Dividends

Dividends are normally paid twice a year – an interim dividend in July and a final dividend in February. Dividends are paid on the number of shares in your account on the relevant record date. The Directors adopt a progressive dividend policy while maintaining an appropriate level of dividend cover.

You can choose whether to take your dividends in cash or to reinvest them in more shares under our Dividend Reinvestment Plan (DRIP).

DIVIDEND MANDATES

If you choose to take your dividend as cash, you can have these paid directly into a Sterling bank or building society account in the UK. The easiest way to arrange this is to register on Shareview, the share portal for managing your shareholding. Alternatively, you can complete a dividend mandate form and return it to the Registrar by post. Your instruction must be received by the Registrar before the record date for a dividend in order for it to be implemented for that payment.

If you live outside the UK, our Registrar offers an Overseas Payment Service, which provides dividend payments that are automatically converted into your local currency and paid directly into your bank account. The service is available in over 90 countries worldwide and it normally costs less than paying in a sterling cheque, You can find more information and download application forms via Shareview.

If you don’t instruct us to pay your cash dividend into your bank account, you will be sent a Sterling cheque to your registered address. You are strongly advised to register on Shareview to keep your details up to date.

DIVIDEND REINVESTMENT PLAN (DRIP)

Shareholders can choose to reinvest dividends received to purchase further shares in the Company. The purchases are made on, or as soon as reasonably practicable, after the dividend payment date, at the market price(s) available at the time. Any surplus cash dividend remaining is carried forward and added to your next dividend payment.

New applications to participate in the DRIP must be received at least 15 working days before any future dividend payment date. If you have any queries about the DRIP, please visit Shareview or contact the Registrar.

Download the Dividend Reinvestment Plan Booklet.

Download the Dividend Reinvestment Plan Application Form.

DIVIDEND HISTORY

Dividends paid to date are as follows: 

 * Second interim dividend (in lieu of final dividend).