Image source: Getty Images
The WiseTech Global Ltd (ASX: WTC) share price is up 10.9% to $58.79 in Wednesday trading after the provider of software solutions to the logistics industry reported full-year revenue up 25% to $632 million and net profits after tax up 72% to $182 million.
The company declared a fully franked final dividend of 6.40 cents per share, taking total FY22 dividends to 11.15 cents per share, an increase of 71% compared to FY21.
The WiseTech final dividend will be paid to eligible shareholders on 7 October 2022. WiseTech shares go ex-dividend on 9 September 2022.
Based on the WiseTech share price today, the stock trades at more than 103 times earnings and on a fully franked dividend yield of 0.15%.
Looking ahead, WiseTech said it anticipated FY23 revenue growth of 20–23% and earnings before interest, tax, depreciation, and amortisation (EBITDA) growth of 21–30%.
Over the past 12 months, WiseTech shares have gained 62%, compared to a fall of 7.6% in the S&P/ASX 200 Index (ASX: XJO). By contrast, fellow large-cap tech stock Xero Limited (ASX: XRO) shares have fallen 42% in the last year.
