Here’s what you need to know about the Altium Group FY22 dividend

The Altium Limited (ASX:ALU) share price has continued to gain ground in the days after the design software company reported FY22 results that smashed expectations. 

For the 12 months ended 30 June, Altium reported a 23% increase in revenue to US$220.8 million and an earnings before interest, tax, depreciation and amortisation (EBITDA) margin of 36.7%.

Altium declared a fully franked final dividend of 26 cents per share, taking total FY22 dividends to 47 cents per share, an increase of 18% compared to FY21.

The Altium final dividend will be paid to eligible shareholders on 27th September 2022. Altium shares go ex-dividend on 5th September 2022. 

Based on the Altium share price of around $37, the stock trades at 88 times earnings and on a fully franked dividend yield of 1.27%.

Over the past 12 months, Altium shares have gained almost 3%, compared to a fall of 7.6% in the ASX 200 Index. 

The post Here’s what you need to know about the Altium Group FY22 dividend appeared first on The Motley Fool Australia.

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Motley Fool contributor Bruce Jackson has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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