QinetiQ Group

Website: QinetiQ Group
Index: FTSE 250
EPIC: QQ.
Supersector: Industrial Goods and Services
Sector: Aerospace and Defense
Subsector: Defense
Market Cap: £2.61B
Payout Frequency: Semi-Annual

QinetiQ Group Dividend Analysis and Summary

Key Dividend Details
  • Final dividend per share: 8.00p (FY25: 6.05p)
  • Full-year dividend: 11.00p (FY25: 8.85p), +24% year-on-year
  • Ex-dividend date: 23/07/2026
  • Record date: 24/07/2026
  • Payment date: 20/08/2026
  • Payout policy: new target of 35–40% of underlying EPS
  • FY26 underlying EPS: 31.5p; dividend implies c.35% payout, coverage c.2.9x
  • Statutory EPS: 20.1p (statutory cover c.1.8x)
  • Buybacks: additional £200m extension over two years from March 2027; c.£81.9m remaining on current commitment to be completed by end-FY27; c.61m shares repurchased to date for c.£268.1m
Dividend Sustainability and Growth Outlook
  • Coverage and cash generation: FY26 free cash flow £159m (+41%); guidance of >£550m FCF over FY27–FY29 provides ample headroom to fund both dividends and buybacks. Leverage remains low at 0.5x.
  • Earnings momentum: Underlying EPS up 21% to 31.5p in FY26; FY27 guidance for EPS growth of 8–10% with cash conversion >90% supports continued DPS growth within the new payout range.
  • Visibility: Record backlog of £4.8bn and key long-term contracts (e.g., LTPA extension to 2033) underpin multi-year revenue and cash flow, bolstering dividend sustainability.
  • Trajectory: The 24% uplift effectively aligns the dividend to the 35–40% payout target. With mid- to high-single-digit EPS growth guided, DPS can grow commensurately while maintaining strong cover; ongoing buybacks further enhance per-share capacity.
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QinetiQ Group Annual Dividend Yield - 1.76%

Dividends Used in Calculation:

Ex-Dividend Date Payment Date Type Amount Currency
08/01/2025 07/02/2025 Interim 2.80p GBX
24/07/2025 21/08/2025 Final 6.05p GBX

Total (Annual Dividends Per Share): 8.85p

Dividend Yield = Annual Dividends Per Share (8.85p) ÷ Share Price (503.5p) = 1.76%

QinetiQ Group Dividend History

Ex Dividend Date Payment Date Type Amount Currency
08/01/2026 06/02/2026 Interim 3.0000p GBX
24/07/2025 21/08/2025 Final 6.05p GBX
08/01/2025 07/02/2025 Interim 2.80p GBX
25/07/2024 22/08/2024 Final 5.65p GBX
03/01/2024 02/02/2024 Interim 2.60p GBX
27/07/2023 24/08/2023 Final 5.30p GBX
05/01/2023 03/02/2023 Interim 2.40p GBX
28/07/2022 25/08/2022 Final 5.00p GBX
06/01/2022 04/02/2022 Interim 2.30p GBX
29/07/2021 26/08/2021 Final 4.70p GBX
07/01/2021 05/02/2021 2nd Interim 2.20p GBX
08/10/2020 16/11/2020 Special 4.40p GBX
08/10/2020 16/11/2020 Interim 4.40p GBX
09/01/2020 07/02/2020 Interim 2.20p GBX
01/08/2019 30/08/2019 Final 4.50p GBX
10/01/2019 08/02/2019 Interim 2.10p GBX
02/08/2018 31/08/2018 Final 4.20p GBX
11/01/2018 09/02/2018 Interim 2.10p GBX
03/08/2017 01/09/2017 Final 4.00p GBX
12/01/2017 10/02/2017 Interim 2.00p GBX
04/08/2016 02/09/2016 Final 3.80p GBX
14/01/2016 12/02/2016 Interim 1.90p GBX
06/08/2015 04/09/2015 Final 3.60p GBX
15/01/2015 13/02/2015 Interim 1.80p GBX
06/08/2014 05/09/2014 Final 3.20p GBX
15/01/2014 14/02/2014 Interim 1.40p GBX
07/08/2013 06/09/2013 Final 2.70p GBX
16/01/2013 15/02/2013 Interim 1.10p GBX
Year Interim Final Special Currency Total Change
2024 2.600 5.650 GBX 8.250 7.140
2023 2.400 5.300 GBX 7.700 5.470
2022 2.300 5.000 GBX 7.300 5.790
2021 4.700 GBX 6.900 -37.270
2020 6.600 4.400 GBX 11.000 66.660
2019 2.100 4.500 GBX 6.600 4.760
2018 2.100 4.200 GBX 6.300 5.000
2017 2.000 4.000 GBX 6.000 5.260
2016 1.900 3.800 GBX 5.700 5.550
2015 1.800 3.600 GBX 5.400 17.390
2014 1.400 3.200 GBX 4.600 21.050
2013 1.100 2.700 GBX 3.800

QinetiQ Group Dividend Calculator

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