Hill & Smith Holdings Plc Proposed Final Dividend of 22p

DividendMax Ltd.

Hill & Smith Holdings Plc Proposed Final Dividend of 22p

Based on the strong trading performance, the Board is recommending a final dividend of 22.0p per share, making a total dividend for the year of 35.0p per share (2021: 31.0p). The final dividend, if approved, will be paid on 7 July 2023 to shareholders on the register on 2 June 2023.  Looking forward, they are aiming to provide sustainable and progressive dividend growth, targeting a prudent dividend cover of around 2.5 times underlying earnings.

Other Financial Highlights:

  • 14% organic constant currency revenue and profit growth
  • Growth significantly driven by US businesses which represented 64% of Group operating profit
  • Operating margin increased by 90bps to 13.3%, reflecting strong operational performance, pricing actions and portfolio evolution
  • Refreshed financial framework reflecting Group's growth potential
  • Improved cash generation in second half, with year-end covenant leverage at 0.7 times
  • Well-positioned in structurally growing end markets and expect to make further progress in 2023, despite macro-economic uncertainties

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