Next plc

NXT.L|Consumer Cyclical|Apparel Retail|£131.90|P/E 17.7|MCap 152.1M|LSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

Caution

NXT.L's dividend shows some areas that warrant monitoring. Strengths include a 32.9% earnings payout ratio & 27.0% fcf payout ratio. Areas of concern: Yes dividend cut.

Based on 14 of 15 metrics

Strengths

Earnings Payout Ratio: 32.9%Low earnings payout ratio leaves room to grow the dividend.
FCF Payout Ratio: 27.0%Free cash flow comfortably covers the dividend.
CFO Payout Ratio: 26.2%Operating cash flow strongly supports the payout.

Risks

Dividend Cut: YesDividend was cut or suspended in recent history.

Payout & Coverage

Very Safe

Earnings Payout Ratio

32.9%Very Safe

FCF Payout Ratio

27.0%Very Safe

CFO Payout Ratio

26.2%Very Safe

Interest Coverage

13.3xVery Safe

Balance Sheet

Safe

Net Debt / Total Assets

34.2%Caution

Current Ratio

1.8xSafe

Debt-to-Equity

101.6Safe

Profitability

Safe

Return on Equity

50.8%Very Safe

Operating Margin

19.4%Safe

Gross Margin

43.2%Safe

Profit Margin Stability

StableSafe

Dividend Track Record

Caution

5 yrsCaution

YesDanger

N/AN/A

GrowingVery Safe

About Next plc

Next plc is a leading British multinational retailer specializing in clothing, footwear, accessories, homeware, and beauty products. It operates through key segments including NEXT Online, NEXT Retail, NEXT Finance, Total Platform, and other activities, serving customers in the United Kingdom, Europe, the Middle East, Asia, and beyond. The company offers its own NEXT branded apparel for women, men, and children, alongside third-party brands, with a strong emphasis on e-commerce growth and international franchising. Next plc also provides consumer credit services and supports third-party sellers via platforms for websites, marketing, warehousing, and distribution. Founded in 1864 and headquartered in Leicester, United Kingdom, it employs around 50,000 people and maintains a significant presence with over 100 retail stores domestically while expanding digitally and overseas. As a bellwether for the U.K. retail sector, Next plc demonstrates market resilience through consistent revenue growth, operational efficiencies, and a focus on omnichannel strategies, positioning it as a key player in the consumer cyclical industry.

Dividend Overview

Dividend Yield

3.40%

Annual Dividend

£4.47

Frequency

Semi-Annual

Payout Ratio

32.87%

FCF Payout Ratio

26.97%

Stock Price

£131.90

52-Week Range

£112.00 – £146.40

Dividend History (2016–2025)

NXT.L annual dividend per share and yield history

Earnings & Profitability

NXT.L earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

July 2, 2026

Next Payment Date

—

Dividend Growth

3-Year Dividend CAGR

-11.46%

5-Year Dividend CAGR

N/A

10-Year Dividend CAGR

-2.73%

3-Year Total Growth

-30.59%

5-Year Total Growth

N/A

10-Year Total Growth

-24.15%

Income Calculator

NXT.L Dividend Calculator

Number of Shares

Total Investment

£13,190.00

Annual Income

£447.00

Quarterly Income

£111.75

Monthly Income

£37.25

Similar Dividend Stocks

Stock	Yield	5Y CAGR	Price	Sector
NXT.L	3.40%	—	£131.90	Consumer Cyclical
CCL.LCarnival Corporation & plc	0.57%	-6.89%	£19.04	Consumer Cyclical
GAW.LGames Workshop Group PLC	1.77%	28.97%	£195.40	Consumer Cyclical
IHG.LInterContinental Hotels Group PLC	1.25%	N/A	£1.50	Consumer Cyclical
JD.LJD Sports Fashion plc	1.34%	N/A	£0.75	Consumer Cyclical
MKS.LMarks and Spencer Group plc	0.36%	N/A	£3.31	Consumer Cyclical
WTB.LWhitbread plc	4.06%	N/A	£24.10	Consumer Cyclical

Frequently Asked Questions

What is NXT.L's current dividend yield?

Next plc (NXT.L) currently has a dividend yield of 3.40%, based on a stock price of £131.90 and an annual dividend of £4.47.

When is NXT.L's next dividend payment date?

NXT.L's next ex-dividend date is 2026-07-02 and the next payment date is —. You must own the stock before the ex-dividend date to receive the upcoming payment.

How much does NXT.L pay in dividends per year?

Next plc paid £2.45 per share in annual dividends in 2025. The dividends are paid semi-annual.

Has NXT.L been increasing its dividend?

Next plc has grown its dividend at a 5-year CAGR of — and a 10-year CAGR of -2.73%.

Is NXT.L's dividend safe?

Next plc has a payout ratio of 32.87%. A payout ratio below 60% is generally considered sustainable.

How is NXT.L's Dividend Safety Rating calculated?

The Dividend Safety Rating evaluates Next plc's dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for consumer cyclical companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.