Dividends

Dividends are paid in cash via cheque or direct into your bank or building society account.

Payment direct to your bank or building society account

If you have a UK bank or building society account you can arrange to have dividends paid direct to your account.

This is the quickest and most secure way to receive your dividends. It saves waiting for the funds to clear and reduces the paper and postage we use. Using BACS (Bank Automated Clearing System) we are able to pay your dividend straight into your account on the payment date.  You will receive a dividend confirmation in respect of each dividend payment (see information regarding new dividend confirmation below).

To take advantage of this service, simply download the form from Equiniti’s website, complete your details and post to the address shown on the form. Alternatively please call our shareholder helpline on 0371 384 2198*.

If you are resident outside of the UK, Equiniti (by arrangement with Citibank Europe PLC) can send dividend payments that are automatically converted into your local currency and paid direct to your bank account.  For more information on this overseas payment service please contact Equiniti on +44 (0)121 415 7047 or download an application form from Equiniti’s website.

* Lines are open 8.30am to 5.30pm (UK time), Monday to Friday excluding UK bank holidays.

Income Tax changes to dividend taxation from 6th April 2016

Up to 6th April 2016

Dividend tax vouchers were issued to shareholders including the amount of dividend, the date of payment and the tax credit amount (10%). The tax credit amount on the dividend tax voucher could be used to offset any UK income tax due on dividend income.

Following 6th April 2016

Dividend tax credits have now been replaced by an annual £5,000 tax-free dividend allowance across a shareholder’s entire portfolio. Any dividend income over the tax-free allowance is taxable at a rate dependent on a shareholder’s income tax banding. Dividends paid on shares held within an individual savings account (ISA) remain exempt from income tax.

Registered shareholders will continue to receive confirmation of the date and amount of dividend paid by St. Modwen (now called a dividend confirmation).

All tax vouchers for the six years predating the change will still need to be retained for the purpose of self-assessment.

Further information can be found on HMRC’s website www.gov.uk/tax-on-dividends.

Dividend payments since September 2003

Ex-Dividend Date Record Date Payment Date Dividend Rate (pence per share)
8 Mar 2018 9 Mar 2018 4 Apr 2018 4.26
10 Aug 2017 11 Aug 2017 5 Sep 2017 2.02
9 Mar 2017 10 Mar 2017 4 Apr 2017 4.06
11 Aug 2016 12 Aug 2016 5 Sep 2016 1.94
3 Mar 2016 4 Mar 2016 1 Apr 2016 3.85
6 Aug 2015 7 Aug 2015 3 Sep 2015 1.9
5 Mar 2015 6 Mar 2015 2 Apr 2015 3.137
6 Aug 2014 8 Aug 2014 3 Sep 2014 1.463
5 Mar 2014 7 Mar 2014 4 Apr 2014 2.67
7 Aug 2013 9 Aug 2013 3 Sep 2013 1.33
6 Mar 2013 8 Mar 2013 4 Apr 2013 2.42
8 Aug 2012 10 Aug 2012 3 Sep 2012 1.21
7 Mar 2012 9 Mar 2012 4 Apr 2012 2.2
10 Aug 2011 12 Aug 2011 5 Sep 2011 1.1
9 Mar 2011 11 Mar 2011 4 Apr 2011 2.0
11 Aug 2010 13 Aug 2010 6 Sep 2010 1.0
6 Aug 2008 8 Aug 2008 5 Sep 2008 3.9
12 Mar 2008 14 Mar 2008 7 Apr 2008 7.8
1 Aug 2007 3 Aug 2007 31 Aug 2007 3.9
11 Apr 2007 13 Apr 2007 4 May 2007 6.8
2 Aug 2006 4 Aug 2006 1 Sep 2006 3.4
5 Apr 2006 7 Apr 2006 28 Apr 2006 5.9
3 Aug 2005 5 Aug 2005 2 Sep 2005 2.9
6 Apr 2005 8 Apr 2005 29 Apr 2005 5.1
4 Aug 2004 6 Aug 2004 3 Sep 2004 2.5
9 Apr 2004 13 Apr 2004 30 Apr 2004 4.4
13 Aug 2003 15 Aug 2003 12 Sep 2003 2.2