British American Tobacco - Quarterly dividend payments
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The Company has now moved to four interim quarterly dividend payments.
On 27 February 2020, the Company announced that the Board had declared an interim dividend of 210.4p per ordinary share of 25p, for the year ended 31 December 2019, payable in four equal quarterly instalments of 52.6p per ordinary share in May 2020, August 2020, November 2020 and February 2021.
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.
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.
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.
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 |
---|---|---|---|---|
ADS payment date (NYSE) | 14 May | 13 August | 20 November | 12 February 2019 |
Payment date (LSE and JSE) | 9 May | 8 August | 15 November | 7 February 2019 |
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) | 17 April | 18 July | 25 October | 17 January 2019 |
Record date (JSE, LSE and NYSE) |
23 March | 29 June | 5 October | 28 December |
Shares commence trading ex-dividend (LSE and NYSE) |
22 March | 28 June | 4 October | 27 December |
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) |
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) |
Shares commence trading ex-dividend (JSE) | 20 March | 27 June | 3 October | 24 December |
Last Day to Trade (LDT) cum dividend (JSE) | 19 March | 26 June | 2 October | 21 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) |
Publication of finalisation information (JSE) | 12 March* | 19 June* | 25 September* | 13 December* |
Preliminary announcement (includes declaration data required for JSE purposes) | 22 February |
*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)
*South Africa Branch Register Finalisation Information, Payment No. 3 - November 2018 (97 kb)
*South Africa Branch Register Finalisation Information, Payment No. 4 - February 2019 (98 kb)
Letters to shareholders regarding the introduction of quarterly dividend payments from 2018:
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 |
---|---|---|---|---|
Last day to trade (JSE) | 23 March 2021 | 6 July 2021 | 28 September 2021 | 21 December 2021 |
Ex-dividend date (JSE) | 24 March 2021 | 7 July 2021 | 29 September 2021 | 22 December 2021 |
Ex-dividend date (LSE and NYSE) | 25 March 2021 | 8 July 2021 | 30 September 2021 | 23 December 2021 |
Record date (JSE, LSE and NYSE) | 26 March 2021 | 9 July 2021 | 1 October 2021 | 24 December 2021 |
Payment date (LSE and JSE) | 12 May 2021 | 19 August 2021 | 11 November 2021 | 9 February 2022 |
ADS payment date (NYSE) | 17 May 2021 | 24 August 2021 | 16 November 2021 | 14 February 2022 |
Notes:
(1) A complete timetable for the quarterly dividend payments for the year ending 31 December 2020 and the declared amount will be included in the Preliminary Results Announcement in February 2021.
(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.