|
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 2004, was
paid on 6 September 2004 to shareholders on the register on 6
August 2004, and an interim dividend in respect of the year ended
31 March 2005 was paid on 7 February 2005 to shareholders on the
register on 31 December 2004.
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 below. Dividends have been translated from
pounds sterling into US dollars using exchange rates prevailing
on the date the ordinary dividends were paid.
| |
|
Per
ordinary share |
|
Per
ADS |
|
Per
ADS |
|
| |
|
|
|
|
|
|
|
|
Years
ended 31 March
|
|
|
Interim
pence |
|
|
Final
pence |
|
|
Total
pence |
|
|
Interim
£ |
|
|
Final
£ |
|
|
Total
£ |
|
|
Interim
US$ |
|
|
Final
US$ |
|
|
Total
US$ |
|
|
|
|
2001
|
|
|
8.70 |
|
|
– |
|
|
8.70 |
|
|
0.870 |
|
|
– |
|
|
0.870 |
|
|
1.397 |
|
|
– |
|
|
1.397 |
|
|
2002
|
|
|
– |
|
|
2.00 |
|
|
2.00 |
|
|
– |
|
|
0.200 |
|
|
0.200 |
|
|
– |
|
|
0.311 |
|
|
0.311 |
|
|
2003
|
|
|
2.25 |
|
|
4.25 |
|
|
6.50 |
|
|
0.225 |
|
|
0.425 |
|
|
0.650 |
|
|
0.366 |
|
|
0.673 |
|
|
1.039 |
|
|
2004
|
|
|
3.20 |
|
|
5.30 |
|
|
8.50 |
|
|
0.320 |
|
|
0.530 |
|
|
0.850 |
|
|
0.590 |
|
|
0.938 |
|
|
1.528 |
|
|
2005
|
|
|
3.90 |
|
|
6.50 |
|
|
10.40 |
|
|
0.390 |
|
|
0.650 |
|
|
1.040 |
|
|
0.724 |
|
|
– |
a |
|
– |
a |
|
|
| a |
Qualifying
holders of ADSs on record as of 5 August 2005 are entitled
to receive the final dividend which will be paid on 12 September
2005, subject to approval at the annual general meeting.
The US dollar amount of the final dividend of 65 pence per
ADS to be paid to holders of ADSs will be based on the exchange
rate in effect on 5 September 2005, the date of payment
to holders of ordinary shares.
|
| |
|
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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