The Spectris PLC Board is proposing to pay a final dividend of 48.8 pence per share, 5% growth year-on-year. When combined with the interim dividend of 23.0 pence per share, this gives a total dividend of 71.8 pence per share for the year. This is in line with their underlying policy of making progressive dividend payments based upon affordability and sustainability.
Other financial highlights include:
• 10% LFL sales growth
• Statutory reported sales down by 3%, due to divestments and foreign exchange movements
• Adjusted operating profit £209.4 million, statutory operating profit £154.9 million
• Strong adjusted cashflow conversion of 96%
• Dividend per share increase of 5%, continuing 32-year track record of dividend growth
