DCC dividend: cash, history and yield
MyStockButler's October 2026 analysis: DCC paid £217.1 million in dividends in the year to March 2026 against £491.6 million of free cash flow after interest and tax. That supports the historical payment, but DCC’s future dividends are not contractual.
How much does DCC pay its shareholders?
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|---|
| Revenue | 12,990,355 | 13,366,607 | 14,224,938 | 16,119,452 | 12,322,589 |
| Revenue growth (calculated) | -2.8% | -6.0% | -11.8% | 30.8% | 48.9% |
| Operating income | 418,230 | 440,304 | 410,867 | 367,481 | 334,778 |
| Dividend per share | 216.72 | 206.40 | 196.57 | 187.21 | 175.78 |
What this means. These figures cover only the energy business, not the whole listed company, even though the dividends are for shares in the whole company.
How much would DCC's dividend pay you?
£10,000 invested in DCC at its 3.4% dividend yield (our report of October 31, 2026) pays £340.00 in the first year, before tax. If its dividend per share keeps changing 7.6% a year, as it did from Mar 2022 to Mar 2026, and the dividends are reinvested, year 10 pays £992.84, with £6,039.77 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
Is DCC’s dividend covered by its cash?
A 3.4% dividend yield is an arithmetic relationship, not a guaranteed return. DCC generated £491.6 million of free cash flow after interest and tax in the year to March 2026. It paid £217.1 million in dividends, which offers historical support but does not make future payments contractual.
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|---|
| − Dividends paid | 206,616 | 197,347 | 188,817 | 177,843 | 160,599 |
| − Share buybacks | 700,000 | 0 | 0 | 0 | 0 |
| + Proceeds from reissue of treasury shares | 449 | 19 | 221 | 348 | 397 |
| Paid to shareholders | 906,616 | 197,347 | 188,817 | 177,843 | 160,599 |
What this means. The amount paid to shareholders counts dividends and share buybacks, but does not subtract the small amount received when treasury shares were reissued.
What could change DCC’s dividend?
Dividends are £0.69 per share in October 2027 and zero thereafter in the base and bull cases. The first figure represents the estimated interim payment before settlement; public dividends stop when the takeover completes. The bear case continues the record of increases, paying £2.27, £2.39 and £2.51 per share, using a cautious 5% annual rise.
The 10 November 2026 results test Products and Services. Takeover completion is expected in Q1 2027. Nexora is expected to complete on or after 1 March 2027, with contingent value expiring 31 July 2027. The outcome turns on deal completion, UGI integration, Products’ unit margins and a profitable Services recovery. The shares price in cash today, while the operating future remains unproven.
What is DCC’s dividend yield today?
| Today (Oct 31, 2026) | |
|---|---|
| Share price | 6,445.0 |
| Market value (calculated) | 5,507.19 |
| P/E, next 12 months (calculated) | 12.7x |
| Dividend yield (calculated) | 3.4% |
What this means. The next-year price-to-earnings ratio uses analysts’ expected profit per share, but the source does not say which parts of the company those forecasts cover.