Van Elle Holdings

Website: Van Elle Holdings
Index: AIM
EPIC: VANL
Supersector: Construction and Materials
Sector: Construction and Materials
Subsector: Heavy Construction
Market Cap: £40.03M
Payout Frequency: Semi-Annual

Next Van Elle Holdings Dividend

Van Elle Holdings next goes ex-dividend on 19/02/2026. This will be the Interim dividend for 2026.

The dividend per share amount is 0.4000p (GBP) and the payment date is 13/03/2026.

Key dividend details

Type: Interim dividend
Amount: 0.4 pence per share (unchanged year-on-year)
Ex-dividend date: 19/02/2026
Record date: 20/02/2026
Payment date: 13/03/2026
Coverage:
- c. 3.5x on H1 underlying EPS of 1.4p (continuing operations)
- c. 3.0x on H1 statutory EPS (continuing) of 1.2p
Estimated cash cost: c. £0.43m (based on ~108.2m shares; prior year interim paid £0.417m)

Dividend sustainability and growth outlook

Earnings support: H1 revenue up 16% to £73.4m; underlying PBT £1.9m with a thin 2.8% underlying operating margin. Management expects to meet FY26 consensus (underlying PBT £3.0m), with H2 margin mix expected to improve. On this trajectory, the interim payout looks well covered.
Cash and balance sheet: Net funds (ex-IFRS 16) of £2.8m; operating cash flow from continuing operations of £6.6m in H1; new £10m asset lending facility (c. £7.6m undrawn at 31 Oct). Lease liabilities of £6.1m keep reported net debt modestly negative, but liquidity headroom appears adequate to support the dividend alongside capex.
Capital allocation: Board reiterates a prudent, balanced approach given ongoing investment in rig fleet (H1 capex £5.5m, partly offset by £3.2m disposals). Maintaining the interim at 0.4p signals caution but stability.
Growth pipeline: Strengthening in energy and water (visibility of at least £40m expected annual revenue from FY28 through frameworks), order book up 8% to £44.9m. If execution and margins improve, there is scope for gradual dividend progression, but near-term policy likely remains conservative.

Dividends Used in Calculation:

Ex-Dividend Date	Payment Date	Type	Amount	Currency
20/02/2025	14/03/2025	Interim	0.40p	GBX
02/10/2025	17/10/2025	Final	0.80p	GBX

Total (Annual Dividends Per Share): 1.20p

Dividend Yield = Annual Dividends Per Share (1.20p) ÷ Share Price (37p) = 3.24%

Ex Dividend Date	Payment Date	Type	Amount	Currency
19/02/2026	13/03/2026	Interim	0.4000p	GBX
02/10/2025	17/10/2025	Final	0.80p	GBX
20/02/2025	14/03/2025	Interim	0.40p	GBX
03/10/2024	18/10/2024	Final	0.80p	GBX
22/02/2024	15/03/2024	Interim	0.40p	GBX
28/09/2023	13/10/2023	Final	0.80p	GBX
23/02/2023	17/03/2023	Interim	0.40p	GBX
15/09/2022	07/10/2022	Final	1.00p	GBX
13/02/2020	27/03/2020	Interim	0.20p	GBX
05/09/2019	27/09/2019	Final	1.00p	GBX
14/02/2019	06/03/2019	Interim	1.00p	GBX
06/09/2018	28/09/2018	Final	2.30p	GBX
08/02/2018	07/03/2018	Interim	1.40p	GBX
21/09/2017	29/09/2017	Final	1.75p	GBX
26/01/2017	28/02/2017	Interim	0.85p	GBX

Year	Interim	Final	Currency	Total	Change
2024	0.400	0.800	GBX	1.200	0.000
2023	0.400	0.800	GBX	1.200	20.000
2022		1.000	GBX	1.000	400.000
2020	0.200		GBX	0.200	-90.000
2019	1.000	1.000	GBX	2.000	-45.940
2018	1.400	2.300	GBX	3.700	42.300
2017	0.850	1.750	GBX	2.600

Number of Shares:

Payment	Paid	Amount
Next	–	–
Previous	–	–