M&G’s 2025 Annual Report lands, and investors get a 13.8p second interim dividend
M&G plc has released its 2025 Annual Report and Accounts and, importantly for income seekers, declared a second interim dividend of 13.8 pence per share. That takes the total dividend for the year to 20.5 pence per share.
The timetable is set: the shares go ex-dividend on 19 March 2026, the record date is 20 March 2026, and cash is due to be paid on 30 April 2026. The company also says its 2026 Notice of AGM will be mailed to shareholders on 26 March 2026, in line with communication preferences.
Dividend breakdown and key dates you need
| Second interim dividend | 13.8 pence per share |
| Total dividend for the year | 20.5 pence per share |
| Ex-dividend date | 19 March 2026 |
| Record date | 20 March 2026 |
| Payment date | 30 April 2026 |
Who actually gets the dividend? Quick explainer
Ex-dividend date is the first trading day when the shares trade without the right to the upcoming dividend. If you want to receive the 13.8p payment, you need to own the shares before 19 March 2026. The record date (20 March 2026) is when the company checks the shareholder register to confirm eligibility, and the payment date (30 April 2026) is when the cash is scheduled to reach you.
Why this RNS matters for retail investors
Dividend certainty and timing matter. Today’s update locks in the cash return to shareholders for the 2025 financial year at 20.5p per share and gives a clear timetable for when the money arrives. For income-focused portfolios, those dates help with cash flow planning.
It also signals that the board has moved ahead with a second interim dividend, rather than waiting for the AGM to approve a final distribution. While the RNS is concise, it confirms the amount and dates – the two things investors care about most at this stage.
My take: what’s positive and what to watch
- Positive – firm cash number: A second interim dividend of 13.8p and a total of 20.5p for the year provide clarity. In absolute terms, that’s a meaningful cash return figure for the year.
- Positive – near-term payment: With ex-dividend in March and payment in late April, the cash is not far off, which is helpful for investors planning income around the new tax year.
- Watchpoint – limited detail here: This announcement is deliberately narrow. It doesn’t include trading performance, capital position, dividend cover or forward-looking guidance. If you’re weighing the sustainability of the payout, you will need the full Annual Report.
- Watchpoint – read the source documents: The RNS notes that the information required under the Disclosure Guidance & Transparency Rules appears in unedited full text within the Annual Report. That is where you’ll find the deeper dive on risk, capital, and governance.
Annual Report and AGM: where to find the detail
M&G says the 2025 Annual Report and Accounts are available on the company’s website and have been submitted to the Financial Conduct Authority’s National Storage Mechanism. You can inspect the filing on the FCA site here:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The 2026 Notice of Annual General Meeting will be mailed to shareholders on 26 March 2026. If you hold via a broker or nominee, look out for their communications about voting cut-offs and how to submit instructions.
How I’d interpret this for portfolio decisions
For existing shareholders, nothing surprising – and that is a good thing. You now have certainty on the 2025 total dividend and a clear timetable. If income is your focus, diarise the ex-dividend date and payment date and move on to reading the Annual Report for the context behind the payout.
For potential buyers, remember this RNS confirms the dividend but does not discuss earnings, cash generation, solvency or outlook. If you’re evaluating an entry point based on income, the next step is to review the Annual Report to understand the durability of the dividend – coverage, capital headroom and any stated policy – because those details are not disclosed in this announcement.
Practical next steps
- Mark the dates: Ex-dividend 19 March 2026, record 20 March 2026, payment 30 April 2026.
- Check your holding method: If you own shares via a nominee account, your broker handles the record date process, but confirm any internal deadlines they may set.
- Read the full documents: The RNS explicitly says it is not a substitute for the Annual Report. That’s where the unedited disclosures live under DTR 6.3.5R(1A).
Key contacts from the RNS
Media enquiries: Irene Chambers (+44 (0) 7825 696 815), Will Sherlock (+44 (0) 7786 836 562), James Gallagher (+44 (0) 7552 374245). Investor/analyst enquiries: Luca Gagliardi (+44 (0) 20 8162 7301). Company Secretariat: Christopher Smyth (+44 (0) 20 8162 0527).
Bottom line
This is a clean, no-drama update: Annual Report published, dividend confirmed, dates set. The headline for shareholders is simple – 13.8p second interim, 20.5p total for the year, with cash due at the end of April. For everything else – performance, risks and outlook – go to the Annual Report, because this RNS does not include those details.
