Informa dividend
Informa's base forecast dividend is £0.235 per share, with the historical dividend per share shown by year. Its coverage is tested against real free cash flow after capital spending, lease payments, interest paid and stock pay.
How much does Informa pay in dividends per share?
Dividends grow from £0.235 per share to £0.2675 in the base case, close to the 6.9% increase in the latest interim dividend. The bear case holds at £0.22 because Clarion financing takes priority. The bull case reaches £0.28 as stronger cash flow supports faster growth, although the pandemic-era zero dividend shows that distributions can stop.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 4,041.4 | 3,553.1 | 3,189.6 | 2,262.4 | 1,583.3 |
| EPS, diluted | 0.80 | 22.20 | 29.90 | 9.40 | 2.30 |
| Dividend per share | 22.00 | 20.00 | 18.00 | 9.80 | 0.00 |
What this means. The company's own underlying sales growth can differ from reported growth because it removes the effects of acquisitions, disposals, event timing, accounting changes, and currency movements.
Does Informa's cash cover its dividend?
Free cash flow goes further by deducting capital spending, lease payments and interest. “Real free cash flow” also deducts share-based pay. Shares issued to employees may not require cash on the day, but they still impose an economic cost on existing shareholders.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Free cash flow | 799.9 | 744.3 | 558.9 | 350.6 | 343.4 |
| − Dividends paid | 268.1 | 248.2 | 176.6 | 43.3 | 0 |
| − Share buybacks | 352.3 | 428.2 | 548.0 | 513.3 | 0 |
| = Free cash flow not paid out | 149.6 | 36.9 | 334.8 | ||
| Paid out, % of free cash flow | 77.6% | 90.9% | 129.6% | 158.8% | 0.0% |
What this means. The company's own net debt is higher because it includes leases and financing derivatives, while this table's net debt leaves them out.
What could change Informa's dividend?
The first test is whether the rescheduled Middle East events deliver in H2 2026. Weak attendance would move the forecast towards the bear case by reducing revenue and cash flow.
Clarion is the central swing factor through FY2029. Revenue near guidance, staged synergies and falling net debt would support the base or bull case; delayed synergies and persistent financing costs would support the bear case.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Earnings | 499 (341 / 619) | 556 (372 / 736) | 615 (408 / 833) |
| Shares (millions) | 1,368 (1,368 / 1,352) | 1,348 (1,369 / 1,318) | 1,325 (1,371 / 1,281) |
| Dividends per share | 0.23 (0.22 / 0.24) | 0.25 (0.22 / 0.26) | 0.27 (0.22 / 0.28) |
| Price to earnings | 16.00 (12.00 / 19.00) | 16.00 (11.00 / 21.00) | 17.00 (10.00 / 23.00) |
What this means. The price-to-earnings number shows how many pounds investors pay for each pound the company earns.
What is Informa's dividend yield against its share price?
An Informa share is a claim on a business that runs professional events, publishes academic material and sells digital services. At the 883.60p share price on October 18, 2026, the question is whether those businesses can produce enough durable earnings and cash to justify the price.