The Melrose Industries Plc Board has declared an interim dividend for 2024 of 2.0 pence per share, which will be paid on 16 September 2024 to shareholders on the register at the close of business on 9 August 2024. Their policy seeks to grow dividends over the longer term without being directly linked to earnings growth as they see organic growth as offering superior shareholder returns.
Other financial highlights include:
Revenue of £1,742 million, 12% growth on the prior year (9% including businesses exited)
Statutory operating loss of £62 million (2023: £18 million)
Adjusted diluted EPS of 11.9p compared to 7.5p in 2023. Statutory diluted EPS of (6.1)p (2023:(3.0)p)
Net debt of £976 million, representing leverage of 1.7x, after £246 million of share buybacks in 2024 (£339 million in total since current £500 million buyback programme commenced)
