Victrex PLC have proposed a final dividend of 46.14p/share (FY 2020: final dividend 46.14p/share) taking the full year dividend to 59.56p (FY 2020: 46.14p) which reflects the expectation of growth in FY 2022, despite the significant currency and inflation headwinds.
As a result of the Group's available cash balance exceeding the £85m threshold set out in their capital allocation policy for additional returns to shareholders, they are also proposing a 50p/share special dividend.
Other financial highlights include:
- FY sales volume up 25% driven by improving end-markets
- Double-digit YoY growth in Electronics, Energy & Industrial, VAR
- Improvement in Automotive with volumes +18% despite Semiconductor challenges
- Medical revenue up 3% as elective surgeries gradually return
- 9% increase in new application targets
