Special Dividend

Those two wins came at Wolverhampton in June 2025 and then Southwell in July 2025, suggesting Special Dividend takes to the all-weather tracks — artificial surfaces that allow racing to continue year-round regardless of the British weather. Finding a surface a horse genuinely likes is half the battle, and this one seems to have found its comfort zone early.

The recent form figures tell a slightly more complicated story. Reading right to left — oldest to newest — you can see two wins followed by a third place, then a seventh, then a thirteenth in its most recent run. That's a horse that peaked sharply and has since dropped back. Whether that dip is a blip or something the team at Elmbridge need to work through, only time will tell. Trained by Dr Richard Newland and Jamie Insole, Special Dividend is in capable hands — their yard has sent out 49 winners already this season, which speaks to a stable in strong form.

The one thing worth keeping an eye on is timing. That last win at Southwell came on 28 July 2025, which is now 10 months ago, yet the horse raced just one day ago. That means it is currently active but hasn't tasted victory in a while. For a three-year-old with real ability, the question is simply whether it can rediscover what made those first two wins look so straightforward.