Ultra's dividend policy has a through-cycle target of circa two times normalised cash and earnings cover. The 2020 proposed final dividend of 41.5p (2019: 39.2p postponed final dividend paid in September 2020) per share is proposed to be paid on 14 May 2021 to shareholders on the register at 9 April 2021 subject to approval at the Annual General Meeting. This will result in a final full year dividend of 56.9p (2019: 54.2p), which will be covered 2.3 times by underlying EPS.
Other financial highlights include:
Further strategic progress
- Key programme wins
Delivering growth
- Third consecutive year of organic revenue growth
- Strong order book development
- Market outperformance
Robust performance
- Solid execution, despite Covid-19
- Margin progression and excellent ROIC
Transformation on track
- Good progress on Focus; Fix; Grow change programme
Exciting Potential
- Record order book, good visibility
- Stable markets with Ultra well positioned in growth segments
- Targeted technology investment
- Transformation benefits accelerating
