Marks & Spencer Doubles Dividend and Sets Online Sales Targets

Key Facts

Marks & Spencer announced it will double its full-year dividend for the 2026-27 financial year to 8.4p, up from 4.2p. Drapers reported that the retailer intends to grow future dividends at least in line with earnings as part of its growth transformation agenda. The company also set a strategic target for online sales to account for nearly half of its total clothing and home revenue.

The fashion, home, and beauty division at Marks & Spencer saw sales rise 17.5% to nearly £2bn in its interim results, though figures remained slightly below 2024-25 levels. In a memo to the London Stock Exchange, the company stated it is aiming for mid-to-high single-digit sales growth at the group level over the medium term, with a focus on ensuring profit grows faster than sales.