The Pebble Group
Website:
The Pebble Group
Index:
AIM
EPIC: PEBB
Supersector:
Media
Sector:
Media
Subsector:
Media Agencies
Market Cap:
£79.31M
Payout Frequency: Annual
The Pebble Group Dividend Analysis and Summary
Dividend declaration and timetable
- Dividend: Final dividend of 2.00p per share (FY24: 1.85p; +8.1%)
- Ex-dividend date: 16/04/2026
- Record date: 17/04/2026
- Payment date: 11/05/2026 (subject to AGM approval)
- Cash outlay: c.£3.0m total distribution; Employee Benefit Trust waives its entitlement, marginally reducing cash cost
- Policy: Board reiterates a progressive dividend policy
Cover and cash flow support
- Earnings cover: Basic EPS 3.45p and adjusted EPS 3.86p imply cover of ~1.7x (basic) and ~1.9x (adjusted)
- Implied payout ratio: ~58% of basic EPS; ~52% of adjusted EPS
- Cash backing: Net operating cash flow £13.3m; free cash flow conversion 91%; year-end cash £9.6m (16 Mar 2026: £7.4m) with £10m undrawn RCF
- Share count: End-FY25 shares 148.7m (down from 164.8m YoY), helping lower aggregate future dividend cash outlay
Capital returns and structural items
- New buyback: Launch of a £5.0m share buyback commencing 17/03/2026
- FY25 returns: £11.7m total (dividends £3.0m, market repurchases £2.2m, tender offer £6.5m)
- Strategic review: Board is actively reviewing strategic options, including Group structure; potential changes could influence future dividend policy and cadence
Assessment: sustainability and growth trajectory
- Sustainability: The proposed 2.00p looks well-covered by earnings and strongly supported by cash generation (high FCF conversion, robust liquidity, undrawn facilities)
- Growth trajectory: Dividend up 8.1% aligns with the stated progressive policy. While FY25 profits/EPS declined, management signals return to revenue growth in 2026 at Facilisgroup and maintained/improving margins at Brand Addition, which supports steady dividend progression
- Capital allocation: Continued buybacks should enhance per-share metrics and reduce the future total cash cost of a given per-share dividend, reinforcing sustainability
Risks and flags to dividend stability
- Operational/earnings softness: FY25 operating profit and EPS declined; execution on Facilisgroup growth and Brand Addition pipeline is key to sustaining cover
- Macro and client concentration: Exposure to macroeconomic conditions, tariff uncertainty, FX, and one client at ~10% of revenue
- Ongoing investment: Facilisgroup growth investment depresses near-term EBITDA, though management expects 2026 payback
- Strategic options: Any structural changes (e.g., separation, M&A) could alter dividend policy or timing
- Approval: Final dividend remains subject to shareholder approval at the AGM
Read more
The Pebble Group Annual Dividend Yield - 0%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
Total (Annual Dividends Per Share):
0.00p
Dividend Yield =
Annual Dividends Per Share (0.00p)
÷ Share Price (54p)
= 0%
The Pebble Group Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 16/04/2026 |
11/05/2026 |
Final |
2.0000p |
GBX |
| 15/05/2025 |
13/06/2025 |
Final |
1.85p |
GBX |
| 04/04/2024 |
07/05/2024 |
Final |
1.20p |
GBX |
| 27/04/2023 |
02/06/2023 |
Final |
0.60p |
GBX |
| Year |
Final |
Currency |
Total |
Change |
| 2024 |
1.200 |
GBX |
1.200 |
100.000 |
| 2023 |
0.600 |
GBX |
0.600 |
|
The Pebble Group Dividend Calculator
The Pebble Group Dividend Growth
| Dividend Growth (1Y) |
8.11%
|
| Dividend CAGR (5Y) |
–
|
| Years of Growth |
3
|
| Payout Ratio |
58.14%
|
| Buyback Yield |
6.31%
|
| Shareholder Yield |
10.12%
|
| P/E Ratio (TTM) | 15.7 |
|---|
| Forward P/E | 13.88 |
|---|
| P/FCF | 6.16 |
|---|
| Earnings Yield | 6.78% |
|---|
| FCF Yield | 16.23% |
|---|
| ROE | 6.2% |
|---|
| ROCE | 8.64% |
|---|
| Profit Margin | 4.31% |
|---|
| Operating Margin | 6.12% |
|---|
| Gross Margin | 45.67% |
|---|