their record of unbroken organic year-on-year growth in gross invoiced income, gross profit and operating profit.

Further growth in both the customer base (+2.1%) and average gross profit per customer (+16.1%), demonstrating good progress against each key aim of their strategy.

Headcount up 14.3%, delivering investment across all areas of the business.

Strong balance sheet position maintained with net cash at year end of £97.3m (2021: £101.7m).

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