The PageGroup Plc Board has proposed a final dividend of 11.24p (2022: 10.76p) per ordinary share, up 4.5% on the 2022 final dividend. When taken together with the interim dividend of 5.13p (2022: 4.91p) per ordinary share, this is an increase in the total dividend for the year of 4.5%. The proposed final dividend, which amounts to £35.4m, will be paid on 21 June 2024 to shareholders on the register as at 17 May 2024, subject to shareholder approval at the Annual General Meeting on 3 June 2024.
Other financial highlights include:
Group gross profit down 6.3% to £1,007.1m (2022: £1,076.3m)
Operating profit of £118.8m (2022: £196.1m)
Conversion rate decreased to 11.8% (2022: 18.2%)
Fee earner headcount decreased by 1,092 (15.7%) vs 2022, total closing headcount of 7,859
Gross profit per fee earner at record levels as a result of action on fee earner headcount
Strong cash position of £90.1m (2022: £131.5m)
