Dividend Policy and Information

The Company aims to pay as high, secure and sustainable a dividend as is compatible with protecting and increasing the value of its shareholders’ funds per share and maintaining its investment flexibility.  Dividends are paid in July, October, January and April of each year.

The Company offers a Dividend Re-Investment Plan (“DRIP”) facility to shareholders who hold their shares on the main register.  The DRIP allows your cash dividends to be used to purchase shares at current market prices, on your behalf.  You will not receive any cash dividends while you remain in the plan, only additional shares.  Any cash balance remaining after buying the shares, including the dealing costs, or any cash dividend which is not enough to buy one share, will be carried forward (without interest) and added to your next dividend.  The commission charge is 0.5%, subject to a minimum fee of £1.75. Stamp Duty Reserve Tax, charged at 0.5% of the value of shares that you buy, will also be paid from your dividend proceeds on your behalf.

If you wish to participate in the DRIP, please contact Equiniti on 0371 384 2459 (or 0121 415 7047).

Title Amount (p) XD Date Record Date Pay Date
3rd Quarterly 2018 140 07-Dec-2017 08-Dec-2017 11-Jan-2018
2nd Quarterly 2018 140 31-Aug-2017 01-Sep-2017 13-Oct-2017
1st Quarterly 2018 140 15-Jun-2017 16-Jun-2017 14-Jul-2017
4th Quarterly 2017 140 09-Mar-2017 10-Mar-2017 20-Apr-2017
3rd Quarterly 2017 140 01-Dec-2016 02-Dec-2016 12-Jan-2017
2nd Quarterly 2017 140 01-Sep-2016 02-Sep-2016 13-Oct-2016
1st Quarterly 2017 140 16-Jun-2016 17-Jun-2016 14-Jul-2016
4th Quarterly 2016 140 10-Mar-2016 11-Mar-2016 21-Apr-2016
3rd Quarterly 2016 140 03-Dec-2015 04-Dec-2015 14-Jan-2016
2nd Quarterly 2016 140 03-Sep-2015 04-Sep-2015 15-Oct-2015
1st Quarterly 2016 140 18-Jun-2015 19-Jun-2015 16-Jul-2015
4th Quarterly 2015 140 05-Mar-2015 06-Mar-2015 16-Apr-2015
3rd Quarterly 2015 140 04-Dec-2014 05-Dec-2014 15-Jan-2015
2nd Quarterly 2015 140 03-Sep-2014 05-Sep-2014 16-Oct-2014
1st Quarterly 2015 140 18-Jun-2014 20-Jun-2014 17-Jul-2014
4th Quarterly 2014 140 05-Mar-2014 07-Mar-2014 17-Apr-2014
3rd Quarterly 2014 140 04-Dec-2013 06-Dec-2013 16-Jan-2014
2nd Quarterly 2014 140 04-Sep-2013 06-Sep-2013 18-Oct-2013
1st Quarterly 2014 140 19-Jun-2013 21-Jun-2013 19-Jul-2013
4th Quarterly 2013 140 06-Mar-2013 08-Mar-2013 19-Apr-2013
3rd Quarterly 2013 140 05-Dec-2012 07-Dec-2012 18-Jan-2013
2nd Quarterly 2013 140 05-Sep-2012 07-Sep-2012 19-Oct-2012
1st Quarterly 2013 140 20-Jun-2012 22-Jun-2012 20-Jul-2012
4th Quarterly 2012 140 07-Mar-2012 09-Mar-2012 20-Apr-2012
3rd Quarterly 2012 140 07-Dec-2011 09-Dec-2011 20-Jan-2012
2nd Quarterly 2012 140 07-Sep-2011 09-Sep-2011 21-Oct-2011
1st Quarterly 2012 135 08-Jun-2011 10-Jun-2011 22-Jul-2011
2nd Interim 2011 270 23-Mar-2011 25-Mar-2011 22-Apr-2011
1st Interim 2011 270 29-Sep-2010 01-Oct-2010 21-Oct-2010
2nd Interim 2010 265 24-Mar-2010 26-Mar-2010 16-Apr-2010
1st Interim 2010 255 30-Sep-2009 02-Oct-2009 22-Oct-2009