British American Tobacco - Quarterly dividend payments

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Quarterly dividend payments

Quarterly dividend payments

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

With effect from 2018, the Company will move to four interim quarterly dividend payments.

On 8 February 2024, the Company announced that the Board had declared an interim dividend of 235.52p per ordinary share of 25p, payable in four equal quarterly instalments of 58.88p per ordinary share in May 2024, August 2024, November 2024 and February 2025.

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. With effect from 1 May 2024, the applicable fee per ADS in respect of each quarterly dividend payment will be US$0.01.

Key dates

2024
2023
2022
2021
2020
2019
Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 13 May 13 August 19 November 11 February 2020
Payment date (JSE) 09 May 08 August 14 November 06 February 2020
Payment date (LSE) 08 May 08 August 14 November 06 February 2020
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 12 April 18 July 24 October 16 January 2020
Record date
(JSE, LSE and NYSE)
22 March 28 June 04 October 27 December
Shares commence trading ex-dividend NYSE 21 March 27 June 03 October 26 December
Shares commence trading ex-dividend LSE 21 March 27 June 03 October 24 December
No shares may be dematerialised or rematerialised on the South Africa branch register 19 March to 22 March (inclusive) 26 June to 28 June (inclusive) 2 October to 4 October (inclusive) 23 December to 27 December (inclusive)
No transfers permitted between the UK main register and the South Africa branch register 19 March to 22 March (inclusive) 26 June to 28 June (inclusive) 2 October to 4 October (inclusive) 23 December to 27 December (inclusive)
Shares commence trading ex-dividend (JSE) 19 March 26 June 02 October 23 December
Last Day to Trade (LDT) cum dividend (JSE) 18 March 25 June 1 October 20 December
No removal requests (in either direction) permitted between the UK main register and the South Africa branch register 11 March to 22 March (inclusive) 18 June to 28 June (inclusive) 23 September to 4 October (inclusive) 12 December to 27 December (inclusive)
Publication of finalisation information (JSE) *11 March *18 June *23 September *12 December
Preliminary announcement (includes declaration data required for JSE purposes) 28 February

Note :

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.


*South Africa Branch Register Finalisation Information, Payment No. 1 - May 2019 (100 kb)

*South Africa Branch Register Finalisation Information, Payment No. 2 - August 2019 (98 kb)

*South Africa Branch Register Finalisation Information, Payment No. 3 - November 2019 (178 kb)

*South Africa Branch Register Finalisation Information, Payment No. 4 - February 2020 (122 kb)

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 18 May 24 August 17 November 8 February 2021
Payment date (LSE and JSE) 13 May 19 August 12 November 3 February 2021
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 21 April 29 July 22 October 13 January 2021
Record date (JSE, LSE and NYSE) 27 March 10 July 2 October 18 December
Shares commence trading Ex-dividend date (LSE and NYSE) 26 March 9 July 1 October 17 December
No shares may be dematerialised or rematerialised on the South Africa branch register 25 March to 27 March (inclusive) 8 July to 10 July (inclusive) 30 September to 2 October (inclusive) 15 December to 18 December (inclusive)
No transfers permitted between the UK main register and the South Africa branch register 25 March to 27 March (inclusive) 8 July to 10 July (inclusive) 30 September to 2 October (inclusive) 15 December to 18 December (inclusive)
Shares commence trading Ex-dividend date (JSE) 25 March 8 July 30 September 15 December
Last day to trade (JSE) 24 March 7 July 29 September 14 December
No removal requests permitted between the UK main register and the South Africa branch register 17 March to 27 March (inclusive) 30 June to 10 July (inclusive) 21 September to 2 October (inclusive) 7 December to 18 December (inclusive)
Publication of finalisation information (JSE) *17 March *30 June *21 September *7 December
Preliminary announcement (includes declaration data required for JSE purposes) 27 February

Notes :

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.

*South Africa Branch Register Finalisation Information, Payment No. 1 – May 2020 (0.2 mb)

*South Africa Branch Register Finalisation Information, Payment No. 2 – August 2020 (0.2 mb)

*South Africa Branch Register Finalisation Information, Payment No. 3 – November 2020 (0.2 mb)

*South Africa Branch Register Finalisation Information, Payment No. 4 - February 2021 (123 kb)

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 17 May 24 August 16 November 14 February 2022
Payment date (LSE and JSE) 12 May 19 August 11 November 9 February 2022
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 20 April 29 July 21 October 19 January 2022
Record date (JSE, LSE and NYSE) 26 March 9 July 1 October 24 December
Ex-dividend date (LSE and NYSE) 25 March 8 July 30 September 23 December
No shares may be dematerialised or rematerialised on the South Africa branch register 24 March to 26 March (inclusive) 7 July to 9 July (inclusive) 29 September to 1 October 22 December to 24 December
No transfers permitted between the UK main register and the South Africa branch register 24 March to 26 March (inclusive) 7 July to 9 July (inclusive) 29 September to 1 October 22 December to 24 December
Ex-dividend date (JSE) 24 March 2021 7 July 29 September 22 December
Last day to trade (JSE) 23 March 2021 6 July 28 September 21 December
No removal requests permitted between the UK main register and the South Africa branch register 15 March to 26 March (inclusive) 29 June to 9 July (inclusive) 20 September to 1 October (inclusive) 13 December to 24 December (inclusive)
Publication of finalisation information (JSE) *15 March *29 June *20 September *13 December
Preliminary announcement (includes declaration data required for JSE purposes) 17 February

Notes :

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.

