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Spirax Group plc (SPX.L) logo

Spirax Group plc

EURO STOXX 600
SPX.L|Industrials|Specialty Industrial Machinery|£74.46|P/E 33.7|MCap 54.9M|LSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

77/ 100Safe

SPX.L's dividend appears safe and well-supported. Strengths include a 53.7% fcf payout ratio & 48.2% cfo payout ratio. The dividend has been growing at a 8.34% 5-year CAGR.

Based on 15 of 15 metrics

Strengths

  • Gross Margin: 76.2%High gross margin signals strong pricing power.
  • Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
  • Dividend Cut: NoneNo dividend cut in recent history.

Risks

No material risks identified across rated metrics.

Payout & Coverage

Safe
Earnings Payout Ratio
75.2%Caution
FCF Payout Ratio
53.7%Safe
CFO Payout Ratio
48.2%Safe
Interest Coverage
5.8xSafe

Balance Sheet

Safe
Net Debt / Total Assets
24.6%Safe
Current Ratio
1.9xSafe
Debt-to-Equity
83.8Safe

Profitability

Safe
Return on Equity
13.5%Safe
Operating Margin
18.5%Safe
Gross Margin
76.2%Very Safe
Profit Margin Stability
ModerateCaution

Dividend Track Record

Very Safe
Dividend Streak
11+ yrsVery Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
8.3%Safe
Earnings Stability
StableSafe

About Spirax Group plc

Spirax Group plc is a British manufacturer specializing in steam management systems, peristaltic pumps, and associated fluid path technologies, headquartered in Cheltenham, England. Founded in 1888, the company has evolved over 135 years into a world-leading provider of mission-critical thermal energy and fluid technology solutions, enhancing the operating efficiency, safety, and sustainability of industrial processes across diverse sectors including food, pharmaceuticals, biotechnology, healthcare, and energy. Spirax Group plc operates through three core businesses: Steam Thermal Solutions, Electric Thermal Solutions, and Watson-Marlow Fluid Technology Solutions, employing over 10,000 colleagues across 68 countries with 37 manufacturing sites serving more than 100,000 direct customers in 168 nations. Committed to its 'One Planet: Engineering with Purpose' sustainability strategy, it develops innovative decarbonization solutions like electrified boilers to eliminate scope 1 and 2 emissions, supporting the global transition to net zero. With a direct sales model driving steady revenues, Spirax Group plc plays a pivotal role in optimizing critical processes essential to everyday life, from energy generation and food production to medicine manufacturing and building heating.

Dividend Overview

Dividend Yield

2.29%

Annual Dividend

£1.70

Frequency

Semi-Annual

Payout Ratio

75.23%

FCF Payout Ratio

53.68%

Stock Price

£74.46

52-Week Range

£55.35 £80.50

Dividend History (2016–2025)

SPX.L annual dividend per share and yield history

Earnings & Profitability

SPX.L earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

April 23, 2026

Next Payment Date

Dividend Growth

3-Year Dividend CAGR

5.93%

5-Year Dividend CAGR

8.34%

10-Year Dividend CAGR

-0.64%

3-Year Total Growth

18.86%

5-Year Total Growth

49.24%

10-Year Total Growth

-6.23%

Income Calculator

SPX.L Dividend Calculator

Total Investment

£7,446.00

Annual Income

£170.00

Quarterly Income

£42.50

Monthly Income

£14.17

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Frequently Asked Questions

What is SPX.L's current dividend yield?
Spirax Group plc (SPX.L) currently has a dividend yield of 2.29%, based on a stock price of £74.46 and an annual dividend of £1.70.
When is SPX.L's next dividend payment date?
SPX.L's next ex-dividend date is 2026-04-23 and the next payment date is —. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does SPX.L pay in dividends per year?
Spirax Group plc paid £1.66 per share in annual dividends in 2025. The dividends are paid semi-annual.
Has SPX.L been increasing its dividend?
Spirax Group plc has grown its dividend at a 5-year CAGR of 8.34% and a 10-year CAGR of -0.64%.
Is SPX.L's dividend safe?
Spirax Group plc has a payout ratio of 75.23%. The payout ratio is moderate. Monitor earnings to ensure sustainability.
How is SPX.L's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Spirax Group 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 industrials 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.