Quarterly dividend payments

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

 

On 28 February 2019, the Company announced that the Board had declared an interim dividend of 203.0p per ordinary share of 25p, for the year ended 31 December 2018, payable in four equal quarterly instalments of 50.75p per ordinary share in May 2019, August 2019, November 2019 and February 2020.

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

2020
2019
2018

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

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) 

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) 

Proposed dates for quarterly dividend payments for the year ending 31 December 2019

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
Last day to trade (JSE) 24 March 2020 7 July 2020 29 September 2020 14 December 2020
Ex-dividend date (JSE) 25 March 2020 8 July 2020 30 September 2020 15 December 2020
Ex-dividend date (LSE and NYSE) 26 March 2020 9 July 2020 1 October 2020 17 December 2020
Record date (JSE, LSE and NYSE) 27 March 2020 10 July 2020 2 October 2020 18 December 2020
Payment date (LSE and JSE) 13 May 2020 19 August 2020 12 November 2020 3 February 2021
ADS payment date (NYSE) 18 May 2020 24 August 2020 17 November 2020 8 February 2021

Notes:

(1) A complete timetable for the quarterly dividend payments for the year ending 31 December 2019 and the declared amount will be included in the Preliminary Results Announcement in February 2020.

(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.

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