The Ashtead PLC Board is recommending a final dividend of 67.5¢ per share (2021: 48.24¢) making 80.0¢ for the year (2021: 58.0¢), an increase of 38%. If approved at the forthcoming Annual General Meeting, the final dividend will be paid on 9 September 2022 to shareholders on the register on 12 August 2022.
Other financial highlights include:
Record performance with strong momentum across the business
Revenue up 19%; rental revenue up 22%
Good progress against all Sunbelt 3.0 actionable components
123 locations added in North America
$2.4bn of capital invested in the business (2021: $947m)
$1.3bn spent on 25 bolt-on acquisitions (2021: $172m)
$414m (£305m) allocated to share buybacks (2021: $nil)
Net debt to EBITDA leverage of 1.5 times (2021: 1.4 times)
