MONY Group, the FTSE 250 price comparison group behind MoneySuperMarket and MoneySavingExpert, continues to raise its dividend even as one of its divisions struggles, leaving the shares paying a trailing yield of more than 6%.

The group has paid 12.66p per share in ordinary dividends over the past twelve months, made up of a 9.30p final dividend and a 3.36p interim dividend. At a share price of 206.4p, that gives a trailing yield of 6.13%.

The interim dividend rose 0.9% to 3.36p after the group reported record first-half revenue, and management has pledged a package of shareholder returns worth more than £90 million in 2026, including an ongoing £25 million share buyback.

Record revenue, mixed divisions

For the six months to 30 June 2026, group revenue reached a record £227.1 million, up 1% on a reported basis and 6% on a like-for-like basis. Pre-tax profit rose 2.0% to £61.0 million, basic earnings per share were 8.9p and adjusted earnings per share were 9.7p.

That means first-half earnings covered the interim dividend about 2.6 times on a basic basis and 2.9 times on an adjusted basis, giving the payout a comfortable cushion.

Performance varied sharply between divisions. Insurance revenue grew 4% as car insurance headwinds eased, money revenue climbed 9% led by banking, and home services surged 30%. Cashback went the other way, falling 13%, as weak retail spending and disruption to package holidays held back activity.

Chief executive Peter Duffy said the breadth of the group's brands helped it deliver a strong start to the year, and that it helped customers save an estimated £1.5 billion during the half.

Outlook depends on cashback recovery

Management is confident of meeting full-year expectations and anticipates adjusted earnings before interest, tax, depreciation and amortisation of £140 million to £148 million for 2026, against £145.1 million last year.

The midpoint of that range sits slightly below last year, so the dividend leans on stable rather than rising profit. Shares fell 5.0% to 194.08p on results day, partly reflecting the view that recovery in cashback will be gradual and uneven, although they have since recovered to 206.4p.

Consumer spending and travel disruption remain the swing factors. A return to growth in cashback would take pressure off the three larger divisions, while a figure near the top of the earnings range would reinforce the dividend. Either way, the 6.13% yield sits alongside a payout that current profits appear to support.

Sources: Kalkine and MONY Group.