Declared Dividend • 4hFourth quarter dividend increased to UK£0.02Dividend of UK£0.02 is 1.0% higher than last year. Ex-date: 3rd September 2026 Payment date: 25th September 2026 Dividend yield will be 8.9%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (134% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 49% to bring the payout ratio under control, which is more than the 32% EPS growth achieved over the last 5 years.
New Risk • Jun 22New major risk - Revenue and earnings growthEarnings have declined by 42% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 134% Paying a dividend despite having no free cash flows. Earnings have declined by 42% per year over the past 5 years.
Announcement • Jun 20Foresight Environmental Infrastructure Limited Announces Board and Committee ChangesForesight Environmental Infrastructure Limited announced Ed Warner will step down from the FGEN Board and Nomination Committee with effect from the conclusion of the AGM on 17 September 2026. Stephanie Coxon, currently Senior Independent Director and Chair of the Audit Committee, will succeed as Chair with effect from 17 September 2026. having served as non-executive director since 11 June 2020,audit committee chair since 2 September 2021 and senior independent director since 1 April 2023. Alan Bates will be appointed to the role of Senior Independent Director. The Board announced that Stephanie Coxon, currently Senior Independent Director ("SID") and Chair of the Audit Committee, will succeed Ed as Chair. In doing so, Stephanie will also step back from her role as Chair of the Audit Committee and SID. Stephanie is an experienced FTSE 250 Non-Executive Director with over twenty years' experience across listed businesses, investment companies, private equity, infrastructure, and real estate. Stephanie's current board roles include Non-Executive Director positions at International Public Partnershi.
