Dividends

At our 2014/15 full year results on 7 May 2015, we reiterated that we expect to grow our dividend per share by 10% - 15% in 2015/16.

Dividend dates

Our dividends are normally paid twice a year, with final dividends paid in September, and interim dividends in February. Payments for 2013/14 and 2014/15 are: 

 

Financial year

Dividend

Amount
(pence)

Ex-dividend date

Record date

Payment date

2014/15

Final

 8.5

13 August 2015

14 August 2015

7 September 2015

2014/15

Interim

 3.9

29 December 2014

30 December 2014

9 February 2015

2013/14

Final

7.5

13 August 2014

15 August 2014

8 September 2014

2013/14

Interim

3.4

23 December 2013

27 December  2013

3 February 2014

More dates and payments

Futher information on dividends

Dividends are the share of a company’s profits that it decides to pay to its shareholders. They are an important part of the return from investing in shares, in addition to any increase in the share price. Companies are under no obligation to pay dividends, but they usually choose to do so because dividends provide an incentive to invest in their shares.

Companies typically keep part of their profits back to expand the business and/or increase their reserves, and will then pay out the rest as a dividend. If companies have good investment opportunities, they will tend to keep more of their profits back for this purpose, reducing the amount available for dividends. So the amount of profit companies make and the alternative uses of its profits will help to determine the dividend.

Dividends are usually paid after the half-year and full-year financial results, although some companies pay quarterly. At this time, a company’s board of directors will decide how much to pay per share. At the same time, the ex-dividend date, the record date and the payment date will be announced. The shares entitle the holder to receive a dividend up to the ex-dividend date. (The share price will fall by the amount of the dividend after this date: the shares ‘go ex-dividend’.) The record date is when the company registrar determines who is entitled to receive the dividend: the ‘beneficial owner’. The payment date is the date on which payment of the dividend is made to the beneficial owner.

Companies pay shareholders dividends out of profits on which they have already paid - or are due to pay - tax. The dividend paid represents 90% of the shareholder’s 'dividend income'. The remaining 10% of the dividend income is made up of the tax credit. When shareholders receive their dividend, they get a voucher that shows the dividend paid and the 10% ‘tax credit’ which they can offset against any UK income tax due on dividend income. You can find more information about understanding the UK dividend tax credit and paying UK tax on dividend income on HM Revenue & Customs website.

More dates and payments

BT Group plc

 

Financial year

Dividend

Amount 
(pence)

Ex-dividend date

Record date

Payment date

2014/15

Final

8.5

13 Aug 2015

14 Aug 2015

7 Sep 2015

 

Interim

3.9

29 Dec 2014

30 Dec 2014

9 Feb 2015

2013/14

Final

7.5

13 Aug 2014

15 Aug 2014

8 Sep 2014

 

Interim

3.4

23 Dec 2013

27 Dec 2013

3 Feb 2014

2012/13

Final 

6.5

7 Aug 2013

9 Aug 2013

2 Sep 2013

 

Interim

3.0

24 Dec 2012

28 Dec 2012

4 Feb 2013

2011/12

Final

5.7

8 Aug 2012

10 Aug 2012

3 Sep 2012

 

Interim

2.6

28 Dec 2011

30 Dec 2011

6 Feb 2012

2010/11

Final

5.0

10 Aug 2011

12 Aug 2011

5 Sep 2011

 

Interim

2.4

29 Dec 2010

31 Dec 2010

7 Feb 2011

2009/10

Final

4.6

11 Aug 2010

13 Aug 2010

6 Sep 2010

 

Interim

2.3

23 Dec 2009

29 Dec 2009

8 Feb 2010

2008/09

Final

1.1

12 Aug 2009

14 Aug 2009

7 Sep 2009

 

Interim

5.4

24 Dec 2008

30 Dec 2008

9 Feb 2009

2007/08

Final

10.4

20 Aug 2008

22 Aug 2008

15 Sep 2008

 

Interim

5.4

24 Dec 2007

28 Dec 2007

11 Feb 2008

2006/07

Final

10.0

22 Aug 2007

24 Aug 2007

17 Sep 2007

 

Interim

5.1

27 Dec 2006

29 Dec 2006

12 Feb 2007

2005/06

Final

7.6 

16 Aug 2006

18 Aug 2006

11 Sep 2006

 

Interim

4.3

28 Dec 2005

30 Dec 2005

13 Feb 2006

2004/05

Final

6.5

3 Aug 2005

5 Aug 2005

5 Sep 2005

 

Interim

3.9

29 Dec 2004

31 Dec 2004

7 Feb 2005

2003/04

Final

5.3

 

6 Aug 2004

6 Sep 2004

 

Interim

3.2

 

30 Dec 2003

9 Feb 2004

2002/03

Final

4.25

 

8 Aug 2003

8 Sep 2003

 

Interim

2.25

 

31 Dec 2002

10 Feb 2003

2001/02

Final

2.0

 

9 Aug 2002

9 Sep 2002

 

Interim

Nil

 

 

Passed

 

As part of BT's debt reduction and restructuring plans, the Board did not recommend the payment of a final dividend to shareholders for the year ended 31 March 2001, nor an interim dividend for the year ended 31 March 2002.

