The PageGroup Board has proposed a final dividend of 10.76p (2021: 10.30p) per ordinary share, up 4.5% on the 2021 final dividend. When taken together with the interim dividend of 4.91p (2021: 4.70p) per ordinary share, this is an increase in the total dividend for the year of 4.5%. The proposed final dividend, which amounts to £34.2m, will be paid on 19 June 2023 to shareholders on the register as at 19 May 2023, subject to shareholder approval at the Annual General Meeting on 1 June 2023.
Other financial highlights include:
Group gross profit up 20.2% to £1,076.3m, a record year for the Group
Record operating profit of £196.1m (2021: £168.5m)
Conversion rate decreased to 18.2% (2021: 19.2%), reflecting lower consultant productivity in H2
Gross profit per fee earner down 0.6% in constant currencies, but up 1.4% in reported rates
Record gross profit in 27 countries
Fee earner headcount increased by 861 (14.2%) vs 2021, total closing headcount of 9,020
Strong cash position of £131.5m (2021: £154.0m)
Total dividends of £133.2m paid during 2022
Final dividend proposed of 10.76p per share (2021: 10.30p), resulting in total dividend growth of 4.5% (excluding special dividends)
