The ConvaTec Group Board recommends a 3% increase in the full year dividend to 6.229 cents per share (2022: 6.047 cents). The payout ratio of 46% (2022: 48%) of adjusted EPS remains modestly ahead of the target range of 35-45%. The Board remains confident of the Group's future prospects and this progressive dividend recommendation is consistent with the approach over the last 3 years.
Taking into consideration the recent trends in take up and the cost of operating, the Board has taken the decision to terminate the scrip dividend option.
