Rightmove PLC are rcommending a final dividend of 5.2p per share for 2022 (2021: 4.8p). The final dividend will be paid, subject to shareholder approval, on 26 May 2023, taking the total dividend for the year to 8.5p, an increase of 9% on 2021 (2021: 7.8p).
Other financial highlights include:
Revenue up £27.7m/9% on 2021 to £332.6m, as customers continued to upgrade their packages and to increase their use of digital products
Operating profit of £241.3m; up 7% on 2021 (2021: £226.1m)
Excluding the one-off impact of 'other income' of £2.4m in the prior year (in relation to the release in 2021 of the contingent consideration for the acquisition of Van Mildert), underlying operating profit is up 7% compared to 2021.
Final dividend for 2022 up 8% to 5.2p (2021: 4.8p) per ordinary share. Total dividend for 2022 up 9% to 8.5p (2021: 7.8p)
£197.7m of cash returned to shareholders through share buybacks and dividends during 2022 (2021: £238.8m)
Cash and cash equivalents, including money market deposits, at the end of the period of £40.1m (31 December 2021: £48.0m).
