Croda International

Website: Croda International
Index: FTSE 100
EPIC: CRDA
Supersector: Chemicals
Sector: Chemicals
Subsector: Specialty Chemicals
Market Cap: £3.7B
Payout Frequency: Semi-Annual

Next Croda International Dividend

Croda International next goes ex-dividend on 09/04/2026. This will be the Final dividend for 2026.

The dividend per share amount is 63.0000p (GBP) and the payment date is 27/05/2026.

Croda International Dividend Analysis and Summary

Key dividend details

Final dividend: 63.0p per share for FY25 (up 1p YoY)
Ex-dividend date: 09/04/2026 (derived from record date)
Record date: 10/04/2026
Payment date: 27/05/2026
Total ordinary dividend for FY25: 111.0p (FY24: 110.0p)
Interim already paid: 48.0p (October 2025)
Total cash cost of FY25 dividend: £154.9m
Coverage (earnings): 1.32x on adjusted EPS 146.2p (payout ~76% vs policy 40–50%)
Coverage (free cash flow, post exceptionals): ~1.04x (£161.6m FCF vs £154.9m dividends)
Balance sheet: net debt £523.8m, leverage 1.3x EBITDA (target range 1–2x)

Analysis: sustainability and trajectory

Sustainability: Dividend is covered by adjusted earnings but with a high payout ratio and thin FCF cover, leaving limited short-term headroom. Management explicitly plans to at least maintain the ordinary dividend while restoring earnings and reducing the payout ratio.
Growth trajectory: FY25 dividend growth was modest (+0.9%). Near-term, expect flat to low growth until margins and cash conversion improve.
Support from performance and capital allocation: Adjusted PBT +8%; H2 cash generation improved; capex normalising to ~6% of sales. Transformation benefits (~£100m annualised by FY28) and working capital reduction (~£50m by FY28) underpin the targeted uplift in FCF-to-sales (>12% vs 9.5% in FY25), improving future dividend capacity.

Croda International Annual Dividend Yield - 4.24%

Dividends Used in Calculation:

Ex-Dividend Date	Payment Date	Type	Amount	Currency
10/04/2025	28/05/2025	Final	63.00p	GBX
28/08/2025	07/10/2025	Interim	48.00p	GBX

Total (Annual Dividends Per Share): 111.00p

Dividend Yield = Annual Dividends Per Share (111.00p) ÷ Share Price (2621p) = 4.24%

