Dividend history

We pay our dividends on a quarterly basis. The dividend may be paid as Property Income Distribution (PID) or non-PID (which is treated as a normal dividend). We may also offer a Scrip alternative.

On 16 July 2014, the Board confirmed that the first interim dividend payment for the quarter ending 30 June 2014 will be 6.92 pence per share, a 2.5% increase on the comparable period last year. The first interim dividend will be paid on 7 November 2014 to shareholders on the register at close of business on 3 October 2014. An announcement on the availability of the split between PID and non-PID income along with the availability of any scrip dividend alternative will be made no later than 4 business days before the ex-dividend date of 1 October 2014.

The fourth interim dividend of 6.75 pence per share is due to be paid on 08 August 2014, to shareholders on the register at close of business on 04 July 2014 and will be a Property Income Distribution ('PID'). The Company will be offering a Scrip alternative with this dividend which will be treated as a Non-Property Income Distribution ('Non-PID'). The Scrip Calculation Price is 693.3p and the deadline for submitting a mandate (or withdrawing an existing mandate) was 5pm on 18 July 2014.

 

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

2008/9

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

Dividend History

Dividend per share1 2011 2010 2009 2008 2007 2006

1Adjusted for the Rights Issue of 341m shares in March 2009.
2Underlying profit after tax / total dividend paid.

Declared 26.0p 26.0p 29.8p 29.0p 16.9p 14.1p
Paid 26.0p 26.0p 30.03p 26.8p 14.4p 13.3p
Dividend Cover2   1.1 1.4 1.7 2.5 2.2

If you receive unsolicited communications from someone suggesting they are acting for British Land or our registrars, before taking any action, please check their details with our registrars, the Financial Services Authority or British Land, as they may be attempting to defraud you. See the shareholder information section for more detail.

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