Derwent London plc

Dividend Aristocrat

DLN.L|Real Estate|REIT - Office|£15.46|P/E 10.8|MCap 176.3B|LSE

Last update: Mar 23, 2026 at 13:52

About Derwent London plc

Derwent London plc is a leading British-based real estate investment trust (REIT) specializing in property investment and development, with a focus on central London, particularly the West End and Tech Belt areas. Headquartered at 25 Savile Row in London, the company owns, manages, and refurbishes premium office real estate, maintaining a portfolio valued at £4.9 billion as of December 2024. It emphasizes a design-led approach to regenerating sidestreet buildings, acquiring properties off-market in improving locations with low capital values and modest rents to unlock value through innovative refurbishments and asset management. Derwent London plc balances income-producing assets with development opportunities, fostering neighborhood revitalization and community benefits via initiatives like its voluntary Community Fund, which has supported 89 projects. Renowned for sustainability leadership, it became the first UK REIT to sign a Green Revolving Credit Facility, joined RE100 for 100% renewable power, achieved science-based carbon targets validated by SBTi, and diverts 100% of waste from landfill. As a FTSE 250 constituent, it plays a pivotal role in the UK commercial property market, driving long-term value for stakeholders through strategic growth and environmental responsibility.

Dividend Overview

Dividend Yield

5.16%

Annual Dividend

£0.81

Frequency

Semi-Annual

Payout Ratio

56.44%

FCF Payout Ratio

N/A

Stock Price

£15.46

52-Week Range

£15.45 – £21.06

Dividend Health Score

Caution

Dividend Health Assessment

DLN.L's dividend shows some areas that warrant monitoring. Strengths include a 56.4% earnings payout ratio and 33.8% cfo payout ratio. Areas of concern: 131.8% fcf payout ratio and 0.5x current ratio. As a Dividend Aristocrat with 25+ consecutive years of increases, DLN.L has a proven commitment to shareholders. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.

Based on 14 of 14 metrics

Payout & Coverage

Caution

Earnings Payout Ratio

56.4%Very Safe

FCF Payout Ratio

131.8%Danger

CFO Payout Ratio

33.8%Safe

Interest Coverage

4.5xCaution

Balance Sheet

Caution

Net Debt / Total Assets

27.3%Safe

Current Ratio

0.5xDanger

Debt-to-Equity

42.3Very Safe

Profitability

Caution

Return on Equity

4.5%Warning

Operating Margin

31.1%Very Safe

Gross Margin

49.6%Safe

Profit Margin Stability

UnstableDanger

Dividend Track Record

Caution

Dividend Streak

11+ yrsVery Safe

5-Year Dividend CAGR

2.0%Warning

Earnings Stability

UnstableDanger

Dividend History (2016–2025)

DLN.L annual dividend per share and yield history

Earnings & Profitability

DLN.L earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

April 23, 2026

Next Payment Date

—

Dividend Growth

3-Year Dividend CAGR

1.48%

5-Year Dividend CAGR

1.98%

10-Year Dividend CAGR

11.21%

3-Year Total Growth

4.52%

5-Year Total Growth

10.28%

10-Year Total Growth

189.29%

This company has increased its dividend for 25+ consecutive years.

Income Calculator

DLN.L Dividend Calculator

Number of Shares

Total Investment

£1,546.00

Annual Income

£81.00

Quarterly Income

£20.25

Monthly Income

£6.75

Frequently Asked Questions

What is DLN.L's current dividend yield?

Derwent London plc (DLN.L) currently has a dividend yield of 5.16%, based on a stock price of £15.46 and an annual dividend of £0.81.

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

DLN.L's next ex-dividend date is 2026-04-23 and the next payment date is null. You must own the stock before the ex-dividend date to receive the upcoming payment.

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

Derwent London plc paid £0.81 per share in annual dividends in 2025. The dividends are paid semi-annual.

Has DLN.L been increasing its dividend?

Yes, Derwent London plc is a 6. Its dividend has grown at a 5-year CAGR of 1.98%, a 3-year CAGR of 1.48%, and a 10-year CAGR of 11.21%.

Is DLN.L's dividend safe?

Derwent London plc has a payout ratio of 56.44%. A payout ratio below 60% is generally considered sustainable.

How is DLN.L's Dividend Health Score calculated?

The Dividend Health Score evaluates Derwent London plc's dividend sustainability across four categories: Payout & Coverage (40%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (20%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate 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 Health Score, 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.