Ex Dividend Date	Payment Date	Type	Amount	Currency
09/04/2026	27/05/2026	Final	63.0000p	GBX
28/08/2025	07/10/2025	Interim	48.00p	GBX
10/04/2025	28/05/2025	Final	63.00p	GBX
05/09/2024	08/10/2024	Interim	47.00p	GBX
18/04/2024	29/05/2024	Final	62.00p	GBX
31/08/2023	03/10/2023	Interim	47.00p	GBX
27/04/2023	26/05/2023	Final	61.00p	GBX
08/09/2022	04/10/2022	Interim	47.00p	GBX
05/05/2022	06/06/2022	Final	56.50p	GBX
09/09/2021	05/10/2021	Interim	43.50p	GBX
06/05/2021	04/06/2021	Final	51.50p	GBX
20/08/2020	01/10/2020	Interim	39.50p	GBX
16/04/2020	28/05/2020	Final	50.50p	GBX
22/08/2019	02/10/2019	Interim	39.50p	GBX
29/04/2019	30/05/2019	Special	115.00p	GBX
11/04/2019	30/05/2019	Special	115.00p	GBX
11/04/2019	30/05/2019	Final	49.00p	GBX
23/08/2018	03/10/2018	Interim	38.00p	GBX
04/05/2018	31/05/2018	Final	46.00p	GBX
19/04/2018	31/05/2018	Final	46.00p	GBX
31/08/2017	03/10/2017	Interim	35.00p	GBX
04/05/2017	01/06/2017	Final	41.25p	GBX
08/09/2016	04/10/2016	Interim	32.75p	GBX
05/05/2016	02/06/2016	Final	38.00p	GBX
27/08/2015	29/09/2015	Interim	31.00p	GBX
30/04/2015	28/05/2015	Final	36.00p	GBX
27/08/2014	30/09/2014	Interim	29.50p	GBX
30/04/2014	30/05/2014	Final	35.50p	GBX
04/09/2013	03/10/2013	Interim	29.00p	GBX
01/05/2013	31/05/2013	Final	32.75p	GBX
29/08/2012	04/10/2012	Interim	26.75p	GBX
02/05/2012	01/06/2012	Final	30.25p	GBX
31/08/2011	07/10/2011	Interim	24.75p	GBX
01/05/2011	03/06/2011	Final	25.25p	GBX
01/09/2010	07/10/2010	Interim	9.75p	GBX
28/04/2010	03/06/2010	Final	15.00p	GBX
02/09/2009	08/10/2009	Interim	6.50p	GBX
29/04/2009	04/06/2009	Final	13.55p	GBX
03/09/2008	03/10/2008	Interim	6.20p	GBX
30/04/2008	05/06/2008	Final	10.80p	GBX
29/08/2007	05/10/2007	Interim	4.95p	GBX
02/05/2007	01/06/2007	Final	9.65p	GBX
06/09/2006	06/10/2006	Interim	4.65p	GBX
03/05/2006	02/06/2006	Final	9.00p	GBX
07/09/2005	06/10/2005	Interim	4.35p	GBX
01/06/2005	07/07/2005	Final	8.40p	GBX
01/12/2004	06/01/2005	Interim	4.10p	GBX
02/06/2004	06/07/2004	Final	7.83p	GBX
03/12/2003	05/01/2004	Interim	4.02p	GBX
04/06/2003	04/07/2003	Final	7.59p	GBX
04/12/2002	06/01/2003	Interim	3.91p	GBX

Year	Interim	Final	Special	Currency	Total	Change
2024	47.000	62.000		GBX	109.000	0.920
2023	47.000	61.000		GBX	108.000	4.340
2022	47.000	56.500		GBX	103.500	8.940
2021	43.500	51.500		GBX	95.000	5.550
2020	39.500	50.500		GBX	90.000	-71.740
2019	39.500	49.000	230.000	GBX	318.500	145.000
2018	38.000	92.000		GBX	130.000	70.490
2017	35.000	41.250		GBX	76.250	7.770
2016	32.750	38.000		GBX	70.750	5.590
2015	31.000	36.000		GBX	67.000	3.070
2014	29.500	35.500		GBX	65.000	5.260
2013	29.000	32.750		GBX	61.750	8.330
2012	26.750	30.250		GBX	57.000	14.000
2011	24.750	25.250		GBX	50.000	102.020
2010	9.750	15.000		GBX	24.750	23.440
2009	6.500	13.550		GBX	20.050	17.940
2008	6.200	10.800		GBX	17.000	16.430
2007	4.950	9.650		GBX	14.600	6.950
2006	4.650	9.000		GBX	13.650	7.050
2005	4.350	8.400		GBX	12.750	6.870
2004	4.100	7.830		GBX	11.930	2.750
2003	4.020	7.590		GBX	11.610	196.930
2002	3.910			GBX	3.910

Croda International Dividend Calculator

Number of Shares:

Payment	Paid	Amount
Next	–	–
Previous	–	–

Croda International Dividend Growth

Dividend Growth (1Y)	0.91%
Dividend CAGR (5Y)	4.05%
Years of Growth	5
Payout Ratio	249.84%
Buyback Yield	0.07%
Shareholder Yield	4.3%

P/E Ratio (TTM)	59.73
Forward P/E	16.84
P/FCF	21.89
Earnings Yield	1.68%
FCF Yield	4.57%
ROE	2.88%
ROCE	3.94%
Profit Margin	3.65%
Operating Margin	6.84%
Gross Margin	43.88%