Tate & Lyle
Website:
Tate & Lyle
Index:
FTSE 250
EPIC: TATE
Supersector:
Food, Beverage and Tobacco
Sector:
Food Producers
Subsector:
Food Products
Market Cap:
£2.51B
Payout Frequency: Semi-Annual
Tate & Lyle Dividend Analysis and Summary
Key dividend details
- Final dividend: 13.2p per share (FY25: 13.4p)
- Full-year dividend: 19.8p per share (unchanged year-on-year)
- Record date: 19/06/2026
- Ex-dividend date: 18/06/2026 (one business day before the record date)
- Payment date: 31/07/2026
- Dividend Reinvestment Plan (DRIP): Available
Analysis: sustainability and growth trajectory
- Growth: Full-year DPS held flat at 19.8p, indicating a “hold” stance rather than growth. The final dividend is fractionally lower (13.2p vs 13.4p), implying a slightly higher interim to keep the full-year unchanged.
- Sustainability: The board’s choice to maintain the total dividend suggests confidence in cash generation but a cautious outlook. The RNS provides limited profit/FCF detail; investors should check FY26 earnings and free cash flow cover in the full results to confirm headroom.
- Support from performance/capital allocation: With revenue from continuing operations of £2.0bn and a steady DPS, the policy appears focused on stability while preserving flexibility for investment. Offering a DRIP supports optional reinvestment without increasing cash outflow.
Structural changes or policy signals
- No demergers, M&A, share consolidations, or explicit policy changes are announced in this RNS.
- Maintaining the full-year DPS despite a small trim to the final payment signals a commitment to a stable ordinary dividend, rather than progressive growth for now.
Risks and flags to dividend stability
- Marginal reduction in the final dividend suggests some caution on second-half earnings or cash flow.
- Lack of disclosed dividend cover metrics in this announcement—assessment depends on the detailed FY26 results (earnings, cash conversion, and leverage).
- Operational and input-cost pressures, FX, and execution risks in global markets could affect cash generation and dividend cover (not detailed here but relevant for a global ingredients business).
Read more
Tate & Lyle Annual Dividend Yield - 3.53%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 20/11/2025 |
05/01/2026 |
Interim |
6.6000p |
GBX |
| 18/06/2026 |
31/07/2026 |
Final |
13.2000p |
GBX |
Total (Annual Dividends Per Share):
19.80p
Dividend Yield =
Annual Dividends Per Share (19.80p)
÷ Share Price (560.5p)
= 3.53%
Tate & Lyle Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 18/06/2026 |
31/07/2026 |
Final |
13.2000p |
GBX |
| 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 |
0.000 |
| 2023 |
6.200 |
13.100 |
|
GBX |
19.300 |
-84.580 |
| 2022 |
5.400 |
12.800 |
107.000 |
GBX |
125.200 |
303.870 |
| 2021 |
9.000 |
22.000 |
|
GBX |
31.000 |
4.720 |
| 2020 |
8.800 |
20.800 |
|
GBX |
29.600 |
0.000 |
| 2019 |
8.800 |
20.800 |
|
GBX |
29.600 |
2.420 |
| 2018 |
8.600 |
20.300 |
|
GBX |
28.900 |
2.480 |
| 2017 |
8.400 |
19.800 |
|
GBX |
28.200 |
0.710 |
| 2016 |
8.200 |
19.800 |
|
GBX |
28.000 |
0.000 |
| 2015 |
8.200 |
19.800 |
|
GBX |
28.000 |
0.000 |
| 2014 |
8.200 |
19.800 |
|
GBX |
28.000 |
5.260 |
| 2013 |
7.800 |
18.800 |
|
GBX |
26.600 |
259.450 |
| 2012 |
7.400 |
|
|
GBX |
7.400 |
|
Tate & Lyle Dividend Calculator
Tate & Lyle Dividend Growth
| Dividend Growth (1Y) |
–
|
| Dividend CAGR (5Y) |
-11.24%
|
| Years of Growth |
1
|
| Payout Ratio |
90.72%
|
| Buyback Yield |
-7.68%
|
| Shareholder Yield |
-4.14%
|
| P/E Ratio (TTM) | 25.92 |
|---|
| Forward P/E | 15.45 |
|---|
| P/FCF | 21.84 |
|---|
| Earnings Yield | 3.9% |
|---|
| FCF Yield | 4.58% |
|---|
| ROE | 6.15% |
|---|
| ROCE | 7.6% |
|---|
| Profit Margin | 4.84% |
|---|
| Operating Margin | 12.01% |
|---|
| Gross Margin | 45.81% |
|---|