Hays
Website:
Hays
Index:
FTSE 250
EPIC: HAS
Supersector:
Industrial Goods and Services
Sector:
Support Services
Subsector:
Business Training and Employment Agencies
Market Cap:
£554.26M
Payout Frequency: Semi-Annual
Hays Dividend Analysis and Summary
Key Dividend Details
- Dividend: 0.15 pence per share (interim)
- Ex-dividend date: 12/03/2026 (derived from record date)
- Record date: 13/03/2026
- Payment date: 23/04/2026
- Coverage: 3x FY25 pre-exceptional earnings cover
- Policy: Applies the historic one-third (interim) / two-thirds (final) split
- DRIP: Available via Equiniti; election deadline 30/03/2026
Dividend Sustainability and Growth Outlook
- The stated 3x earnings cover indicates a conservative payout and good near-term sustainability, with ample headroom against FY25 earnings.
- The small absolute DPS (0.15p) signals a cautious stance aligned to earnings conditions; growth will likely track operational recovery.
- Given the one-third/two-thirds policy, the interim implies—if maintained—a potential final dividend roughly ~0.30p (2x interim), for a notional full-year total of ~0.45p, subject to FY26 performance and Board decisions.
- No buyback or special distribution is mentioned; the DRIP option provides flexibility for shareholders and can modestly conserve cash, consistent with a disciplined capital allocation posture.
Structural or Policy Factors Affecting Future Dividends
- No structural changes (e.g., M&A, demerger, share consolidation) are announced in this RNS.
- Dividend policy remains earnings-linked with explicit cover and the traditional split, implying variability with trading conditions rather than a fixed progressive dividend commitment.
Risks and Flags to Dividend Stability
- Business cyclicality: As a recruitment group, earnings are sensitive to hiring cycles and macro conditions; weaker demand could pressure the final dividend under the earnings-linked framework.
- Policy flexibility: The emphasis on cover suggests the payout can be adjusted down if earnings soften, limiting visibility on growth.
- Scale of interim: The low interim base versus historical levels may reflect subdued profitability; any further deterioration could cap FY26 distributions.
Read more
Hays Annual Dividend Yield - 3.59%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 27/02/2025 |
09/04/2025 |
Interim |
0.95p |
GBX |
| 16/10/2025 |
26/11/2025 |
Final |
0.29p |
GBX |
Total (Annual Dividends Per Share):
1.24p
Dividend Yield =
Annual Dividends Per Share (1.24p)
÷ Share Price (34.5p)
= 3.59%
Hays Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 12/03/2026 |
23/04/2026 |
Interim |
0.1500p |
GBX |
| 16/10/2025 |
26/11/2025 |
Final |
0.29p |
GBX |
| 27/02/2025 |
09/04/2025 |
Interim |
0.95p |
GBX |
| 17/10/2024 |
25/11/2024 |
Final |
2.05p |
GBX |
| 29/02/2024 |
09/04/2024 |
Interim |
0.95p |
GBX |
| 05/10/2023 |
17/11/2023 |
Special |
2.24p |
GBX |
| 05/10/2023 |
17/11/2023 |
Final |
2.05p |
GBX |
| 02/03/2023 |
11/04/2023 |
Interim |
0.95p |
GBX |
| 29/09/2022 |
11/11/2022 |
Special |
7.34p |
GBX |
| 29/09/2022 |
11/11/2022 |
Final |
1.90p |
GBX |
| 03/03/2022 |
08/04/2022 |
Interim |
0.95p |
GBX |
| 30/09/2021 |
12/11/2021 |
Interim |
1.22p |
GBX |
| 30/09/2021 |
12/11/2021 |
Special |
8.93p |
GBX |
| 05/03/2020 |
09/04/2020 |
Interim |
1.11p |
GBX |
| 03/10/2019 |
15/11/2019 |
Special |
5.43p |
GBX |
| 03/10/2019 |
15/11/2019 |
Final |
2.86p |
GBX |
| 07/03/2019 |
12/04/2019 |
Interim |
1.11p |
GBX |
| 04/10/2018 |
16/11/2018 |
Special |
5.00p |
GBX |
| 04/10/2018 |
16/11/2018 |
Final |
2.75p |
GBX |
| 01/03/2018 |
12/04/2018 |
Interim |
1.06p |
GBX |
| 05/10/2017 |
17/11/2017 |
Special |
4.25p |
GBX |
| 05/10/2017 |
17/11/2017 |
Final |
2.26p |
GBX |
| 02/03/2017 |
07/04/2017 |
Interim |
0.96p |
GBX |
| 13/10/2016 |
11/11/2016 |
Final |
1.99p |
GBX |
| 03/03/2016 |
05/04/2016 |
Interim |
0.91p |
GBX |
| 08/10/2015 |
13/11/2015 |
Final |
1.89p |
GBX |
| 05/03/2015 |
08/04/2015 |
Interim |
0.87p |
GBX |
| 09/10/2014 |
14/11/2014 |
Final |
1.80p |
GBX |
| 05/03/2014 |
09/04/2014 |
Interim |
0.83p |
GBX |
| Year |
Interim |
Final |
Special |
Currency |
Total |
Change |
| 2024 |
0.950 |
2.050 |
|
GBX |
3.000 |
-42.740 |
| 2023 |
0.950 |
2.050 |
2.240 |
GBX |
5.240 |
-48.570 |
| 2022 |
0.950 |
1.900 |
7.340 |
GBX |
10.190 |
0.390 |
| 2021 |
1.220 |
|
8.930 |
GBX |
10.150 |
814.410 |
| 2020 |
1.110 |
|
|
GBX |
1.110 |
-88.190 |
| 2019 |
1.110 |
2.860 |
5.430 |
GBX |
9.400 |
6.690 |
| 2018 |
1.060 |
2.750 |
5.000 |
GBX |
8.810 |
17.930 |
| 2017 |
0.960 |
2.260 |
4.250 |
GBX |
7.470 |
157.580 |
| 2016 |
0.910 |
1.990 |
|
GBX |
2.900 |
5.070 |
| 2015 |
0.870 |
1.890 |
|
GBX |
2.760 |
4.940 |
| 2014 |
0.830 |
1.800 |
|
GBX |
2.630 |
|
Hays Dividend Calculator
Hays Dividend Growth
| Dividend Growth (1Y) |
-85.33%
|
| Dividend CAGR (5Y) |
-46.62%
|
| Years of Growth |
–
|
| Payout Ratio |
–
|
| Buyback Yield |
-0.45%
|
| Shareholder Yield |
0.4%
|
| P/E Ratio (TTM) | – |
|---|
| Forward P/E | 28.67 |
|---|
| P/FCF | 5.67 |
|---|
| Earnings Yield | -1.89% |
|---|
| FCF Yield | 17.63% |
|---|
| ROE | -2.2% |
|---|
| ROCE | 5.64% |
|---|
| Profit Margin | -0.16% |
|---|
| Operating Margin | 0.63% |
|---|
| Gross Margin | 3.47% |
|---|