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DIVIDENDS
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Since
shortly after its incorporation in 1984, British Telecommunications
plc paid interim dividends annually in February and final
dividends in September. However, as part of BT’s debt
reduction and restructuring plans, neither a final dividend
for the year ended 31 March 2001 nor an interim dividend for
the year ended 31 March 2002 was paid to shareholders.
A
final dividend in respect of the year ended 31 March 2005
was paid on 5 September 2005 to shareholders on the register
on 5 August 2005, and an interim dividend in respect of the
year ended 31 March 2006 was paid on 13 February 2006 to shareholders
on the register on 31 December 2005.
The
dividends paid or payable on BT shares and ADSs for the last
five years are shown in the following table. The dividends
on the ordinary shares exclude the associated tax credit.
The amounts shown are not those that were actually paid to
holders of ADSs. For the tax treatment of dividends paid see
Taxation of
dividends. Dividends have been translated from
pounds sterling into US dollars using exchange rates prevailing
on the date the ordinary dividends were paid. |
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Per
ordinary share |
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Per
ADS |
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Per
ADS |
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Interim |
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Final |
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Total |
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Interim |
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Final |
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Total |
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Interim |
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Final |
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Total |
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Years
ended 31 March |
pence |
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pence |
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pence |
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£ |
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£ |
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£ |
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US$ |
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US$ |
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US$ |
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2002 |
– |
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2.00 |
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2.00 |
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– |
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0.200 |
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0.200 |
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– |
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0.311 |
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0.311 |
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2003 |
2.25 |
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4.25 |
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6.50 |
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0.225 |
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0.425 |
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0.650 |
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0.366 |
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0.673 |
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1.039 |
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2004 |
3.20 |
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5.30 |
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8.50 |
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0.320 |
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0.530 |
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0.850 |
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0.590 |
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0.938 |
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1.528 |
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2005 |
3.90 |
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6.50 |
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10.40 |
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0.390 |
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0.650 |
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1.040 |
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0.724 |
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1.195 |
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1.919 |
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2006 |
4.30 |
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7.60 |
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11.90 |
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0.430 |
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0.760 |
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1.190 |
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0.747 |
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– |
a |
– |
a |
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Qualifying
holders of ADSs on record as of 18 August 2006 are entitled
to receive the final dividend which will be paid on 18 September
2006, subject to approval at the annual general meeting.
The US dollar amount of the final dividend of 76 pence per
ADS to be paid to holders of ADSs will be based on the exchange
rate in effect on 11 September 2006, the date of payment
to holders of ordinary shares. |
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As dividends paid by the
company are in pounds sterling, exchange rate fluctuations will
affect the US dollar amounts received by holders of ADSs on conversion
by the Depositary of such cash dividends. |
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