British Telecommunications plc

 

Financial year

Dividends

Amount (pence)

Payment date

2000/01

Final

Nil

Passed

 

Interim

8.70 

12 Feb 2001 

1999/2000

Final

13.2

18 Sept 2000

 

Interim       

8.70

14 Feb 2000

1998/99

Final

12.3

20 Sept 1999

 

Interim  

8.10  

15 Feb 1999

1997/98

Final  

11.45  

21 Sept 1998

 

Interim*

7.55

16 Feb 1998

1996/97

Special  

35.00

22 Sept 1997 

 

Final  

11.95

22 Sept 1997

 

Interim  

7.90 

17 Feb 1997

1995/96  

Final  

11.25

16 Sept 1996

 

Interim  

7.45  

12 Feb 1996

1994/95            

Final  

10.65  

18 Sept 1995

 

Interim  

7.05  

13 Feb 1995

1993/94            

Final  

10.05  

19 Sept 1994

 

Interim  

6.65  

14 Feb 1994

1992/93            

Final 

9.45  

30 Sept 1993

 

Interim  

6.15  

14 Feb 1993

1991/92            

Final 

8.70  

15 Sept 1992

 

Interim  

5.70  

28 Feb 1992

1990/91 

Final 

8.05  

11 Sept 1991

 

Interim  

5.25  

11 Feb 1991

1989/90 

Final 

7.15

11 Sept 1990

 

Interim  

4.65  

12 Feb 1990

1988/89    

Final 

6.25  

11 Sept 1989

 

Interim  

4.25  

13 Feb 1989

1987/88

Final 

5.75  

5 Sept 1988

 

Interim 

3.75  

15 Feb 1988 

1986/87

Final 

5.10  

28 Sept 1987

 

Interim 

3.35  

23 Feb 1987 

1985/86

Final 

4.50  

29 Sept 1986

 

Interim 

3.00  

25 Feb 1986 

1984/85

Final 

3.90  

27 Aug 1985

Dividend investment plan

This plan allows shareholders to invest their cash dividends to purchase additional BT shares. Dividends paid to participants in this plan are pooled and the total amount used to purchase shares, so that a charge of only 1% of the amount reinvested (including 0.5% stamp duty reserve tax and a minimum total charge of £1.50) is made, allowing a low-cost way of topping up your holding of BT shares. The price paid for the shares will be known only after shares have been purchased, a few days after the dividend payment date, and will be posted here when known.

Dividend Investment Plan booklet PDF 

Dividend Investment Plan terms and conditions PDF

Dividend Investment Plan application form PDF

To join - just call Freefone 0808 100 4141  - (+44 121 415 7178 from outside the UK)

BT Group Dividend Investment Plan

 
Date
Dividend
Purchase price

February 2015

Interim

436.92 pence

September 2014

Final

387 pence

February 2014

Interim

385.76 pence

September 2013

Final

339.38 pence

February 2013

Interim

265.01 pence

September 2012

Final

223.15 pence

February 2012

Interim

216.39 pence

September 2011

Final

164.6422 pence

February 2011

Interim

185.8902 pence

September 2010

Final

140.4086 pence

February 2010

Interim

131.6713 pence

September 2009

Final

133.335 pence

February 2009

Interim

107.0402 pence

September 2008

Final

174.381 pence

February 2008

Interim

232.0758 pence

September 2007

Final

316.2067 pence

February 2007

Interim

320.54 pence

September 2006

Final

250.98 pence

February 2006

Interim

214.50 pence

September 2005

Final

220.25 pence

February 2005

Interim

209.95 pence

September 2004

Final

183.69 pence

February 2004

Interim

175.98 pence

September 2003

Final

184.41 pence

February 2003

Interim

178.23 pence

September 2002

Final

191.85 pence

 

Forms must be received by our Registrar, Equiniti, at least a month before a dividend payment date to apply to that dividend.

Please post your completed form to our registrars at the following postal address: Equiniti Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA

For capital gains tax purposes, the calculation prices for the new shares issued under the former BT Dividend Investment Plan, were as follows:

 
Date
Dividend
Purchase price

February 2001

Interim

621.848 pence

September 2000

Final

809.6 pence

February 2000

Interim

991.527 pence

September 1999

Final

970.1 pence


 

US dividends

BT's dividends are normally paid twice a year, with final dividends paid in September, and interim dividends paid in February. The dividend payment for ADR holders is normally one week after the payment date for the ordinary shares and the amount is translated from Sterling into US dollars using exchange rates prevailing on the date the dividends were paid to holders of ordinary shares.

