The Board is pleased to announce a modest interim dividend of 40p per share which will be paid on 14 September 2020 to shareholders on the register on 28 August 2020. The Board will continue to assess whether a further dividend may be paid prior to the end of the current financial year in satisfaction of the Board’s previously indicated final dividend for 2019.
The schedule of payments made or planned to be made under the Capital Return Plan are as follows:
Original Plan | New Plan | Original Plan Pence Per Share | New Plan Pence Per Share |
|---|
28 June 2013 | 28 June 2013 4 July 2014 | 75 - | 75 paid▲ 70 paid▲ |
30 June 2015 | 2 April 2015 1 April 2016 31 March 2017 | 95 - - | 95 paid▲ 110 paid‡ 25 paid‡ |
30 June 2017 | 3 July 2017 29 March 2018 2 July 2018 | 110 - - | 110 paid‡ 125 paid‡ 110 paidΩ |
30 June 2019 | 29 March 2019 2 July 2019 | - 110 | 125 paid‡ 110 paidΩ |
30 June 2020 | 2 April 2020 6 July 2020 14 September 2020 | - 115 - | 125 cancelled 110 postponed
40* |
30 June 2021 | Late March 2021 Early July 2021 | - 115 | 110* 125* |
* Current anticipated profile of payments.
▲ Paid by a B/C Share Issue.
‡ Paid as an Interim Dividend.
Ω Paid as a Final Dividend.
Covid-19 - dividend cancellation and postponement
Due to the major social and economic disruption caused by the Covid-19 pandemic, after careful assessment of the capital needs of the business, the Board (i) cancelled the 125p per share interim dividend that was scheduled to be paid on 2 April 2020 and (ii) postponed the payment of the final dividend for the 2019 financial year of 110p per share that was scheduled to be paid on 6 July 2020.
Interim dividend of 40p per share to be paid on 14 September 2020:
- Ex-dividend date: 27 August 2020
- Record date: 28 August 2020
- Payment date: 14 September 2020