M.P. Evans Group
Website:
M.P. Evans Group
Index:
AIM
EPIC: MPE
Supersector:
Food, Beverage and Tobacco
Sector:
Food Producers
Subsector:
Farming and Fishing
Market Cap:
£920.64M
Payout Frequency: Semi-Annual
M.P. Evans Group Dividend Analysis and Summary
Dividend summary (ex-dividend date confirmed)
- Proposed final dividend: 42.0p per share (FY24: 37.5p)
- Total FY25 dividend: 60.0p per share (FY24: 52.5p), up +14.3%
- Interim paid: 18.0p on 07/11/2025
- Record date: 24/04/2026
- Ex-dividend date: 23/04/2026 (derived from the record date)
- Payment date: on or after 18/06/2026 (subject to AGM approval on 12/06/2026)
- Cash cost of proposed final: US$29.6m; dividends paid in 2025: US$38.7m
Analysis: sustainability and growth
- Coverage: FY25 EPS 161.3p vs DPS 60.0p ? dividend cover ~2.7x (payout ~37%). This is strong for a cyclical commodity producer.
- Cash support: Operating cash generation US$161.5m; year-end cash US$87.5m; no borrowings at year-end. The proposed final (US$29.6m) is comfortably covered by cash and operating inflow.
- Growth trajectory: DPS up +14.3% y/y, repeating the +7.5p step-up seen last year, consistent with a progressive dividend policy and a 35-year record of maintaining or increasing ordinary dividends.
- Earnings/outlook support: Record FY25 profit (EPS up 24% y/y) and an encouraging start to 2026 (own + scheme crop +10% in first two months; CPO tender prices ~US$860/t) underpin near-term dividend capacity.
Structural changes and capital allocation factors
- Accretive M&A: Acquisition of >3,000 planted hectares near Bumi Mas, now integrated and improving mill utilisation; further planting at Kota Bangun and Musi Rawas. This should support medium-term cash flow and dividend headroom.
- Balance sheet de-risked: Borrowings repaid; Group ended FY25 debt-free.
- Capital deployment: FY25 investing outflows (acquisitions ~US$20.5m; capex ~US$24.6m) executed alongside higher dividends and debt reduction—suggests disciplined allocation with room to sustain payouts.
- Buybacks: None in 2025 (FY24 buyback US$13.4m). Current emphasis appears to be on organic growth/M&A plus progressive dividends.
Risks and flags to dividend stability
- Commodity price volatility: DPS ultimately tied to CPO/PK prices; recent strength supportive but cyclical risk remains.
- Regulatory risk (Indonesia): “Satgas” compliance reviews/fines and potential land reclamation. Company reports no material impact to date, but this remains a watchpoint.
- Cost inflation: Potential increases in fuel/fertiliser (noted amid Middle East tensions) could pressure margins.
- FX exposure: Earnings/cash flows largely USD/IDR while dividends are in GBP; translation can affect sterling DPS affordability.
- Execution risk: Ongoing planting and acquisitions require capital and integration; while supportive of growth, they can compete for cash in weaker pricing environments.