US dividend dates

 

Financial year

Dividend

Amount
(US$ per ADR, net)

Ex-dividend date

Record date

Payment date

2014/2015

Final

TBC

13 Aug 2015

14 Aug 2015

15 Sep 2015

 

Interim

0.572878

26 Dec 2014

30 Dec 2014

17 Feb 2015

2013/2014

Final

1.187425

13 Aug 2014

15 Aug 2014

15 Sep 2014

 

Interim

0.533894

23 Dec 2013

27 Dec 2013

10 Feb 2014

2012/2013

Final

0.993935

7 Aug 2013

9 Aug 2013

10 Sep 2013

 

Interim

0.451390

24 Dec 2012

28 Dec 2012

11 Feb 2013

2011/2012

Final

0.884533

8 Aug 2012

10 Aug 2012

11 Sep 2012

 

Interim

0.390228

28 Dec 2011

30 Dec 2011

13 Feb 2012

2010/2011

Final

0.77715

10 Aug 2011

12 Aug 2011

13 Sep 2011

 

Interim

0.366424

29 Dec 2010

31 Dec 2010

14 Feb 2011

2009/2010

Final

0.683938

11 Aug 2010

13 Aug 2010

14 Sep 2010

 

Interim

0.338731

23 Dec 2009

29 Dec 2009

16 Feb 2010

2008/2009

Final

0.161412

12 Aug 2009

14 Aug 2009

15 Sep 2009

 

Interim

0.765106

24 Dec 2008

30 Dec 2008

17 Feb 2009

2007/2008

Final

1.833176

20 Aug 2008

22 Aug 2008

22 Sep 2008

 

Interim

1.02976

24 Dec 2007

28 Dec 2007

19 Feb 2008

2006/2007

Final

1.9718

22 Aug 2007

24 Aug 2007

24 Sep 2007

 

Interim

0.99144

27 Dec 2006

29 Dec 2006

20 Feb 2007

2005/2006

Final

1.414740

16 Aug 2006

18 Aug 2006

18 Sep 2006

 

Interim

0.74695

28 Dec 2005

30 Dec 2005

21 Feb 2006

2004/2005

Final

1.19489

3 Aug 2005

5 Aug 2005

13 Sep 2005

 

Interim

0.72356

29 Dec 2004

31 Dec 2004

14 Feb 2005

2003/2004

Final

0.93852

 

6 Aug 2004

14 Sep 2004

 

Interim

0.58963

 

30 Dec 2003

17 Feb 2004

2002/2003

Final

0.67307

 

8 Aug 2003

15 Sep 2003

 

Interim

0.36623

  31 Dec 2002

10 Feb 2003

The charts below show all BT's dividends since 1985.

British Telecommunications plc

 

Financial year

 

Dividend

 

Amount
US$ per ADR, net)

 

Payment date

 

2000/2001

Final

Passed

N/A

 

Interim

1.2575

20 Feb 2001

1999/2000

Final

1.8354

25 Sept 2000

 

Interim

1.3768

22 Feb 2000

1998/99

Final

1.9821

29 Sept 1999

 

Interim

1.3976

23 Feb 1999

1997/98

Final

2.0405

28 Sept 1998

 

Interim*

1.3092

26 Feb 1998

1996/97

Special

5.9500

29 Sept 1997

 

Final

2.0321

29 Sept 1997

 

Interim

1.3446

25 Feb 1997

1995/96

Final

1.8534

23 Sept 1996

 

Interim

1.2091

20 Feb 1996

1994/95

Final

1.7472

25 Sept 1995

 

Interim

1.6890

21 Feb 1995

1993/94

Final

1.6695

26 Sept 1994

 

Interim

1.0347

22 Feb 1994

1992/93

Final

1.5362

7 Oct 1993

 

Interim

1.0077

23 Feb 1993

1991/92

Final

1.8532

21 Sept 1992

 

Interim

1.1347

6 Mar 1992

1990/91

Final

1.5751

18 Sept 1991

 

Interim

1.1846

19 Feb 1991

1989/90

Final

1.4902

18 Sept 1990

 

Interim

0.8922

20 Feb 1990

1988/89

Final

1.0894

18 Sept 1989

 

Interim

0.8404

21 Feb 1989

1987/88

Final

1.1064

13 Sept 1988

 

Interim

0.7604

23 Feb 1988

1986/87

Final

0.9703

2 Oct 1987

 

Interim

0.6158

3 Mar 1987

1985/86

Final

0.7704

7 Oct 1986

 

Interim

0.5425

5 Mar 1986

1984/85

Final

0.6582

27 Aug 1985


* To maintain the percentage return to shareholders following the payment in September 1997 of the US$5.95 per ADS special dividend, the level of the dividend was adjusted downwards from February 1998 compared with previous payments.

