WH Smith Dividends and Buybacks

Dividend criteria checks 2/6

WH Smith is a dividend paying company with a current yield of 4.77%.

Key information

4.8%

Dividend yield

2.6%

Buyback Yield

Total Shareholder Yield	7.4%
Future Dividend Yield	4.9%
Dividend Growth	-4.4%
Next dividend pay date	n/a
Ex dividend date	n/a
Dividend per share	n/a
Payout ratio	622%

Recent dividend and buyback updates

WH Smith (LON:SMWH) Has Announced A Dividend Of £0.113

Jun 20

WH Smith (LON:SMWH) Will Pay A Dividend Of £0.113

Apr 19

Recent updates

WH Smith's (LON:SMWH) Shareholders Will Receive A Bigger Dividend Than Last Year

Dec 04

Investors Appear Satisfied With WH Smith PLC's (LON:SMWH) Prospects

Nov 16

Is Now The Time To Look At Buying WH Smith PLC (LON:SMWH)?

Sep 24

WH Smith PLC's (LON:SMWH) P/E Is On The Mark

Aug 07

WH Smith (LON:SMWH) Is Due To Pay A Dividend Of £0.11

Jun 28

WH Smith (LON:SMWH) Has Announced A Dividend Of £0.11

Jun 14

Is Now The Time To Look At Buying WH Smith PLC (LON:SMWH)?

Jun 12

Here's Why WH Smith (LON:SMWH) Can Manage Its Debt Responsibly

May 21

WH Smith (LON:SMWH) Will Pay A Dividend Of £0.11

Apr 28

WH Smith PLC (LON:SMWH) Shares Could Be 34% Above Their Intrinsic Value Estimate

Mar 21

Is It Time To Consider Buying WH Smith PLC (LON:SMWH)?

Feb 29

We Think WH Smith (LON:SMWH) Can Stay On Top Of Its Debt

Jan 08

We Think WH Smith's (LON:SMWH) Robust Earnings Are Conservative

Dec 18

WH Smith (LON:SMWH) Has Announced That It Will Be Increasing Its Dividend To £0.208

Dec 13

WH Smith (LON:SMWH) Is Increasing Its Dividend To £0.208

Nov 16

Is WH Smith PLC (LON:SMWH) Potentially Undervalued?

Nov 10

A Look At The Fair Value Of WH Smith PLC (LON:SMWH)

Oct 04

Here's Why WH Smith (LON:SMWH) Can Manage Its Debt Responsibly

Jul 14

WH Smith PLC (LON:SMWH) Shares Could Be 33% Above Their Intrinsic Value Estimate

Jun 22

Is It Time To Consider Buying WH Smith PLC (LON:SMWH)?

May 05

A Look At The Intrinsic Value Of WH Smith PLC (LON:SMWH)

Mar 18

Is Now An Opportune Moment To Examine WH Smith PLC (LON:SMWH)?

Jan 18

WH Smith (LON:SMWH) Seems To Use Debt Quite Sensibly

Dec 05

Estimating The Fair Value Of WH Smith PLC (LON:SMWH)

Aug 25

At UK£14.46, Is WH Smith PLC (LON:SMWH) Worth Looking At Closely?

Aug 04

Is WH Smith (LON:SMWH) A Risky Investment?

May 27

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: SMWH's dividend payments have been volatile in the past 10 years.

Growing Dividend: SMWH's dividend payments have fallen over the past 10 years.

Dividend Yield vs Market

WH Smith Dividend Yield vs Market

How does SMWH dividend yield compare to the market?
Segment	Dividend Yield
Company (SMWH)	4.8%
Market Bottom 25% (GB)	2.1%
Market Top 25% (GB)	5.4%
Industry Average (Specialty Retail)	3.6%
Analyst forecast (SMWH) (up to 3 years)	4.9%

Notable Dividend: SMWH's dividend (4.77%) is higher than the bottom 25% of dividend payers in the UK market (2.05%).

High Dividend: SMWH's dividend (4.77%) is low compared to the top 25% of dividend payers in the UK market (5.36%).

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (622.3%), SMWH's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (23.2%), SMWH's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/08/25 20:39
End of Day Share Price	2025/08/22 00:00
Earnings	2025/02/28
Annual Earnings	2024/08/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

WH Smith PLC is covered by 38 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Richard Taylor	Barclays
Benjamin Sandland-Taylor	Berenberg
Ian Macdougall	Blue Oar Securities

WH Smith Dividends and Buybacks

Dividend criteria checks 2/6

Key information

Recent dividend and buyback updates

Upcoming dividend of UK£0.11 per share

WH Smith (LON:SMWH) Has Announced A Dividend Of £0.113

WH Smith (LON:SMWH) Will Pay A Dividend Of £0.113

First half dividend increased to UK£0.11

WH Smith PLC Declares an Interim Dividend for the Period Ended 28 February 2025, Payable on 31 July 2025

Upcoming dividend of UK£0.23 per share

Recent updates

Consensus EPS estimates fall by 14%

Risks Still Elevated At These Prices As WH Smith PLC (LON:SMWH) Shares Dive 40%

Price target decreased by 11% to UK£11.61

New major risk - Share price stability

Now 29% undervalued after recent price drop

The Return Trends At WH Smith (LON:SMWH) Look Promising

Now 20% overvalued after recent price rise

Calculating The Intrinsic Value Of WH Smith PLC (LON:SMWH)

Card Factory plc (LSE:CARD) agreed to acquire Funkypigeon.Com Limited from WH Smith PLC (LSE:SMWH) for £24 million.

