Royal mail dividend history

Royal Mail (RMG) is a UK-based postal service company that has a history of paying dividends to its shareholders. Here is a summary of Royal Mail's dividend history:

Historical Dividend Payments:

• 2013: Royal Mail went public with an initial public offering (IPO) in October 2013. The company paid its first dividend in December 2013, amounting to 2.5p per share.
• 2014: Royal Mail paid a total dividend of 5.5p per share, with a final dividend of 3.5p per share.
• 2015: The company paid a total dividend of 7.5p per share, with a final dividend of 5.5p per share.
• 2016: Royal Mail paid a total dividend of 10.5p per share, with a final dividend of 7.5p per share.
• 2017: The company paid a total dividend of 12.5p per share, with a final dividend of 9.5p per share.
• 2018: Royal Mail paid a total dividend of 14.5p per share, with a final dividend of 11.5p per share.
• 2019: The company paid a total dividend of 15.5p per share, with a final dividend of 12.5p per share.
• 2020: Royal Mail paid a total dividend of 14.5p per share, with a final dividend of 11.5p per share, due to the impact of the COVID-19 pandemic on its business.

Dividend Yield:

• The dividend yield for Royal Mail has historically been around 4-5% per annum, although it has varied over time.
• As of March 2023, the dividend yield for Royal Mail is around 4.3%.

Dividend Payout Ratio:

• Royal Mail's dividend payout ratio has been around 40-50% of its underlying earnings per share (EPS) over the past few years.
• The company has a target payout ratio of 40-50% of its underlying EPS, which suggests that it aims to maintain a relatively stable dividend payout.

Future Dividend Payments:

• Royal Mail has announced its intention to maintain its dividend payout at a level that is sustainable and reflects the company's underlying financial performance.
• The company's dividend policy is to pay out a significant proportion of its underlying EPS each year, while also maintaining a strong balance sheet and investing in its business for the long-term.

It's worth noting that dividend payments can be affected by a range of factors, including changes in the company's financial performance, regulatory requirements, and market conditions. As such, investors should always conduct their own research and consider their own risk tolerance and investment goals before making any investment decisions.