British American Tobacco - Quarterly dividend payments

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Quarterly dividend payments

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

 

On 11 February 2022, the Company announced that the Board had declared an interim dividend of 217.8p per ordinary share of 25p, for the year ended 31 December 2021, payable in four equal quarterly instalments of 54.45p per ordinary share in May 2022, August 2022, November 2022 and February 2023.

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

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) 

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