Now 20% overvalued after recent price rise

At UK£10.80, Is It Time To Put WH Smith PLC (LON:SMWH) On Your Watch List?

Upcoming dividend of UK£0.11 per share

Modella Capital Limited completed the acquisition of UK High Street business of WHSmith for £40 million.

WH Smith (LON:SMWH) Has Announced A Dividend Of £0.113

Palliser Capital Announces it Plans to Improve Shareholder Returns at WH Smith

WH Smith PLC's (LON:SMWH) Shareholders Might Be Looking For Exit

Consensus EPS estimates increase by 17%, revenue downgraded

WH Smith (LON:SMWH) Is Experiencing Growth In Returns On Capital

Now 21% overvalued

WH Smith PLC to Report Fiscal Year 2025 Results on Nov 13, 2025

WH Smith's (LON:SMWH) Soft Earnings Don't Show The Whole Picture

WH Smith (LON:SMWH) Will Pay A Dividend Of £0.113

First half dividend increased to UK£0.11

New minor risk - Profit margin trend

First half 2025 earnings released: UK£0.34 loss per share (vs UK£0.13 profit in 1H 2024)

Consensus EPS estimates fall by 69%

WH Smith PLC Declares an Interim Dividend for the Period Ended 28 February 2025, Payable on 31 July 2025

Is WH Smith PLC (LON:SMWH) Trading At A 27% Discount?

Now 22% undervalued after recent price drop

Now 23% undervalued after recent price drop

Smith's Family Kitchen Launch And US Expansion Will Strengthen Market Position

At UK£12.38, Is It Time To Put WH Smith PLC (LON:SMWH) On Your Watch List?

Consensus EPS estimates increase by 10%

HMV Owner Reportedly Mulls WH Smith Swoop

WH Smith Reportedly in Secret Talks to Sell Historic High Street Arm

Are Investors Undervaluing WH Smith PLC (LON:SMWH) By 28%?

Upcoming dividend of UK£0.23 per share

High number of new directors

WH Smith (LON:SMWH) Is Paying Out A Larger Dividend Than Last Year

WH Smith PLC, Annual General Meeting, Jan 29, 2025

WH Smith PLC to Report First Half, 2025 Results on Apr 16, 2025

WH Smith's (LON:SMWH) Shareholders Will Receive A Bigger Dividend Than Last Year

Final dividend increased to UK£0.23

Investors Appear Satisfied With WH Smith PLC's (LON:SMWH) Prospects

Full year 2024 earnings: EPS misses analyst expectations

WH Smith PLC Proposes Final Dividend for the Year Ended 31 August 2024, Payable on 6 February 2025

WH Smith PLC (LSE:SMWH) announces an Equity Buyback for £25 million worth of its shares.

Is Now The Time To Look At Buying WH Smith PLC (LON:SMWH)?

WH Smith PLC's (LON:SMWH) P/E Is On The Mark

Upcoming dividend of UK£0.11 per share

WH Smith (LON:SMWH) Is Due To Pay A Dividend Of £0.11

WH Smith (LON:SMWH) Has Announced A Dividend Of £0.11

WH Smith PLC Announces Board and Audit Committee Changes

Is Now The Time To Look At Buying WH Smith PLC (LON:SMWH)?

Here's Why WH Smith (LON:SMWH) Can Manage Its Debt Responsibly

WH Smith (LON:SMWH) Will Pay A Dividend Of £0.11

First half dividend increased to UK£0.11

WH Smith PLC Declares an Interim Dividend in Respect of the Period Ending 29 February 2024, Payable on 1 August 2024

First half 2024 earnings released: EPS: UK£0.13 (vs UK£0.25 in 1H 2023)

WH Smith PLC (LON:SMWH) Shares Could Be 34% Above Their Intrinsic Value Estimate

WH Smith PLC Announces CFO Changes

WH Smith PLC Announces Executive Changes

Is It Time To Consider Buying WH Smith PLC (LON:SMWH)?

WH Smith Announces Board Changes

We Think WH Smith (LON:SMWH) Can Stay On Top Of Its Debt

We Think WH Smith's (LON:SMWH) Robust Earnings Are Conservative

Full year 2023 earnings: EPS misses analyst expectations

WH Smith (LON:SMWH) Has Announced That It Will Be Increasing Its Dividend To £0.208

WH Smith (LON:SMWH) Is Increasing Its Dividend To £0.208