4imprint Group
Website:
4imprint Group
Index:
FTSE 250
EPIC: FOUR
Supersector:
Media
Sector:
Media
Subsector:
Media Agencies
Market Cap:
£1.03B
Payout Frequency: -
4imprint Group Dividend Analysis and Summary
Key Dividend Details
- Proposed final dividend: 160.0c per share (US$), equivalent to 119.4p.
- Total regular DPS for FY2025: 240.0c (US$) or 179.5p (flat in USD, down in GBP due to FX).
- Dividend timetable:
- Ex-dividend date: 30/04/2026 (derived from record date).
- Record date: 01/05/2026.
- Payment date: 03/06/2026.
- Currency: Dividends are determined in USD and paid in GBP at the declaration-date FX rate.
- Estimated cash cost of the proposed final dividend: $44.9m.
Coverage and Sustainability
- EPS (FY2025): 404.4c; regular DPS: 240.0c ? payout ratio ~59% (c.1.7x earnings cover).
- Free cash flow (FY2025): $128.0m. Regular 2025 dividends (interim paid + proposed final) of ~$67.8m are covered ~1.9x by FY2025 FCF.
- Balance sheet: $132.8m cash and deposits, no core debt; undrawn facilities remain in place. Strong cash conversion (109% of operating profit) supports dividend capacity.
- Operating margin maintained at 10.8%; gross margin improved to 32.4%, providing some buffer against a softer top line.
Growth Trajectory and Policy
- Regular DPS held flat in USD year-on-year (240.0c), consistent with the stated policy to at least maintain DPS in a downturn; GBP DPS declined due to FX.
- Management reiterates a through-cycle approach: dividends to increase broadly in line with EPS over time, with flexibility to maintain in softer periods.
- Special dividends are opportunistic when cash exceeds funding needs; a 250.0c special was paid in 2025 but should not be considered recurring.
Financial and Capital Allocation Support
- Capital allocation priorities: organic investment first, then regular dividends; M&A not a near-term priority; excess cash returned primarily via specials.
- Cash generation robust despite modest revenue decline (-2%); FCF uplift driven by lower capex and FX gains.
- Capex commitment ongoing but manageable: c.$10m Oshkosh office relocation (completing mid-2026) after prior DC expansion; does not strain liquidity.
Structural/One-off Items Relevant to Dividends
- Special dividend of 250.0c paid in 2025; no guidance that specials will repeat in 2026.
- Defined benefit pension plan wind-up progressing; residual risk reduced after annuity purchase, simplifying future cash flow visibility.
- Chair transition to Paul Forman; strategy and dividend policy unchanged.
Risks and Flags to Dividend Stability
- Macro softness and demand: Orders and revenue slightly down in early 2026; new customer acquisition was -12% in 2025. Could cap near-term EPS growth.
- Tariff-related cost inflation: Suppliers phasing in increases in early 2026; may pressure margins if not fully passed on.
- FX exposure: Dividends paid in GBP but generated largely in USD; sterling strength would reduce GBP translated payouts, and vice versa.
- Marketing effectiveness/search changes (AI-driven): Could affect customer acquisition costs over time; mitigated by strong brand mix and flexibility.
