W.A.G Payment Solutions
Website:
W.A.G Payment Solutions
Index:
FTSE 250
EPIC: EWG
Supersector:
Industrial Goods and Services
Sector:
Industrial Support Services
Subsector:
Market Cap:
£751.4M
Payout Frequency: Annual
W.A.G Payment Solutions Dividend Analysis and Summary
Key Dividend Details
- Type: Special dividend (non-recurring)
- Amount: 1.5p per ordinary share (FY2025)
- Status: Subject to shareholder approval at the AGM on 27/05/2026
- Ex-dividend date: 25/06/2026
- Record date: 26/06/2026
- Payment date: 22/07/2026
- Currency: GBP
- Implied yield: Not disclosed in the RNS (depends on prevailing share price)
Dividend Sustainability and Growth
- Non-recurring nature: As a special dividend, this is a one-off return of surplus capital and should not be viewed as establishing or resetting the ordinary dividend baseline.
- Coverage and affordability: The RNS does not provide earnings, cash flow, or leverage metrics. Investors should consult the published Annual Report 2025 to assess free cash flow generation, net cash/debt, and any covenant headroom to gauge how comfortably this payout is funded.
- Growth trajectory: No ordinary dividend or policy update is mentioned, so there is no clear signal on future dividend growth. The special dividend suggests balance sheet capacity or excess cash in FY2025, but it does not imply an ongoing increase in regular distributions.
Capital Allocation and Structural Considerations
- Capital return choice: The Board’s proposal of a special dividend indicates a preference to return some surplus capital directly to shareholders after FY2025, rather than, for example, buybacks (none mentioned).
- Structural changes: No demergers, M&A, share consolidations, or changes to dividend policy are referenced in this RNS.
Risks and Flags
- AGM approval risk: The dividend is contingent on shareholder approval on 27/05/2026.
- One-off nature: Being a special dividend, it provides no visibility on future ordinary payouts; subsequent distributions will depend on ongoing cash generation and capital needs.
- Timing language: The shares are “expected” to trade ex-dividend on 25/06/2026, leaving minor execution/timetable risk.
- Information gap: Absence of explicit payout ratios or cash coverage in the RNS; review the Annual Report 2025 for detailed financial support to the distribution.
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W.A.G Payment Solutions 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 (97.7p)
= 0%
W.A.G Payment Solutions Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 25/06/2026 |
22/07/2026 |
Special |
1.5000p |
GBX |
| 26/06/2025 |
03/07/2025 |
Special |
3.0000p |
GBX |
W.A.G Payment Solutions Dividend Calculator
W.A.G Payment Solutions Dividend Growth
| Dividend Growth (1Y) |
–
|
| Dividend CAGR (5Y) |
–
|
| Years of Growth |
–
|
| Payout Ratio |
–
|
| Buyback Yield |
-0.67%
|
| Shareholder Yield |
0.76%
|
| P/E Ratio (TTM) | 417.96 |
|---|
| Forward P/E | 17.37 |
|---|
| P/FCF | 6.57 |
|---|
| Earnings Yield | 0.24% |
|---|
| FCF Yield | 15.23% |
|---|
| ROE | 0.87% |
|---|
| ROCE | 14.74% |
|---|
| Profit Margin | 0.09% |
|---|
| Operating Margin | 3.36% |
|---|
| Gross Margin | 14.3% |
|---|