Cohort

Website: Cohort
Index: AIM
EPIC: CHRT
Supersector: Industrial Goods and Services
Sector: Aerospace and Defense
Subsector: Defense
Market Cap: £415.54M
Payout Frequency: Semi-Annual

Next Cohort Dividend

Cohort next goes ex-dividend on 08/01/2026. This will be the Interim dividend for 2026.

The dividend per share amount is 5.8000p (GBP) and the payment date is 17/02/2026.

Dividend Summary

Focused Dividend Analysis

Earnings cover: H1 adjusted EPS 16.16p vs interim DPS 5.80p implies c.2.8x cover on H1 earnings—comfortable for a mid-cap industrial.
Cash flow and balance sheet: H1 operating cash outflow of £31.6m and net debt of £32.5m reflect working capital build and capex (incl. ELAC facility). Management guides to a strong H2 and expects to finish the year with net funds, which would improve dividend cash cover.
Visibility: Order book £604.5m with >£145m deliverable in H2; revenue cover now 96% of consensus for FY26. Management expects full-year profit and EPS growth, and stronger H2 margins—supportive of ongoing DPS growth.
Capital allocation: Continued dividends alongside targeted capex and M&A (EM Solutions) balanced by a non-core disposal (SEA Transport). RCF of £50m in place to July 2027; new facility discussions underway and expected before July 2026 results.
Trajectory: Interim DPS up 10% and FY25 final up to 11.05p indicate a consistent progressive trajectory. With H2-weighted delivery and margin recovery expected, the outlook for continued DPS growth remains positive, assuming execution.

Dividends Used in Calculation:

Ex-Dividend Date	Payment Date	Type	Amount	Currency
09/01/2025	18/02/2025	Interim	5.25p	GBX
21/08/2025	03/10/2025	Final	11.05p	GBX

Total (Annual Dividends Per Share): 16.30p

Dividend Yield = Annual Dividends Per Share (16.30p) ÷ Share Price (899p) = 1.81%

Ex Dividend Date	Payment Date	Type	Amount	Currency
08/01/2026	17/02/2026	Interim	5.8000p	GBX
21/08/2025	03/10/2025	Final	11.05p	GBX
09/01/2025	18/02/2025	Interim	5.25p	GBX
22/08/2024	02/10/2024	Final	10.10p	GBX
04/01/2024	13/02/2024	Interim	4.70p	GBX
24/08/2023	03/10/2023	Final	9.15p	GBX
05/01/2023	14/02/2023	Interim	4.25p	GBX
25/08/2022	04/10/2022	Final	8.35p	GBX
06/01/2022	14/02/2022	Interim	3.85p	GBX
19/08/2021	27/09/2021	Final	7.60p	GBX
17/12/2020	04/02/2021	Interim	3.50p	GBX
13/08/2020	18/09/2020	Final	6.90p	GBX
30/01/2020	26/02/2020	Interim	3.20p	GBX
22/08/2019	18/09/2019	Final	6.25p	GBX
31/01/2019	27/02/2019	Interim	2.85p	GBX
23/08/2018	19/09/2018	Final	5.65p	GBX
01/02/2018	28/02/2018	Interim	2.55p	GBX
17/08/2017	13/09/2017	Final	4.90p	GBX
02/02/2017	01/03/2017	Interim	2.20p	GBX
25/08/2016	21/09/2016	Final	4.10p	GBX
04/02/2016	02/03/2016	Interim	1.90p	GBX
27/08/2015	30/09/2015	Final	3.40p	GBX
05/02/2015	04/03/2015	Interim	1.60p	GBX
27/08/2014	24/09/2014	Final	2.80p	GBX
05/02/2014	05/03/2014	Interim	1.40p	GBX

Year	Interim	Final	Currency	Total	Change
2024	4.700	10.100	GBX	14.800	10.440
2023	4.250	9.150	GBX	13.400	9.830
2022	3.850	8.350	GBX	12.200	60.520
2021		7.600	GBX	7.600	-44.110
2020	6.700	6.900	GBX	13.600	49.450
2019	2.850	6.250	GBX	9.100	10.970
2018	2.550	5.650	GBX	8.200	15.490
2017	2.200	4.900	GBX	7.100	18.330
2016	1.900	4.100	GBX	6.000	20.000
2015	1.600	3.400	GBX	5.000	19.040
2014	1.400	2.800	GBX	4.200

Number of Shares:

Payment	Paid	Amount
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