The Spirent Communications Plc Board is recommending the payment of a final dividend for 2021 of 4.37 cents (3.34 pence) per share which, together with the interim dividend of 2.39 cents (1.72 pence) per share paid in September 2021, brings the full year dividend to 6.76 cents (5.06 pence) per share, a dividend cover of 2.5 times adjusted earnings. This is a 12 per cent increase compared to the full year dividend for 2020. In Sterling terms this represents an increase of 14 per cent. This follows a special dividend in 2020 of 7.50 cents (5.40 pence) per share.
Other financial highlights include:
Revenue up 10 per cent, 7 per cent organic, with strong demand for both lab, and especially live assurance solutions, as 5G networks continue to roll out globally.
Adjusted operating profit increased by 14.5 per cent to $118.5 million, with adjusted operating margin improving to 20.6 per cent, up from 19.8 per cent in 2020.
Cash closed at $174.8 million after payment of special dividend of $46 million, and acquisition of octoScope
