Quarterly dividend payments

The Company has now moved to four interim quarterly dividend payments.

 

On 22 February 2018, the Company announced that the Board had declared an interim dividend of 195.2p per ordinary share of 25p, payable in four equal quarterly instalments of 48.8p per ordinary share in May 2018, August 2018, November 2018 and February 2019.

The quarterly dividends are paid to shareholders registered on either the UK main register or the South Africa branch register and to holders of American Depositary Shares (ADSs), each on the applicable record dates set out under the heading ‘Key Dates’ below.

South Africa Branch Register

In accordance with the JSE Limited (JSE) Listing Requirements, the finalisation information relating to shareholders registered on the South Africa branch register (comprising the amount of the dividend in South African rand, the exchange rate and the associated conversion date) will be published on the dates stated below, together with South Africa dividends tax information.

The quarterly dividends are regarded as ‘foreign dividends’ for the purposes of the South Africa Dividends Tax. For the purposes of South Africa Dividends Tax reporting, the source of income for the payment of the quarterly dividends is the United Kingdom.

Holders of ADSs

For holders of ADSs listed on the New York Stock Exchange (NYSE), the record dates and payment dates are set out below. The equivalent quarterly dividends receivable by holders of ADSs in US dollars will be calculated based on the exchange rate on the applicable payment date. A fee of US$0.005 per ADS will be charged by Citibank, N.A. in its capacity as depositary bank for the British American Tobacco American Depositary Receipt (“ADR”) programme in respect of each quarterly dividend payment.

Key dates

2018
2019

In compliance with the requirements of the London Stock Exchange (LSE), the NYSE and Strate, the electronic settlement and custody system used by the JSE, the following salient dates for the remaining quarterly dividends payments for the year ended 31 December 2017 are applicable.  All dates are 2018, unless otherwise stated.

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
Preliminary announcement (includes declaration data required for JSE purposes) 22 February
Publication of finalisation information (JSE) 12 March* 19 June* 25 September 13 December
No removal requests permitted between the UK main register and the South Africa branch register 12 March to 23 March (inclusive) 19 June to 29 June (inclusive) 25 September to 5 October (inclusive) 13 December to 28 December (inclusive)
Last Day to Trade (LDT) cum dividend (JSE) 19 March 26 June 2 October 21 December
Shares commence trading ex-dividend (JSE) 20 March 27 June 3 October 24 December
No transfers permitted between the UK main register and the South Africa branch register 20 March to 23 March (inclusive) 27 June to 29 June (inclusive) 3 October to 5 October (inclusive) 24 December to 28 December (inclusive)
No shares may be dematerialised or rematerialised on the South Africa branch register 20 March to 23 March (inclusive) 27 June to 29 June (inclusive) 3 October to 5 October (inclusive) 24 December to 28 December (inclusive)
Shares commence trading ex-dividend
(LSE and NYSE)
22 March 28 June 4 October 27 December
Record date
(JSE, LSE and NYSE)
23 March 29 June 5 October 28 December
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 17 April 18 July 25 October 17 January 2019
Payment date (LSE and JSE) 9 May 8 August 15 November 7 February 2019
ADS payment date (NYSE) 14 May 13 August 20 November 12 February 2019

*South Africa Branch Register Finalisation Information, Payment No. 1 - May 2018 (498 kb) 

*South Africa Branch Register Finalisation Information, Payment No. 2 - August 2018 (96 kb) 

Letters to shareholders

Letters to shareholders regarding the introduction of quarterly dividend payments from 2018:

UK Dividend Letter - 31 May 2017 (48 kb) 

South Africa Dividend Letter - 2 Jun 2017 (165 kb) 

Proposed Dates for Quarterly Dividend Payments for the Year Ending 31 December 2018
Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
Last day to trade
(JSE)
18 March 2019 25 June 2019 1 October 2019 20 December 2019
Ex-dividend date
(JSE)
19 March 2019 26 June 2019 2 October 2019 23 December 2019
Ex-dividend date
(LSE)
21 March 2019 27 June 2019 3 October 2019 24 December 2019
Ex-dividend date
(NYSE)
21 March 2019 27 June 2019 3 October 2019 26 December 2019
Record date
(JSE, LSE and NYSE)
22 March 2019 28 June 2019 4 October 2019 27 December 2019
Payment date
(LSE and JSE)
8 May 2019 8 August 2019 14 November 2019 6 February 2020
ADS payment date
(NYSE)
13 May 2019 13 August 2019 19 November 2019 11 February 2020

Notes:

(1) A complete timetable for the quarterly dividend payments for the year ending 31 December 2018 and the declared amount will be included in the Preliminary Results Announcement in February 2019.

(2) The dates set out above may be subject to any changes to public holidays arising and changes or revisions to the LSE, JSE and NYSE timetables. Any confirmed changes to the dates will be announced.

max
xlarge
large
medium
small
mobile