Dividend Information

Dividend information

Dividend history
Dividend DescriptionDateRegular dividend per ordinary share
(sterling pence)		PID per ordinary share
(sterling pence)
2024 final dividend14 May 2025 20.2
2024 interim dividend20 Sep 20249.1* 
2023 final dividend3 May 2024 19.1*
2023 interim dividend22 Sep 2023 8.7*
2022 final dividend4 May 202318.2* 
2022 interim dividend23 Sep 20228.1* 
2021 final dividend04 May 2022 16.9*
2021 interim dividend24 Sep 20217.4* 
2020 final dividend04 May 2021 15.2*
2020 interim dividend24 Sept 20206.9* 
2019 final dividend01 May 2020 14.40*
2019 interim dividend23 Sept 20196.3* 
2018 final dividend02 May 2019 13.25*
2018 interim dividend28 Sept 20185.55* 
2017 final dividend03 May 2018 11.35*
2017 interim dividend29 Sept 20175.25* 
2016 final dividend04 May 2017 11.2*
2016 interim dividend30 Sept 20165.2* 
2015 final dividend05 May 2016 10.6*
2015 interim dividend02 Oct 20155.0* 
2014 final dividend08 May 2015 10.2*
2014 interim dividend03 Oct 20144.9** 
2013 final dividend09 May 2014 9.9**
2013 interim dividend04 Oct 20134.9** 
2012 final dividend26 Apr 2013 9.9**
2012 interim dividend05 Oct 20124.9** 
2011 final dividend04 May 20122.97.0**
2011 interim dividend07 Oct 20114.9 
2010 final dividend05 May 20114.84.8
2010 interim dividend08 Oct 20104.7 
2009 final dividend06 May 2010 9.4*
2009 interim dividend02 Oct 20093.11.5
2008 final dividend06 May 2009 5.4
2008 interim dividend03 Oct 2008 8.3
2007 final dividend23 May 20089.05.7
2007 interim dividend05 Oct 2007 8.3
Special dividend31 Aug 200753 
2006 final dividend25 May 200712.1 
2006 interim dividend06 Oct 20066.9 
2005 final dividend19 May 200611 
2005 interim dividend07 Oct 20056.5 
2004 final dividend16 May 20059.85 
2004 interim dividend10 Oct 20046.15 
2003 final dividend16 May 20038.55 
2002 interim dividend11 Oct 20025.45 
2002 final dividend17 May 20028 
2001 interim dividend12 Oct 20015.1 
2001 final dividend18 May 20017.4 
2000 final dividend19 May 20006.8 
2000 interim dividend19 May 20004.7 
1999 final dividend21 May 19996.275 
1998 interim ordinary01 Sep 19984.125 
1998 final dividend22 May 19982 
1998 second interim01 Mar 19984.125 
1997 interim dividend10 Oct 19973.4 
1997 final dividend23 May 19975.75 
1996 interim dividend11 Nov 19963.25 
1996 final dividend24 May 19965.4 
1995 interim dividend12 Oct 19953.1 
1995 final dividend24 May 19955 
1994 interim dividend13 Oct 19943.1 
1994 final dividend24 May 19945 
1993 interim dividend14 Oct 19933.1 
1993 final dividend25 May 19935 
1992 interim dividend14 Oct 19923.1 
1992 final dividend26 May 19927.15 
1991 interim dividend07 Oct 19914.4 
1991 final dividend28 May 19917.15 
1990 interim dividend09 Oct 19904.2 
1990 final dividend29 May 19906.6 
1989 interim dividend10 Oct 19894.2 
1989 final dividend30 May 19895.6 
1988 interim dividend11 Oct 19883.3 
1988 final dividend23 May 19884.5 
1987 interim dividend14 Oct 19872.8 
1987 final dividend26 May 19874 
1986 interim dividend13 Oct 19862.5 
1986 final dividend27 May 19863.3 

* SCRIP Dividend alternative was offered

** DRIP Dividend alternative was offered

What is the Scrip Dividend Scheme?
The Scrip Dividend Scheme (Scrip) provides shareholders with an opportunity to receive new ordinary shares instead of cash in respect of any dividend and Property Income Distribution (PID) for which the Scrip is offered.

How does the Scrip work?
If you join the Scrip, you will authorise the Company to issue new ordinary shares to you rather than paying you in cash for your relevant dividend. The Scrip will allow you to increase your shareholding in the Company without incurring dealing costs or stamp duty. This is in contrast to the Dividend Reinvestment Plan (DRIP) where the Company’s Registrar, Equiniti Limited, arranged for ordinary shares in the Company to be purchased in the market and the dealing costs and/or stamp duty were met by the shareholder.

How do I join the Scrip?
The Scrip Dividend Scheme booklet and Mandate Form give full details on how the Scrip works and explains how to join.

Questions
If you still have questions after reading the Scrip Booklet, please contact Equiniti Limited using the contact details below:
By post at: Equiniti Limited, Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA
By telephone on: Contact Us. Lines are open 8.30am to 5.30pm (UK time), Monday to Friday (excluding public holdings in England and Wales).

If you are a Euroclear, France shareholder and you have any questions about the procedure for joining the Scrip please contact your Admitted Institutions.

The Dividend Reinvestment Plan (DRIP) has been suspended for the 2014 Final Dividend and for all other dividends where the Scrip is offered.

Elections made to participate in the DRIP will be treated as having been cancelled and any residual cash balances from the DRIP (i.e. any cash amount left over that was not sufficient to purchase an Ordinary Share in relation to past dividends) will be paid to participants in the DRIP as soon as possible following the 2014 Final Dividend Payment Date.

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