Robinson

Website: Robinson
Index: AIM
EPIC: RBN
Supersector: Industrial Goods and Services
Sector: General Industrials
Subsector: Containers and Packaging
Market Cap: £21.78M
Payout Frequency: Semi-Annual

Robinson Dividend Analysis and Summary

Declared dividend and key dates

Final dividend: 3.5p per share (unchanged vs 2024)
Total dividend for FY2025: 6.0p per share (unchanged vs 2024)
Ex-dividend date: 04/06/2026
Record date: 05/06/2026
Payment date: 19/06/2026
Dividend cover (EPS basis): c. 2.3x (EPS 13.6p vs DPS 6.0p; payout c. 44%)
Estimated cash cost of dividend: c. £1.0m (dividends paid in 2025: £0.98m)

Short analysis: sustainability and growth trajectory

Coverage and earnings support: The flat total DPS of 6.0p is well covered by reported EPS (2.3x). Underlying operating profit rose to £3.6m with gross margin up to 22%, and the underlying operating margin (~6.4%) sits within the Group’s 6–8% target range—supportive for maintaining the dividend.
Cash flow and balance sheet: Operating cash flow of £5.3m comfortably covers the c.£1.0m dividend, though after capex of £4.4m coverage is tighter and partly aided by £1.0m property disposal proceeds. Net debt is modest at £5.4m with £19.3m of facilities, providing liquidity headroom.
Outlook for growth: Management guides 2026 underlying operating profit to be slightly lower due to investment and reduced rental income, which suggests limited near-term dividend growth. Medium-term prospects (new PET capacity, UK pipeline, organisational improvements) could support dividend growth beyond 2026 as returns from investment come through.

Dividends Used in Calculation:

Ex-Dividend Date	Payment Date	Type	Amount	Currency
05/06/2025	20/06/2025	Final	3.50p	GBX
18/09/2025	10/10/2025	Interim	2.50p	GBX

Total (Annual Dividends Per Share): 6.00p

Dividend Yield = Annual Dividends Per Share (6.00p) ÷ Share Price (130p) = 4.62%

Ex Dividend Date	Payment Date	Type	Amount	Currency
04/06/2026	19/06/2026	Final	3.5000p	GBX
18/09/2025	10/10/2025	Interim	2.50p	GBX
05/06/2025	20/06/2025	Final	3.50p	GBX
19/09/2024	11/10/2024	Interim	2.50p	GBX
06/06/2024	21/06/2024	Final	3.00p	GBX
21/09/2023	13/10/2023	Interim	2.50p	GBX
06/07/2023	21/07/2023	Final	3.00p	GBX
22/09/2022	14/10/2022	Interim	2.50p	GBX
30/06/2022	15/07/2022	Final	3.00p	GBX
09/09/2021	08/10/2021	Interim	2.50p	GBX
01/07/2021	16/07/2021	Final	3.00p	GBX
03/09/2020	01/10/2020	2nd Interim	2.00p	GBX
09/07/2020	30/07/2020	Interim	3.50p	GBX
09/07/2020	30/07/2020	1st Interim	3.50p	GBX
29/08/2019	01/10/2019	Final	2.50p	GBX
29/08/2019	01/10/2019	Interim	2.50p	GBX
16/05/2019	03/06/2019	Final	3.00p	GBX
30/08/2018	01/10/2018	Interim	2.50p	GBX
17/05/2018	01/06/2018	Final	3.00p	GBX
31/08/2017	02/10/2017	Interim	2.50p	GBX
18/05/2017	01/06/2017	Final	3.00p	GBX
25/08/2016	03/10/2016	Interim	2.50p	GBX
12/05/2016	01/06/2016	Final	3.00p	GBX
27/08/2015	01/10/2015	Interim	2.50p	GBX
14/05/2015	08/06/2015	Final	2.75p	GBX
27/08/2014	01/10/2014	Interim	2.25p	GBX
14/05/2014	02/06/2014	Final	2.50p	GBX
28/08/2013	01/10/2013	Interim	2.00p	GBX

Year	Interim	Final	Currency	Total	Change
2024	2.500	3.000	GBX	5.500	0.000
2023	2.500	3.000	GBX	5.500	0.000
2022	2.500	3.000	GBX	5.500	0.000
2021	2.500	3.000	GBX	5.500	-38.880
2020	3.500		GBX	9.000	12.500
2019	2.500	5.500	GBX	8.000	45.450
2018	2.500	3.000	GBX	5.500	0.000
2017	2.500	3.000	GBX	5.500	0.000
2016	2.500	3.000	GBX	5.500	4.760
2015	2.500	2.750	GBX	5.250	10.520
2014	2.250	2.500	GBX	4.750	137.500
2013	2.000		GBX	2.000

Number of Shares:

Payment	Paid	Amount
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