Read more
4imprint Group Annual Dividend Yield - 7.67%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 01/05/2025 |
03/06/2025 |
Special |
193.30¢ |
USX |
| 01/05/2025 |
03/06/2025 |
Final |
123.70¢ |
USX |
| 14/08/2025 |
15/09/2025 |
Interim |
60.10¢ |
USX |
Total (Annual Dividends Per Share):
277.65p
(Using exchange rate on 30/04/2026
$ = £0.73627)
Dividend Yield =
Annual Dividends Per Share (277.65p)
÷ Share Price (3620p)
= 7.67%
4imprint Group Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 30/04/2026 |
03/06/2026 |
Final |
160.00¢ |
USX |
| 14/08/2025 |
15/09/2025 |
Interim |
60.10¢ |
USX |
| 01/05/2025 |
03/06/2025 |
Special |
193.30¢ |
USX |
| 01/05/2025 |
03/06/2025 |
Final |
123.70¢ |
USX |
| 15/08/2024 |
16/09/2024 |
Interim |
62.70¢ |
USX |
| 02/05/2024 |
03/06/2024 |
Final |
117.00¢ |
USX |
| 17/08/2023 |
15/09/2023 |
Interim |
50.80¢ |
USX |
| 04/05/2023 |
01/06/2023 |
Final |
99.23¢ |
USX |
| 18/08/2022 |
16/09/2022 |
Interim |
33.01¢ |
USX |
| 28/04/2022 |
31/05/2022 |
Final |
22.99p |
GBX |
| 26/08/2021 |
21/09/2021 |
Interim |
10.83p |
GBX |
| 09/04/2020 |
15/05/2020 |
Final |
46.16p |
GBX |
| 08/08/2019 |
17/09/2019 |
Interim |
20.52p |
GBX |
| 08/08/2019 |
01/09/2019 |
Interim |
20.52p |
GBX |
| 04/04/2019 |
15/05/2019 |
Final |
37.30p |
GBX |
| 09/08/2018 |
18/09/2018 |
Interim |
15.85p |
GBX |
| 29/03/2018 |
11/05/2018 |
Special |
43.17p |
GBX |
| 29/03/2018 |
11/05/2018 |
Final |
28.78p |
GBX |
| 17/08/2017 |
14/09/2017 |
Interim |
13.80p |
GBX |
| 06/04/2017 |
12/05/2017 |
Final |
29.52p |
GBX |
| 18/08/2016 |
15/09/2016 |
Interim |
12.30p |
GBX |
| 07/04/2016 |
13/05/2016 |
Final |
18.82p |
GBX |
| 13/08/2015 |
11/09/2015 |
Interim |
7.75p |
GBX |
| 09/04/2015 |
13/05/2015 |
Final |
14.25p |
GBX |
| 13/08/2014 |
12/09/2014 |
Interim |
6.20p |
GBX |
| 09/04/2014 |
09/05/2014 |
Final |
11.40p |
GBX |
| 07/08/2013 |
13/09/2013 |
Interim |
5.60p |
GBX |
| Year |
Interim |
Final |
Special |
Currency |
Total |
Change |
| 2022 |
|
22.990 |
|
GBX |
22.990 |
112.280 |
| 2021 |
10.830 |
|
|
GBX |
10.830 |
-76.530 |
| 2020 |
|
46.160 |
|
GBX |
46.160 |
-41.070 |
| 2019 |
41.040 |
37.300 |
|
GBX |
78.340 |
32.730 |
| 2018 |
15.850 |
|
43.170 |
GBX |
59.020 |
-18.140 |
| 2017 |
13.800 |
58.300 |
|
GBX |
72.100 |
131.680 |
| 2016 |
12.300 |
18.820 |
|
GBX |
31.120 |
41.450 |
| 2015 |
7.750 |
14.250 |
|
GBX |
22.000 |
25.000 |
| 2014 |
6.200 |
11.400 |
|
GBX |
17.600 |
214.280 |
| 2013 |
5.600 |
|
|
GBX |
5.600 |
|
4imprint Group Dividend Calculator
4imprint Group Dividend Growth
| Dividend Growth (1Y) |
109.85%
|
| Dividend CAGR (5Y) |
103.41%
|
| Years of Growth |
1
|
| Payout Ratio |
61.36%
|
| Buyback Yield |
0.19%
|
| Shareholder Yield |
4.92%
|
| P/E Ratio (TTM) | 12.5 |
|---|
| Forward P/E | 16.18 |
|---|
| P/FCF | 11.13 |
|---|
| Earnings Yield | 8.04% |
|---|
| FCF Yield | 8.98% |
|---|
| ROE | 65.21% |
|---|
| ROCE | 86.89% |
|---|
| Profit Margin | 8.43% |
|---|
| Operating Margin | 10.78% |
|---|
| Gross Margin | 32.37% |
|---|