Dividends

British Land pays a dividend every quarter. The dividend may be paid as Property Income Distribution ('PID'), Non-Property Income Distribution ('non-PID') or a mixture of the two. We may also offer shareholders the opportunity to receive new ordinary shares instead of a cash dividend, via the Scrip Dividend Scheme.

You can find out more about our dividends in our Frequently Asked Questions.

Future Dividend Payments

Second Interim Dividend 2015/16

On 17 November 2015, the Board confirmed that the second interim dividend payment for the quarter ended 30 September 2015 will be 7.09 pence per share, a 2.5% increase on the comparable period last year. This is in line with our commitment to raise the annual dividend by 2.5%, bringing the full year dividend for 2015/16 to 28.36 pence per share.

The second interim dividend will be paid on 12 February 2016 to shareholders on the register at close of business on 8 January 2016 and will be a PID. The Company will be offering a scrip dividend alternative with this dividend which will also be treated as a PID. The scrip calculation price is 745.1 pence and the deadline for submitting a mandate (or withdrawing an existing mandate is 5pm on 22 January 2016.

Past Dividend Payments

2015/16
Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total
1st Interim 1 Oct 15 6 Nov 15 Yes 7.09p   7.09p

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.

2014/15
Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total
4th Interim 2 Jul 15 7 Aug 15 Yes 6.92p2   6.92p
3rd Interim 26 Mar 15 6 May 15 No 6.92p   6.92p
2nd Interim 8 Jan 15 13 Feb 15 No 6.92p   6.92p
1st Interim 1 Oct 14 7 Nov 14 Yes 6.92p   6.92p

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
2Scrip alternative treated as Non-PID for this dividend.

2013/14
Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total
4th Interim 2 Jul 14 8 Aug 14 Yes 6.75p2

 

6.75p
3rd Interim 19 Mar 14 2 May 14 Yes 6.75p2   6.75p
2nd Interim 8 Jan 14 14 Feb 14 Yes 6.75p     6.75p
1st Interim 2 Oct 13 8 Nov 13 Yes 6.75p     6.75p

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
2Scrip alternative treated as Non-PID for this dividend.

2012/13
Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
2Scrip alternative treated as Non-PID for this dividend.

4th Interim 3 Jul 13 9 Aug 13 Yes 6.60p2   6.60p
3rd Interim 27 Mar 13 10 May 13 Yes 6.60p2   6.60p
2nd Interim 9 Jan 13 15 Feb 13 Yes 6.60p2   6.60p
1st Interim 3 Oct 12 9 Nov 12 Yes 6.60p2   6.60p
2011/12
Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.

4th Interim 4 Jul 12 10 Aug 12 No 3.30p 3.30p 6.60p
3rd Interim 28 Mar 12 9 May 12 No 6.50p   6.50p
2nd Interim 11 Jan 12 17 Feb 12 No 6.50p   6.50p
1st Interim 5 Oct 11 11 Nov 11 No 6.50p   6.50p
2010/11
Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.

4th Interim 6 Jul 11 12 Aug 11 Yes 6.50p   6.50p
3rd Interim 30 Mar 11 13 May 11 Yes 6.50p   6.50p
2nd Interim 12 Jan 11 18 Feb 11 Yes 6.50p   6.50p
1st Interim 6 Oct 10 12 Nov 10 Yes   6.50p 6.50p
2009/10
Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.

4th Interim 7 Jul 10 13 Aug 10 Yes   6.50p 6.50p
3rd Interim 7 April 10 14 May 10 Yes   6.50p 6.50p
2nd Interim 13 Jan 10 12 Feb 10 Yes   6.50p 6.50p
1st Interim 14 Oct 09 13 Nov 09 Yes   6.50p 6.50p
2008/09
Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
2If you elected for the Scrip alternative on this dividend, the Scrip was treated as non-PID.

4th Interim 15 Jul 09 14 Aug 09 Yes 6.50p2   6.50p
3rd Interim 25 Feb 09 15 May 09 No 9.375p     9.375p
2nd Interim 14 Jan 09 13 Feb 09 No 2.00p   7.375p 9.375p
1st Interim 15 Oct 08 14 Nov 08 No 6.70p   2.675p 9.375p