WSP dividend
WSP pays C$0.375 quarterly, with a five-year record of C$1.50 per share. Free cash flow rose across the years shown, while WSP paid dividends and made no share buybacks.
How much does WSP pay shareholders?
Base dividends remain C$1.50 per share in 2027. They rise to C$1.575 in 2028 and C$1.65 in 2029. The current C$0.375 quarterly payment and five-year record of C$1.50 support stability, while free cash flow supports measured increases.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| EPS, diluted | 7.36 | 5.38 | 4.40 | 3.58 | 4.05 |
| − Dividends paid, per share | 1.49 | 1.48 | 1.30 | 0.75 | 0.69 |
| − Share buybacks, per share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| = FCF not paid out, per share | 9.83 | 3.47 | 0.73 | 1.43 | 4.51 |
Does WSP's cash cover its dividend?
Free cash flow rose across the years shown, while WSP paid dividends and made no share buybacks. Retaining the balance left after dividends gave management cash for acquisitions rather than returning all surplus to shareholders.
This memo’s stricter free-cash-flow measure deducts capital spending, lease payments, interest, and stock pay from operating cash flow. That gives a more demanding view of what remains after operating and financing claims. WSP also publishes its own free-cash-flow measure, but its reconciliation adds back items, so the two figures answer different questions.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Free cash flow | 1,483.7 | 626.5 | 254.3 | 263.4 | 608.4 |
| − Dividends paid | 195.7 | 187.1 | 162.2 | 90.1 | 80.6 |
| − Share buybacks | 0 | 0 | 0 | 0 | 0 |
| = Free cash flow not paid out | 1,288.0 | 439.4 | 91.7 | 172.8 | 527.0 |
| Paid out, % of free cash flow | 13.2% | 29.9% | 63.8% | 34.2% | 13.2% |
What could change WSP's dividend?
Its 2027 plan targets a 19%–20% adjusted EBITDA margin, 100% free-cash-flow conversion against net earnings attributable to shareholders, and net debt to adjusted EBITDA of 1.0x–2.0x.
The bear dividend is C$1.50 in 2027 and C$1.125 thereafter. The bull path is C$1.65 in 2027 and C$1.815 in 2028, reaching C$1.9965 in 2029. The bull requires stronger cash conversion despite leverage above target.
What is WSP's dividend yield today against its price?
| Today (Oct 18, 2026) | |
|---|---|
| Share price | 166.22 |
| Free cash flow yield (calculated) | 6.6% |
| Real free cash flow yield (calculated) | 6.3% |
| Dividend yield (calculated) | 0.9% |
What this means. The lower price-to-earnings number for the next 12 months means analysts expect the company's profit per share to rise.