Savills

Savills Dividend Analysis and Summary

• Proposed final ordinary dividend: 15.7p per share
• Declared supplemental dividend: 10.7p per share
• Combined final payment: 26.4p per share
• Total FY25 dividend (interim + final + supplemental): 33.8p per share (FY24: 30.2p; +11.9%)
• Interim dividend already paid: 7.4p per share on 29/09/2025
• Record date: 10/04/2026 ? Ex-dividend date: 09/04/2026
• Payment date: 18/05/2026
• Approval: Final ordinary dividend subject to AGM on 13/05/2026; supplemental already declared
• Cash amounts (company disclosure): Final c. £21.8m, supplemental c. £14.8m (aggregate c. £36.6m)
• Dividend cover: 2.28x on underlying EPS (77.2p); 1.54x on reported EPS (52.0p)

• Coverage and policy headroom: FY25 DPS of 33.8p is covered 2.28x by underlying EPS and 1.54x by reported EPS, aligning with the Group’s stated cap (max distribution subject to at least 2.0x underlying EPS cover or 1.5x statutory EPS cover). Payout ratio ˜44% of underlying earnings, leaving headroom.
• Earnings and cash support: Underlying PBT up 11%, underlying EPS up 17% to 77.2p; strong operating cash flow (£172.3m) and year-end net cash of £167.7m underpin distributions. Low leverage policy and ample undrawn facilities (c. £414.6m) further support.
• Resilience of ordinary dividend: The “bifurcated” policy ties the progressive ordinary dividend to maintainable Less Transactional earnings (Property & FM, Consultancy, Investment Management), which delivered solid growth and profit expansion in FY25.
• Growth trajectory: Total DPS rose +11.9% (ordinary +7% and supplemental +24%). With underlying EPS growing faster than DPS, coverage improved—constructive for continued ordinary dividend progression, while the supplemental flexes with Transaction Advisory performance.