Tate & Lyle
Website:
Tate & Lyle
Index:
FTSE 250
EPIC: TATE
Supersector:
Food, Beverage and Tobacco
Sector:
Food Producers
Subsector:
Food Products
Market Cap:
£1.73B
Payout Frequency: Semi-Annual
Next Tate & Lyle Dividend
Tate & Lyle next goes ex-dividend on 20/11/2025. This will be the Interim dividend for 2025.
The dividend per share amount is 6.6000p (GBP) and the payment date is 05/01/2026.
Tate & Lyle Dividend Analysis and Summary
Key Dividend Details
- Dividend type: Interim
- Amount: 6.6p per share (vs 6.4p in 2024; +~3.1%)
- Policy: Interim set at one third of the prior full-year dividend
- Implied prior-year full-year dividend: ~19.8p
- Ex-dividend date: 20/11/2025 (derived from record date)
- Record date: 21/11/2025
- Payment date: 05/01/2026
- DRIP: Available via www.shareview.co.uk/info/drip
Context and Policy Signposts
- The Board reaffirms its policy linking the interim to one third of the prior year’s full-year dividend, indicating a disciplined, formula-based approach.
- Interim uplift to 6.6p signals cautious, incremental dividend growth.
Short Analysis: Sustainability and Growth
- Sustainability: The formulaic policy supports predictability and suggests the interim is well-aligned with prior-year distributions. Without current-period cash flow metrics disclosed here, coverage cannot be quantified from this RNS alone. However, the modest increase and policy discipline point to a manageable payout trajectory.
- Growth trajectory: ~3% interim increase implies steady, not aggressive, dividend growth. This leaves room for reinvestment while maintaining shareholder returns.
- Support from financial performance/capital allocation: The company notes an enlarged group post-CP Kelco acquisition and pro forma revenue of £2.12bn (FY to 31/03/2025). Management’s adherence to the dividend formula alongside ongoing integration suggests a balanced capital allocation—maintaining dividends while funding strategic expansion.
Structural Changes and Potential Impact on Dividends
- M&A: Recent acquisition of CP Kelco, creating a larger, more solutions-focused ingredients group. Integration and any associated financing costs could influence free cash flow and future dividend headroom in the near term, but scale and product breadth may enhance medium-term cash generation.
Risks and Flags
- Integration and leverage risk: CP Kelco integration costs and potential higher leverage could temporarily tighten dividend cover.
- Operational/cost risks: Input cost volatility, FX movements, and end-market demand softness could pressure margins and cash flow.
- Policy sensitivity: While the interim is formula-based, the full-year dividend remains at Board discretion, leaving scope for adjustment if trading or balance sheet conditions warrant.
Read more
Tate & Lyle Annual Dividend Yield - 5.18%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 21/11/2024 |
06/01/2025 |
Interim |
6.40p |
GBX |
| 19/06/2025 |
01/08/2025 |
Final |
13.40p |
GBX |
Total (Annual Dividends Per Share):
19.80p
Dividend Yield =
Annual Dividends Per Share (19.80p)
÷ Share Price (382.6p)
= 5.18%
Tate & Lyle Dividend History
| Ex Dividend Date | Payment Date | Type | Amount | Currency |
| 20/11/2025 | 05/01/2026 | Interim | 6.6000p | GBX |
| 19/06/2025 | 01/08/2025 | Final | 13.40p | GBX |
| 21/11/2024 | 06/01/2025 | Interim | 6.40p | GBX |
| 20/06/2024 | 02/08/2024 | Final | 12.90p | GBX |
| 23/11/2023 | 05/01/2024 | Interim | 6.20p | GBX |
| 22/06/2023 | 02/08/2023 | Final | 13.10p | GBX |
| 24/11/2022 | 04/01/2023 | Interim | 5.40p | GBX |
| 30/06/2022 | 05/08/2022 | Final | 12.80p | GBX |
| 03/05/2022 | 16/05/2022 | Special | 107.00p | GBX |
| 25/11/2021 | 05/01/2022 | Interim | 9.00p | GBX |
| 24/06/2021 | 06/08/2021 | Final | 22.00p | GBX |
| 19/11/2020 | 06/01/2021 | Interim | 8.80p | GBX |
| 18/06/2020 | 31/07/2020 | Final | 20.80p | GBX |
| 21/11/2019 | 03/01/2020 | Interim | 8.80p | GBX |
| 20/06/2019 | 31/07/2019 | Final | 20.80p | GBX |
| 22/11/2018 | 04/01/2019 | Interim | 8.60p | GBX |
| 21/06/2018 | 01/08/2018 | Final | 20.30p | GBX |
| 30/11/2017 | 05/01/2018 | Interim | 8.40p | GBX |
| 29/06/2017 | 01/08/2017 | Final | 19.80p | GBX |
| 24/11/2016 | 03/01/2017 | Interim | 8.20p | GBX |
| 30/06/2016 | 29/07/2016 | Final | 19.80p | GBX |
| 19/11/2015 | 04/01/2016 | Interim | 8.20p | GBX |
| 02/07/2015 | 31/07/2015 | Final | 19.80p | GBX |
| 20/11/2014 | 02/01/2015 | Interim | 8.20p | GBX |
| 25/06/2014 | 01/08/2014 | Final | 19.80p | GBX |
| 20/11/2013 | 03/01/2014 | Interim | 7.80p | GBX |
| 26/06/2013 | 02/08/2013 | Final | 18.80p | GBX |
| 28/11/2012 | 04/01/2013 | Interim | 7.40p | GBX |
| Year | Interim | Final | Special | Currency | Total | Change (%) |
| 2024 | 6.400 | 12.900 | | GBX | 19.300 | 0.00 |
| 2023 | 6.200 | 13.100 | | GBX | 19.300 | -84.58 |
| 2022 | 5.400 | 12.800 | 107.000 | GBX | 125.200 | 303.87 |
| 2021 | 9.000 | 22.000 | | GBX | 31.000 | 4.72 |
| 2020 | 8.800 | 20.800 | | GBX | 29.600 | 0.00 |
| 2019 | 8.800 | 20.800 | | GBX | 29.600 | 2.42 |
| 2018 | 8.600 | 20.300 | | GBX | 28.900 | 2.48 |
| 2017 | 8.400 | 19.800 | | GBX | 28.200 | 0.71 |
| 2016 | 8.200 | 19.800 | | GBX | 28.000 | 0.00 |
| 2015 | 8.200 | 19.800 | | GBX | 28.000 | 0.00 |
| 2014 | 8.200 | 19.800 | | GBX | 28.000 | 5.26 |
| 2013 | 7.800 | 18.800 | | GBX | 26.600 | 259.45 |
| 2012 | 7.400 | | | GBX | 7.400 | |
Tate & Lyle Dividend Calculator
Tate & Lyle Dividend Growth
| Dividend Growth (1Y) |
3.63%
|
| Dividend CAGR (5Y) |
-10.35%
|
| Years of Growth |
–
|
| Payout Ratio |
258.82%
|
| Buyback Yield |
-9.26%
|
| Shareholder Yield |
-4.24%
|
Tate & Lyle Valuation & Profitability
| P/E Ratio (TTM) |
49.58
|
| Forward P/E |
8.91
|
| P/FCF |
29.56
|
| Earnings Yield |
1.98%
|
| FCF Yield |
3.38%
|
| ROE |
2.33%
|
| ROCE |
8.83%
|
| Profit Margin |
1.71%
|
| Operating Margin |
13.45%
|
| Gross Margin |
58.44%
|