Rightmove
Website:
Rightmove
Index:
FTSE 100
EPIC: RMV
Supersector:
Technology
Sector:
Software and Computer Services
Subsector:
Computer Services
Market Cap:
£3.27B
Payout Frequency: Semi-Annual
Rightmove Dividend Analysis and Summary
Dividend Snapshot
- Final dividend per share: 6.59p (up 8% YoY)
- Total FY2025 dividend: 10.64p (up 9% YoY)
- Record date: 24/04/2026
- Ex-dividend date: 23/04/2026 (derived as one business day before record date)
- Payment date: 22/05/2026
- Cash cost of final dividend: c.£49.5m
- Indicative trailing yield: ~2.0% (10.64p on 520p year-end share price; actual yield varies with market price)
Coverage and Cash Support
- Earnings cover: ~2.6x (FY2025 basic EPS 28.1p vs total DPS 10.64p); underlying EPS cover ~2.7x (29.1p).
- Cash cover: >3x (net cash from operations £236m vs 2025 dividends paid £78.6m); business remains debt-free with year-end cash and deposits of £42.9m.
- Profitability: Operating margin 68% (underlying 70%), indicating strong capacity to fund dividends and buybacks.
Dividend Policy, Growth and Outlook
- Board reiterates a progressive dividend policy linked to earnings growth; FY2025 total DPS rose 9%.
- 2026 guidance: revenue +8–10%, underlying operating profit +3–5% (margin ~67%) and underlying EPS growth of at least 5%. Investment step-up may temper near-term dividend growth but remains well covered.
- Capital returns augmented by a new £90m share buyback (to 31/07/2026), following £219.7m returned in 2025; buybacks (c.2.7–3% share count reduction in 2025) support per-share dividend sustainability.
Structural/Capital Allocation Updates Relevant to Dividends
- Share buyback: Restarted with £90m program (Mar–Jul 2026), funded by opening cash and operating cash flow; management targets ~£20m cash balance at 30/06/2026.
- No demergers, major M&A or share consolidation announced that would alter dividend mechanics.
- Capital allocation priority unchanged: organic investment first, value-accretive M&A considered, and surplus cash returned via progressive dividends and buybacks.
Risks and Flags for Dividend Stability
- Near-term margin pressure: 2026 is an investment year (margin expected to dip to ~67%), which could moderate dividend growth, though cover remains robust.
- End-market sensitivity: Exposure to UK housing transactions and New Homes activity; a weaker market could soften ARPA and discretionary product spend.
- Competitive/tech risks: Management cites AI/tech disruption and cyber threats; however, platform share and data moat are currently strong.
- Working cash levels: Planned buybacks and dividends reduce mid-year cash (to ~£20m), but the group is debt-free and highly cash-generative.
- Legal: Notice of a potential claim received (no provision; impact currently uncertain but flagged).
Read more
Rightmove Annual Dividend Yield - 2.36%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 24/04/2025 |
23/05/2025 |
Final |
6.10p |
GBX |
| 24/09/2025 |
24/10/2025 |
Interim |
4.0500p |
GBX |
Total (Annual Dividends Per Share):
10.15p
Dividend Yield =
Annual Dividends Per Share (10.15p)
÷ Share Price (429.3p)
= 2.36%
Rightmove Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 23/04/2026 |
22/05/2026 |
Final |
6.5900p |
GBX |
| 24/09/2025 |
24/10/2025 |
Interim |
4.0500p |
GBX |
| 24/04/2025 |
23/05/2025 |
Final |
6.10p |
GBX |
| 26/09/2024 |
25/10/2024 |
Interim |
3.70p |
GBX |
| 25/04/2024 |
24/05/2024 |
Final |
5.70p |
GBX |
| 28/09/2023 |
27/10/2023 |
Interim |
3.60p |
GBX |
| 27/04/2023 |
26/05/2023 |
Final |
5.20p |
GBX |
| 29/09/2022 |
28/10/2022 |
Interim |
3.30p |
GBX |
| 28/04/2022 |
27/05/2022 |
Final |
4.80p |
GBX |
| 30/09/2021 |
29/10/2021 |
Interim |
3.00p |
GBX |
| 29/04/2021 |
28/05/2021 |
Final |
4.50p |
GBX |
| 30/04/2020 |
29/05/2020 |
Final |
4.40p |
GBX |
| 03/10/2019 |
01/11/2019 |
Interim |
2.80p |
GBX |
| 02/05/2019 |
31/05/2019 |
Final |
4.00p |
GBX |
| 04/10/2018 |
02/11/2018 |
Interim |
2.50p |
GBX |
| 03/05/2018 |
01/06/2018 |
Final |
36.00p |
GBX |
| 05/10/2017 |
03/11/2017 |
Interim |
22.00p |
GBX |
| 04/05/2017 |
02/06/2017 |
Final |
32.00p |
GBX |
| 06/10/2016 |
04/11/2016 |
Interim |
19.00p |
GBX |
| 05/05/2016 |
03/06/2016 |
Final |
27.00p |
GBX |
| 08/10/2015 |
06/11/2015 |
Interim |
16.00p |
GBX |
| 07/05/2015 |
05/06/2015 |
Final |
22.00p |
GBX |
| 09/10/2014 |
07/11/2014 |
Interim |
13.00p |
GBX |
| 07/05/2014 |
06/06/2014 |
Final |
17.00p |
GBX |
| 09/10/2013 |
08/11/2013 |
Interim |
11.00p |
GBX |
| Year |
Interim |
Final |
Currency |
Total |
Change |
| 2024 |
3.700 |
5.700 |
GBX |
9.400 |
6.810 |
| 2023 |
3.600 |
5.200 |
GBX |
8.800 |
8.640 |
| 2022 |
3.300 |
4.800 |
GBX |
8.100 |
8.000 |
| 2021 |
3.000 |
4.500 |
GBX |
7.500 |
70.450 |
| 2020 |
|
4.400 |
GBX |
4.400 |
-35.290 |
| 2019 |
2.800 |
4.000 |
GBX |
6.800 |
-82.330 |
| 2018 |
2.500 |
36.000 |
GBX |
38.500 |
-28.700 |
| 2017 |
22.000 |
32.000 |
GBX |
54.000 |
17.390 |
| 2016 |
19.000 |
27.000 |
GBX |
46.000 |
21.050 |
| 2015 |
16.000 |
22.000 |
GBX |
38.000 |
26.660 |
| 2014 |
13.000 |
17.000 |
GBX |
30.000 |
172.720 |
| 2013 |
11.000 |
|
GBX |
11.000 |
|
Rightmove Dividend Calculator
Rightmove Dividend Growth
| Dividend Growth (1Y) |
8.57%
|
| Dividend CAGR (5Y) |
18.78%
|
| Years of Growth |
19
|
| Payout Ratio |
36.19%
|
| Buyback Yield |
2.18%
|
| Shareholder Yield |
4.63%
|
| P/E Ratio (TTM) | 15.69 |
|---|
| Forward P/E | 14.35 |
|---|
| P/FCF | 14.03 |
|---|
| Earnings Yield | 6.57% |
|---|
| FCF Yield | 7.13% |
|---|
| ROE | 266.08% |
|---|
| ROCE | 328.48% |
|---|
| Profit Margin | 51.06% |
|---|
| Operating Margin | 67.71% |
|---|
| Gross Margin | 100% |
|---|