A final ordinary dividend of 14.4p per share has been recommended by the Softcat PLC Directors and if approved by shareholders will be paid on 20 December 2021. The final ordinary dividend will be payable to shareholders whose names are on the register at the close of business on 12 November 2021. Shares in the Company will be quoted ex-dividend on 11 November 2021. The dividend reinvestment plan ('DRIP') election date is 29 November 2021.
Other financial highlights include:
Strong performance in both the first and second halves of the year as they extend their record of organic year-on-year growth in gross invoiced income, gross profit and operating profit to sixty-four consecutive quarters.
Cash conversion after capital expenditure remains healthy at 89.9%.
Further growth in both the customer base (+2.3%) and average gross profit per customer (+14.6%), demonstrating good progress against both key aims of their strategy.
Average headcount up 11%, reflecting ongoing investment across all areas of the business.
Strong balance sheet position maintained with net cash at year end of £101.7m (2020: £80.1m).