FAQ dividends

Q When is the next BT Group dividend due?

A BT's dividends have historically been paid twice yearly, in February and September (see dates and payments for past dividends). As part of BT's debt reduction and restructuring, no final dividend was paid in respect of the 2001 financial year (ended 31 March 2001), nor an interim dividend for the 2002 financial year.

BT returned to the dividend list in September 2002 with the payment of a final dividend in respect of the 2002 financial year.

Details of dividends are first given in BT Group's half-year and preliminary year end financial results announced in November and May, respectively. See Financial Calendar.

Q How much is the next dividend going to be?

A Details of forthcoming dividends are generally announced in November and May with BT's half-year and preliminary annual financial results (see above). See Financial Calendar. The Shareholder Helpline will be able to give you the dividend information after these dates.

Q Can I have my dividends paid as extra shares?

A Yes. BT has a dividend investment plan that allows shareholders to obtain additional BT shares instead of receiving cash dividends. Since shares are bought in the market, rather than issued from unissued share capital, there is a charge of 1% (minimum £1.50) of the amount used to buy the shares. This charge includes 0.5% stamp duty.

Full details of how you can elect to receive shares instead of cash dividends are given in the explanatory booklet on the dividend investment plan.

Q Can overseas shareholders join the BT Dividend Investment Plan? 

A Residents in the UK or the European Economic Area (“EEA”) can join. If you are a resident outside the UK or EEA, you may take part in the Plan provided you are not subject to regulations that would oblige Equiniti or BT to comply with any governmental or regulatory procedures or similar formalities. You are responsible for making sure you can validly take part and for complying with all necessary formalities. You should consult a professional adviser if you are in any doubt about:

  • Whether you need any government consents or to observe any other formalities
  • Whether you are prohibited from receiving shares instead of cash dividends.

The Plan is not available to private shareholders in the United States, Canada and Japan due to governmental/regulatory obligations in those jurisdictions. Institutional investors wishing to offer the Plan to underlying investors resident in the US, Canada and Japan should seek legal advice to satisfy themselves that they have the necessary permissions to meet all the necessary governmental/regulatory obligations in these jurisdictions. Equiniti will cancel your participation in the Plan if it reasonably believes you are not eligible to participate in the Plan.

Q I am a non-taxpayer; can I have my BT dividends paid gross?

A Under UK Government legislation, all dividends are paid net of tax. Unfortunately, therefore, we cannot pay your dividends gross.

Q I've lost a dividend cheque. Can I have a new one?

A Yes. To obtain a replacement cheque you need to write to our Registrars Equiniti, giving details of the cheque that you need to replace. Please ensure that you:

  1. State that you are a BT shareholder.
  2. State your Shareholder Reference – this can be found on your share certificate or an old dividend statement.
  3. Write your name and address exactly as it is recorded on the Register of Shareholders.

There may be an Administration Fee to pay when Equiniti reissues a cheque to you. If applicable, the fee will be deducted before the payment is reissued. You will, therefore, receive the payment minus the applicable fee. Full details of the fees payable are on the Equiniti website 

Q I have found an out-of-date BT dividend cheque; what do I do?

A The cheque should be returned to our registrars Equiniti with a covering letter asking them to re-issue the cheque.

There may be an Administration Fee to pay when Equiniti reissues a cheque to you. If applicable, the fee will be deducted before the payment is reissued. You will, therefore, receive the payment minus the applicable fee. Full details of the fees payable are on the Equiniti website

Q Can BT pay my dividends directly into my bank or building society account?

A Individual shareholders with less than 1,500 shares can amend payment instructions with a quick, free phone call to our Shareholder Helpline. Alternatively, you can complete a Dividend payment form and post it to Equiniti.

If you have signed up to the BT e-communication service you give or amend instructions to pay your dividends directly into your bank or building society account - securely - online.

Q I have my dividends paid directly to a bank or building society account. I have now changed my account; who do I notify?

A Changes can be made by completing a dividend payment form and asking your bank to authorise it and send it to our registrars Equiniti. The Shareholder Helpline will be able to advise you.

If you have signed up to the BT e-communication service, you can amend your instructions securely online. Individual shareholders with less than 1,500 shares can amend instructions with a quick free call to our Shareholder Helpline. Alternatively, you can complete a Dividend payment form and post it to our registrars Equiniti.

Q Can you explain the changes in dividend taxation which came into effect on 6 April 1999?

A From this date, tax credits are still available for individuals, but there were some changes. See Tax changes for details and a worked example.