Smart Metering Systems Plc Board is Proposing a 30.25p Per Share Dividend

DividendMax Ltd.

Smart Metering Systems Plc Board is Proposing a 30.25p Per Share Dividend

The Board is proposing a 30.25p per share dividend (FY 2021: 27.5p) in line with their stated policy of increasing the dividend +10% year-on-year until 2024. The dividend demonstrates the sustainable growth delivered by the Group's strategy and is covered by long-term, sustainable cash flows generated from their existing portfolio of CaRe assets.

Other Financial Highlights: 

  • ILARR at 31 December 2022 up 13% to £97.1m (2021: £85.9m)
  • Revenue up 25% to £135.5m (2021: £108.5m)
  • Pre-exceptional EBITDA up 21% to £63.8m (2021: £52.8m)
  • Underlying profit before taxation up 34% to £24.5m (2021: £18.3m)
  • Net debt at 31 December 2022 of £31.2m (2021: net cash of £117.7m)
  • Undrawn debt facility of £355m (2021: £420m)

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