Triad Group
Website:
Triad Group
Index:
FTSE Fledgling
EPIC: TRD
Supersector:
Technology
Sector:
Software and Computer Services
Subsector:
Computer Services
Market Cap:
£45.29M
Payout Frequency: Semi-Annual
Triad Group Dividend Analysis and Summary
Declared dividend
- Type: Interim
- Amount: 3.0p per share (up from 2.0p in the prior interim)
- Ex-dividend date: 04/12/2025
- Record date: 05/12/2025
- Payment date: 30/12/2025
- Currency: GBP
- Estimated cash outflow: ~£0.51m (based on c.16.9m shares)
- Board commentary: dividend increase described as “prudent and sustainable”; aim to remain debt free and cash rich.
Financial support and coverage
- H1 EPS: 5.21p; interim dividend cover ~1.7x (5.21p / 3.0p).
- Prior full-year context (FY25): EPS 9.93p, total dividends paid ~6.0p ? payout ratio ~60%, cover ~1.7x.
- Cash position: £3.71m net cash (no debt) at 30 Sep 2025; operating cash inflow in H1 of £1.14m.
- Interim dividend (~£0.51m) comfortably covered by both H1 earnings and cash on hand.
- Profitability: Revenue up ~17.6% YoY; PBT up ~10%, though gross margin eased to 26.0% (from 29.1%).
Dividend sustainability and growth
- The step-up to 3.0p signals confidence and continues a cautious growth trajectory (prior year: 2.0p interim, 4.0p final; total ~6.0p).
- Coverage metrics (~1.7x) align with recent history, suggesting a sustainable payout level if trading conditions persist.
- Strong cash generation and a debt-free balance sheet underpin the dividend, with ample liquidity after funding the interim.
- Watch for margin pressure: a lower gross margin partly offsets volume growth; sustained cost discipline will help support future payouts.
Structural changes and capital allocation
- No M&A, demergers, buybacks, or share consolidations disclosed.
- Minor share issuance (likely from employee equity schemes) not material to dividend capacity.
- Capital allocation remains conservative: maintain cash, avoid debt, incremental dividend growth.
Risks / Flags for dividend stability
- Public sector concentration: c.96% of H1 revenue from UK public sector; the Chairman notes a changing “financial and governance landscape” and timing uncertainty. Budget or policy shifts could affect demand.
- Margin compression: Gross margin down 3.1pp YoY; if sustained, could cap earnings growth and dividend headroom.
- Contract timing/pipeline: Although pipeline is strong, timing of awards and renewals remains a key variable.
- Accounting/tax effects: Movements in deferred tax and share-based payment accounting can affect reported earnings, though cash impact is limited.
Read more
Triad Group Annual Dividend Yield - 2.8%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 31/07/2025 |
01/09/2025 |
Final |
4.00p |
GBX |
| 04/12/2025 |
30/12/2025 |
Interim |
3.0000p |
GBX |
Total (Annual Dividends Per Share):
7.00p
Dividend Yield =
Annual Dividends Per Share (7.00p)
÷ Share Price (250.25p)
= 2.8%
Triad Group Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 04/12/2025 |
30/12/2025 |
Interim |
3.0000p |
GBX |
| 31/07/2025 |
01/09/2025 |
Final |
4.00p |
GBX |
| 21/11/2024 |
20/12/2024 |
Interim |
2.00p |
GBX |
| 01/08/2024 |
02/09/2024 |
Final |
4.00p |
GBX |
| 04/01/2024 |
31/01/2024 |
Interim |
2.00p |
GBX |
| 13/07/2023 |
11/08/2023 |
Final |
4.00p |
GBX |
| 15/12/2022 |
13/01/2023 |
Interim |
2.00p |
GBX |
| 28/07/2022 |
19/08/2022 |
Final |
4.00p |
GBX |
| 02/12/2021 |
24/12/2021 |
Interim |
2.00p |
GBX |
| 29/07/2021 |
20/08/2021 |
Final |
2.00p |
GBX |
| 02/01/2020 |
24/01/2020 |
Interim |
1.00p |
GBX |
| 01/08/2019 |
23/08/2019 |
Final |
2.00p |
GBX |
| 06/12/2018 |
11/01/2019 |
Interim |
1.00p |
GBX |
| 23/08/2018 |
14/09/2018 |
Final |
1.00p |
GBX |
| 30/11/2017 |
05/01/2018 |
Interim |
0.50p |
GBX |
| 10/08/2017 |
07/09/2017 |
Final |
0.50p |
GBX |
| Year |
Interim |
Final |
Currency |
Total |
Change |
| 2024 |
4.000 |
4.000 |
GBX |
8.000 |
100.000 |
| 2023 |
|
4.000 |
GBX |
4.000 |
-33.330 |
| 2022 |
2.000 |
4.000 |
GBX |
6.000 |
50.000 |
| 2021 |
2.000 |
2.000 |
GBX |
4.000 |
300.000 |
| 2020 |
1.000 |
|
GBX |
1.000 |
-50.000 |
| 2019 |
|
2.000 |
GBX |
2.000 |
0.000 |
| 2018 |
1.000 |
1.000 |
GBX |
2.000 |
100.000 |
| 2017 |
0.500 |
0.500 |
GBX |
1.000 |
|
Triad Group Dividend Calculator
Triad Group Dividend Growth
| Dividend Growth (1Y) |
16.67%
|
| Dividend CAGR (5Y) |
28.47%
|
| Years of Growth |
1
|
| Payout Ratio |
54.59%
|
| Buyback Yield |
-4.76%
|
| Shareholder Yield |
-2.45%
|
| P/E Ratio (TTM) | 25.11 |
|---|
| Forward P/E | – |
|---|
| P/FCF | 22.17 |
|---|
| Earnings Yield | 4.04% |
|---|
| FCF Yield | 4.51% |
|---|
| ROE | 44.27% |
|---|
| ROCE | 31.68% |
|---|
| Profit Margin | 7.89% |
|---|
| Operating Margin | 6.89% |
|---|
| Gross Margin | 27.01% |
|---|