The Morgan Sindall Board of Directors has proposed an interim dividend of 30.0p per share, an increase of 43% on the prior year interim dividend. This will be paid on 26 October 2021 to shareholders on the register at 8 October 2021. The ex-dividend date will be 7 October 2021. In 2020, the interim dividend of 21.0p per share was proposed in November and paid in December 2020.
Other financial highlights include:
Trading substantially ahead of 'pre-pandemic' 2019 levels
o Revenue up 10% and adjusted profit before tax up 46% on HY 2019
Balance sheet further strengthened
o Net cash of £337m (HY 2020: £146m, HY 2019: £114m)
o Average daily net cash increased significantly to £294m (HY 2020: £153m, HY 2019: £123m)
Well-positioned for future growth
o High quality order book with maintained secured workload of £8.3bn, level with year end
