The Rotork PLC Board is proposing a final dividend of 4.30p per share. When taken together with the 2.40p interim dividend paid in September 2022, the 6.70p (2021: 6.40p per share) represents a 4.7% increase in dividends over the prior year. This gives dividend cover of 1.9 times (2021: 1.8 times) based on adjusted earnings per share.
Other financial highlights include:
Group order intake increased 11.0% year-on-year with selling prices and volumes higher. Fourth quarter orders rose high single-digits year-on-year on an OCC basis
Successful supply chain improvement measures reduced disruption through the year
Revenue increased 12.8%, benefiting from the second half's strong recovery in deliveries
Adjusted operating margins recovered strongly in the second half and full year margins were 20bps lower at 22.3%. The reported operating margin was 19.3%