Read more
M.P. Evans Group Annual Dividend Yield - 3.09%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 24/04/2025 |
19/06/2025 |
Final |
37.50p |
GBX |
| 09/10/2025 |
07/11/2025 |
Interim |
18.00p |
GBX |
Total (Annual Dividends Per Share):
55.50p
Dividend Yield =
Annual Dividends Per Share (55.50p)
÷ Share Price (1798p)
= 3.09%
M.P. Evans Group Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 23/04/2026 |
18/06/2026 |
Final |
42.0000p |
GBX |
| 09/10/2025 |
07/11/2025 |
Interim |
18.00p |
GBX |
| 24/04/2025 |
19/06/2025 |
Final |
37.50p |
GBX |
| 10/10/2024 |
01/11/2024 |
Interim |
15.00p |
GBX |
| 25/04/2024 |
19/06/2024 |
Final |
32.50p |
GBX |
| 12/10/2023 |
03/11/2023 |
Interim |
12.50p |
GBX |
| 27/04/2023 |
16/06/2023 |
Final |
30.0p |
GBX |
| 13/10/2022 |
04/11/2022 |
Interim |
12.50p |
GBX |
| 28/04/2022 |
17/06/2022 |
Final |
25.00p |
GBX |
| 27/01/2022 |
11/02/2022 |
Special |
5.00p |
GBX |
| 14/10/2021 |
05/11/2021 |
Interim |
10.0p |
GBX |
| 22/04/2021 |
18/06/2021 |
Final |
17.00p |
GBX |
| 15/10/2020 |
06/11/2020 |
Interim |
5.00p |
GBX |
| 23/04/2020 |
19/06/2020 |
Final |
12.75p |
GBX |
| 17/10/2019 |
01/11/2019 |
Interim |
5.00p |
GBX |
| 18/04/2019 |
21/06/2019 |
Final |
12.75p |
GBX |
| 18/10/2018 |
02/11/2018 |
Interim |
5.00p |
GBX |
| 19/04/2018 |
22/06/2018 |
Final |
12.75p |
GBX |
| 19/10/2017 |
03/11/2017 |
Interim |
5.00p |
GBX |
| 20/04/2017 |
23/06/2017 |
Final |
12.75p |
GBX |
| 30/03/2017 |
12/04/2017 |
Special |
10.0p |
GBX |
| 20/10/2016 |
04/11/2016 |
Interim |
2.25p |
GBX |
| 04/08/2016 |
17/08/2016 |
Special |
5.00p |
GBX |
| 21/04/2016 |
21/06/2016 |
Final |
6.50p |
GBX |
| 24/09/2015 |
03/11/2015 |
Interim |
2.25p |
GBX |
| 23/04/2015 |
18/06/2015 |
Final |
6.50p |
GBX |
| 24/09/2014 |
04/11/2014 |
Interim |
2.25p |
GBX |
| 23/04/2014 |
19/06/2014 |
Final |
6.00p |
GBX |
| 25/09/2013 |
04/11/2013 |
Interim |
2.25p |
GBX |
| Year |
Interim |
Final |
Special |
Currency |
Total |
Change |
| 2024 |
15.000 |
32.500 |
|
GBX |
47.500 |
11.760 |
| 2023 |
12.500 |
30.000 |
|
GBX |
42.500 |
0.000 |
| 2022 |
12.500 |
25.000 |
5.000 |
GBX |
42.500 |
57.400 |
| 2021 |
10.000 |
17.000 |
|
GBX |
27.000 |
52.110 |
| 2020 |
5.000 |
12.750 |
|
GBX |
17.750 |
0.000 |
| 2019 |
5.000 |
12.750 |
|
GBX |
17.750 |
0.000 |
| 2018 |
5.000 |
12.750 |
|
GBX |
17.750 |
-36.030 |
| 2017 |
5.000 |
12.750 |
10.000 |
GBX |
27.750 |
101.810 |
| 2016 |
2.250 |
6.500 |
5.000 |
GBX |
13.750 |
57.140 |
| 2015 |
2.250 |
6.500 |
|
GBX |
8.750 |
6.060 |
| 2014 |
2.250 |
6.000 |
|
GBX |
8.250 |
266.660 |
| 2013 |
2.250 |
|
|
GBX |
2.250 |
|
M.P. Evans Group Dividend Calculator
M.P. Evans Group Dividend Growth
| Dividend Growth (1Y) |
14.29%
|
| Dividend CAGR (5Y) |
22.22%
|
| Years of Growth |
2
|
| Payout Ratio |
34.83%
|
| Buyback Yield |
1.39%
|
| Shareholder Yield |
4.8%
|
| P/E Ratio (TTM) | 11.25 |
|---|
| Forward P/E | 12.8 |
|---|
| P/FCF | 11.02 |
|---|
| Earnings Yield | 8.97% |
|---|
| FCF Yield | 9.08% |
|---|
| ROE | 19.84% |
|---|
| ROCE | 21.86% |
|---|
| Profit Margin | 29.96% |
|---|
| Operating Margin | 37.09% |
|---|
| Gross Margin | 38.3% |
|---|