Keller Group

Website: Keller Group
Index: FTSE 250
EPIC: KLR
Supersector: Construction and Materials
Sector: Construction and Materials
Subsector: Heavy Construction
Market Cap: £1.46B
Payout Frequency: Semi-Annual

Next Keller Group Dividend

Keller Group next goes ex-dividend on 28/05/2026. This will be the Final dividend for 2026.

The dividend per share amount is 52.1000p (GBP) and the payment date is 26/06/2026.

Key Dividend Details

Final dividend: 52.1p per share (FY25)
Ex-dividend date: 28/05/2026 (derived from record date)
Record date: 29/05/2026
Payment date: 26/06/2026
Interim dividend (FY25): 18.3p
Total dividend for FY25: 70.4p (up 41.6% vs 49.7p in FY24)
Dividend cover (underlying): 3.0x (underlying diluted EPS 211.3p)
Dividend policy: enhanced, targeting cover of 2.5x–3.5x with a progressive dividend
Cash cost and capacity: proposed final dividend cost £35.9m; distributable reserves £274.0m
Share buybacks: intention to launch a further £100m buyback in 2026; £38.9m returned via buybacks in 2025 (c.£44m to 2 Mar 2026)

Analysis: Sustainability and Growth

Covers and cash generation support: Cover at 3.0x sits mid-range of the new policy. Free cash flow of £175.9m and operating cash conversion of 108% indicate strong dividend capacity.
Balance sheet strength: Net cash (IAS 17 basis) of £59.7m; low leverage (statutory net debt £28.9m, leverage ~0.1x) and undrawn RCF of £400m provide ample headroom.
Earnings quality: Underlying EPS up 5.7%; margin held at 7.1%; ROCE at a 17-year high of 30.7%. Order book of £1.54bn with good tendering visibility into 2026 underpins near-term earnings.
Growth trajectory: The FY25 total DPS “step change” aligns with the enhanced policy; with mid-cycle cover and ongoing buybacks, DPS growth looks well-supported if cash generation remains robust.

Dividends Used in Calculation:

Ex-Dividend Date	Payment Date	Type	Amount	Currency
22/05/2025	20/06/2025	Final	33.10p	GBX
14/08/2025	12/09/2025	Interim	18.30p	GBX

Total (Annual Dividends Per Share): 51.40p

Dividend Yield = Annual Dividends Per Share (51.40p) ÷ Share Price (2095p) = 2.45%

Ex Dividend Date	Payment Date	Type	Amount	Currency
28/05/2026	26/06/2026	Final	52.1000p	GBX
14/08/2025	12/09/2025	Interim	18.30p	GBX
22/05/2025	20/06/2025	Final	33.10p	GBX
15/08/2024	13/09/2024	Interim	16.60p	GBX
30/05/2024	28/06/2024	Final	31.30p	GBX
17/08/2023	08/09/2023	Interim	13.90p	GBX
01/06/2023	23/06/2023	Final	24.50p	GBX
18/08/2022	09/09/2022	Interim	13.20p	GBX
01/06/2022	01/07/2022	Final	23.30p	GBX
19/08/2021	10/09/2021	Interim	12.60p	GBX
03/06/2021	25/06/2021	Final	23.30p	GBX
26/11/2020	18/12/2020	Interim	12.60p	GBX
22/08/2020	16/09/2020	Interim	12.60p	GBX
30/07/2020	21/08/2020	Special	2.30p	GBX
30/07/2020	21/08/2020	Final	21.00p	GBX
04/06/2020	26/06/2020	Special	2.30p	GBX
04/06/2020	26/06/2020	Final	25.10p	GBX
22/08/2019	16/09/2019	Interim	12.60p	GBX
30/05/2019	21/06/2019	Final	23.90p	GBX
09/08/2018	03/09/2018	Interim	12.00p	GBX
31/05/2018	22/06/2018	Final	24.50p	GBX
10/08/2017	05/09/2017	Interim	9.70p	GBX
18/05/2017	09/06/2017	Final	19.25p	GBX
01/09/2016	30/09/2016	Interim	9.25p	GBX
19/05/2016	10/06/2016	Final	18.30p	GBX
13/08/2015	04/09/2015	Interim	8.80p	GBX
12/03/2015	08/06/2015	Final	16.80p	GBX
13/08/2014	05/09/2014	Interim	8.40p	GBX
04/06/2014	13/06/2014	Final	16.00p	GBX
09/10/2013	01/11/2013	Interim	8.00p	GBX

Year	Interim	Final	Special	Currency	Total	Change
2024	16.600	31.300		GBX	47.900	24.730
2023	13.900	24.500		GBX	38.400	5.200
2022	13.200	23.300		GBX	36.500	1.670
2021	12.600	23.300		GBX	35.900	-52.700
2020	25.200	46.100	4.600	GBX	75.900	107.940
2019	12.600	23.900		GBX	36.500	0.000
2018	12.000	24.500		GBX	36.500	26.070
2017	9.700	19.250		GBX	28.950	5.080
2016	9.250	18.300		GBX	27.550	213.060
2015	8.800			GBX	8.800	-78.640
2014	8.400	32.800		GBX	41.200	415.000
2013	8.000			GBX	8.000

Number of Shares:

Payment	Paid	Amount
Next	–	–
Previous	–	–