Morgan Sindall

Website: Morgan Sindall
Index: FTSE 250
EPIC: MGNS
Supersector: Construction and Materials
Sector: Construction and Materials
Subsector: Heavy Construction
Market Cap: £2.09B
Payout Frequency: Semi-Annual

Next Morgan Sindall Dividend

Morgan Sindall next goes ex-dividend on 14/05/2026. This will be the Final dividend for 2026.

The dividend per share amount is 108.0000p (GBP) and the payment date is 04/06/2026.

Dividend summary (Morgan Sindall Group PLC)

Declared dividend: Final dividend of 108.0p per share (subject to AGM approval)
Total dividend for FY2025: 158.0p per share (+20% YoY; FY2024: 131.5p)
Interim dividend: 50.0p; Final dividend: 108.0p
Ex-dividend date: 14/05/2026
Record date: 15/05/2026
Payment date: 04/06/2026
Dividend cover (FY2025): 2.4x (adjusted EPS 370.0p vs DPS 158.0p)
Stated dividend policy: maintain annual cover of 2.0x–2.5x
Yield: not stated in the RNS (depends on prevailing share price)

Focused analysis: sustainability and growth

Sustainability: The 20% DPS increase is backed by strong FY2025 results (adjusted PBT +35%, adjusted EPS +33%) and a robust net cash position of £531m with average daily net cash of £368m; management guides to >£400m average daily net cash in 2026. Cover at 2.4x sits within policy, indicating prudent headroom.
Earnings outlook: 2026 guidance is “in line with revised expectations.” Fit Out is expected to be lower than 2025 but still well above its medium-term profit range; Construction and Infrastructure margins are guided to be mid-range. Mixed Use Partnerships expects modest 2026 profits and Partnership Housing continues to invest, suggesting dividend growth may normalise after the 2025 step-up but should remain well supported.
Cash and capital allocation: The Board reiterates a strong balance sheet and net cash ‘buffer’ as core to strategy. Ordinary dividends are prioritised within a 2.0x–2.5x cover, with special returns considered only if surplus cash remains after investment needs. Ongoing investment in Partnerships (capital employed rising) may temper scope for outsized special distributions near term, but supports durable cash generation over time.

Dividends Used in Calculation:

Ex-Dividend Date	Payment Date	Type	Amount	Currency
24/04/2025	15/05/2025	Final	90.00p	GBX
02/10/2025	23/10/2025	Interim	50.00p	GBX

Total (Annual Dividends Per Share): 140.00p

Dividend Yield = Annual Dividends Per Share (140.00p) ÷ Share Price (4385p) = 3.19%

Ex Dividend Date	Payment Date	Type	Amount	Currency
14/05/2026	04/06/2026	Final	108.0000p	GBX
02/10/2025	23/10/2025	Interim	50.00p	GBX
24/04/2025	15/05/2025	Final	90.00p	GBX
03/10/2024	24/10/2024	Interim	41.50p	GBX
25/04/2024	16/05/2024	Final	78.00p	GBX
05/10/2023	26/10/2023	Interim	36.00p	GBX
27/04/2023	18/05/2023	Final	68.00p	GBX
06/10/2022	26/10/2022	Interim	33.00p	GBX
28/04/2022	18/05/2022	Final	62.00p	GBX
07/10/2021	26/10/2021	Interim	30.00p	GBX
29/04/2021	19/05/2021	Final	40.00p	GBX
12/11/2020	08/12/2020	Interim	21.00p	GBX
23/04/2020	19/05/2020	Final	38.00p	GBX
10/10/2019	28/10/2019	Interim	21.00p	GBX
25/04/2019	20/05/2019	Final	34.00p	GBX
11/10/2018	29/10/2018	Interim	19.00p	GBX
26/04/2018	21/05/2018	Final	29.00p	GBX
12/10/2017	30/10/2017	Interim	16.00p	GBX
27/04/2017	22/05/2017	Final	22.00p	GBX
13/10/2016	24/10/2016	Interim	13.00p	GBX
28/04/2016	23/05/2016	Final	17.00p	GBX
01/10/2015	23/10/2015	Interim	12.00p	GBX
30/04/2015	29/05/2015	Final	15.00p	GBX
01/10/2014	23/10/2014	Interim	12.00p	GBX
30/04/2014	23/05/2014	Final	15.00p	GBX
25/09/2013	24/10/2013	Interim	12.00p	GBX

Year	Interim	Final	Currency	Total	Change
2024	41.500	78.000	GBX	119.500	14.900
2023	36.000	68.000	GBX	104.000	9.470
2022	33.000	62.000	GBX	95.000	35.710
2021	30.000	40.000	GBX	70.000	18.640
2020	21.000	38.000	GBX	59.000	7.270
2019	21.000	34.000	GBX	55.000	14.580
2018	19.000	29.000	GBX	48.000	26.310
2017	16.000	22.000	GBX	38.000	26.660
2016	13.000	17.000	GBX	30.000	11.110
2015	12.000	15.000	GBX	27.000	0.000
2014	12.000	15.000	GBX	27.000	125.000
2013	12.000		GBX	12.000

Number of Shares:

Payment	Paid	Amount
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