Weir dividend: payment and coverage
MyStockButler's October 2026 analysis: Weir's latest full-year dividend was 41.7p and its interim payment was 20.0p. Its dividend must be judged against cash left after running and financing the business; first-half 2026 free cash flow after interest and tax was only £1 million.
How much does Weir pay per share?
Base dividends rise from £0.44 to £0.48. Bear starts at £0.417 and then settles at £0.40. Bull starts at £0.46 and ends at £0.54. The base follows the 33% adjusted-EPS payout policy; the latest full-year dividend was 41.7p and the interim payment was 20.0p. Weak cash conversion makes the bear pause credible.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| − Paid to minority owners, per share | 0.23 | 0.31 | 0.35 | 0.12 | 0.15 |
| − Dividends paid, per share | 41.43 | 38.46 | 36.91 | 25.62 | 11.42 |
| − Share buybacks, per share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| = FCF not paid out, per share | 44.63 | 75.22 | 50.96 | 45.06 |
What this means. The company's own free cash flow per share is higher because it uses different cash-flow rules, while our count starts with the continuing business and subtracts employee share pay.
How much would Weir's dividend pay you?
£10,000 invested in Weir at its 1.6% dividend yield (our report of October 28, 2026) pays £160.00 in the first year, before tax. If its dividend per share keeps changing 38.0% a year, as it did from 2021 to 2025, and the dividends are reinvested, year 10 pays £5,738.76, with £15,485.17 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
Is Weir’s dividend covered by its cash?
Cash flow is the final check. Inventory, customer credit, equipment, interest and tax can consume cash after accounting profit appears. Weir’s first-half 2026 free cash flow after interest and tax was only £1 million, so its dividend and cash yield must be judged against what remains after running and financing the business.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Free cash flow | 224.1 | 295.8 | 229.2 | 184.3 | |
| − Paid to minority owners | 0.6 | 0.8 | 0.9 | 0.3 | 0.4 |
| − Dividends paid | 107.6 | 99.8 | 95.9 | 66.7 | 29.8 |
| − Share buybacks | 0 | 0 | 0 | 0 | 0 |
| = Free cash flow not paid out | 115.9 | 195.2 | 132.4 | 117.3 |
What this means. The company's own net debt is higher because it counts lease obligations as debt, while our count leaves them out.
What could change Weir’s dividend?
The scheduled 4 November 2026 update is the first test of whether factory disruption is easing. In 2027, improving transfers, margin and cash conversion would move the forecast toward base or bull; continued delays would raise debt and reduce profit.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Normal operating profit | 579 (500 / 611) | 614 (535 / 663) | 644 (560 / 716) |
| Shares (millions) | 260 (260 / 259) | 260 (260 / 259) | 260 (261 / 259) |
| Dividends per share | 0.44 (0.42 / 0.46) | 0.46 (0.40 / 0.50) | 0.48 (0.40 / 0.54) |
| Enterprise value to normal operating profit | 15.00 (12.50 / 18.00) | 15.50 (12.00 / 19.00) | 16.00 (11.50 / 20.00) |
| Net debt | 971 (1,216 / 893) | 744 (1,124 / 617) | 491 (1,009 / 300) |