*South Africa Branch Register Finalisation Information, Payment No. 1 - May 2021 (122 kb)

*South Africa Branch Register Finalisation Information, Payment No. 2 - August 2021 (123 kb)

*South Africa Branch Register Finalisation Information, Payment No. 3 - November 2021 (123 kb)

*South Africa Branch Register Finalisation Information, Payment No. 4 - February 2022 (122 kb)

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 9 May 22 August 15 November 6 February 2023
Payment date (LSE and JSE) 4 May 17 August 10 November 2 February 2023
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 8 April 27 July 20 October 12 January 2023
Record date (JSE, LSE and NYSE) 25 March 8 July 30 September 23 December
Shares commence trading ex-dividend (LSE and NYSE) 24 March 7 July 29 September 22 December
No shares may be dematerialised or rematerialised on the South Africa branch register 23 March-
28 March
(inclusive)
6 July-
11 July
(inclusive)
28 September-
3 October
(inclusive)
21 December-
27 December
(inclusive)
No transfers permitted between the UK main register and the South Africa branch register 23 March-
28 March
(inclusive)
6 July-
11 July
(inclusive)
28 September-
3 October
(inclusive)
21 December-
27 December
(inclusive)
Shares commence trading ex-dividend (JSE) 23 March 6 July 28 September 21 December
Last Day to Trade (LDT) cum dividend (JSE) 22 March 5 July 27 September 20 December
No removal requests permitted between the UK main register and the South Africa branch register 14 March-
28 March
(inclusive)
28 June-
11 July
(inclusive)
20 September-
3 October
(inclusive)
12 December-
27 December
(inclusive)
Publication of finalisation information (JSE) *14 March *28 June *20 September *12 December
Preliminary announcement (includes declaration data required for JSE purposes) 11 February

Notes :

(1) A complete timetable for the quarterly dividend payments for the year ending 31 December 2021 and the declared amount will be included in the Preliminary Results Announcement in February 2022.
(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.

*South Africa Branch Register Finalisation Information, Payment No. 1 - May 2022 (123 kb)

*South Africa Branch Register Finalisation Information, Payment No. 2 - August 2022 (194 kb)

*South Africa Branch Register Finalisation Information, Payment No. 3 - November 2022 (173 kb)

*South Africa Branch Register Finalisation Information, Payment No. 4 - February 2023 (176 kb)

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 8 May 23 August 8 November 6 February 2024
Payment date (LSE and JSE) 3 May 18 August 3 November 1 February 2024
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 11 April 28 July 13 October 11 January 2024
Record date (JSE, LSE and NYSE) 24 March 14 July 29 September 22 December
Shares commence trading ex-dividend (LSE and NYSE) 23 March 13 July 28 September 21 December
No shares may be dematerialised or rematerialised on the South Africa branch register 22 March-
27 March
12 July-
17 July
27 September-
2 October
20 December-
27 December
No transfers permitted between the UK main register and the South Africa branch register 22 March-
27 March
12 July-
17 July
27 September-
2 October
20 December-
27 December
Shares commence trading ex-dividend (JSE) 22 March 12 July 27 September 20 December
Last Day to Trade (LDT) cum dividend (JSE) 20 March 11 July 26 September 19 December
No removal requests permitted between the UK main register and the South Africa branch register 13 March-
27 March
4 July-
17 July
18 September-
2 October
12 December-
27 December
Publication of finalisation information (JSE) *13 March *4 July *18 September *12 December
Preliminary announcement (includes declaration data required for JSE purposes) 9 February

Notes :

(1) A complete timetable for the quarterly dividend payments for the year ending 31 December 2022 and the declared amount is included in the Preliminary Results Announcement in February 2023.
(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.

*South Africa Branch Register Finalisation Information, Payment No. 1 – May 2023 (0.2 mb)

*South Africa Branch Register Finalisation Information, Payment No. 2 – August 2023 (0.2 mb)

*South Africa Branch Register Finalisation Information, Payment No. 3 – November 2023 (0.2 mb)

*South Africa Branch Register Finalisation Information, Payment No. 4 – February 2024 (145 kb)

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 7 May 7 August 6 November 6 February 2025
Payment date (LSE and JSE) 2 May 2 August 1 November 3 February 2025
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 11 April 12 July 11 October 13 January 2025
Record date (JSE, LSE and NYSE) 22 March 28 June 27 September 20 December
Shares commence trading ex-dividend (LSE and NYSE) 21 March 27 June 26 September 19 December
No shares may be dematerialised or rematerialised on the South Africa branch register 19 March-
25 March
26 June-
1 July
25 September-30 September 18 December-
23 December
No transfers permitted between the UK main register and the South Africa branch register 19 March-
25 March
26 June-
1 July
25 September-30 September 18 December-
23 December
Shares commence trading ex-dividend (JSE) 19 March 26 June 25 September 18 December
Last Day to Trade (LDT) cum dividend (JSE) 18 March 25 June 23 September 17 December
No removal requests permitted (in either direction) between the UK main register and the South Africa branch register 11 March-
25 March
18 July-
1 July
17 September-
30 September
10 December-
23 December
Publication of finalisation information (JSE) *11 March 18 June 16 September 9 December
Preliminary announcement (includes declaration data required for JSE purposes) 8 February

Notes :

1. All dates are 2024, unless otherwise stated.
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.

*South Africa Branch Register Finalisation Information, Payment No. 1 – May 2024 (145 kb)

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