The Tristel plc board is recommending a final dividend of 8.28 pence (2023: 7.88 pence). Combined with the interim dividend of 5.24 pence, the total dividend pay-out for the year will be 13.52 pence per share, this is an increase of 29% on last year's total dividend pay-out of 10.50 pence. Going forward the Tristel board's intention is to increase the dividend annually in line with the year's increase in EPS, committing to minimum dividend growth of 5%. This final dividend will be paid on 20 December 2024, to shareholders on the register on 29 November 2024, the associated ex-dividend date is 28 November 2024.
Other financial highlights include:
● Turnover up 16% to £41.9m (2023: £36.0m)
● Gross margin up 2% to 80% (2023 restated: 78%)
● Adjusted pre-tax profit up 32% to £8.2m (2023: £6.2m)
● Reported pre-tax profit up 39% to £7.1m (2023: £5.1m)
● Adjusted EPS up 50% to 15.34p (2023: 10.67p). Basic EPS of 13.68p (2023: 9.44p)
● Cash and short-term investment balance of £11.8m (2023: £9.5m), with continued strong operating cashflow of £10.9m in the year (2023: £8.4m)
