Financial Statements
Notes to the Accounts
19 Dividend
The proposed final dividend of 8.75 pence per share, totalling £45m (2007: 8.25 pence per share, totalling £43m) was approved by the Board on19 May 2008 and is payable on 15 August 2008 to shareholders on the register at the close of business on 18 July 2008. The final dividend is 100% property income distribution (PID).
The PID element of the dividend may vary over time and is paid, as required by REIT legislation, after deduction of withholding tax at the basic rate (22% for 2007/8 and 20% for 2008/9). However, certain classes of shareholder may be able to claim exemption from deduction of withholding tax. Please refer to our website (www.britishland.com) for details. The non-PID element will be treated as a normal dividend.
| Payment date |
Dividend | Pence per share PID |
Pence per share Non-PID |
Total | 2008 £m | 2007 £m |
|---|---|---|---|---|---|---|
| Current year dividends | ||||||
| 15.08.2008 | 2008 Final | 8.75 | 8.75 | |||
| 15.05.2008 | 2008 3rd interim | 4.25 | 4.50 | 8.75 | ||
| 15.02.2008 | 2008 2nd interim | 4.25 | 4.50 | 8.75 | 44 | |
| 16.11.2007 | 2008 1st interim | 4.25 | 4.50 | 8.75 | 45 | |
| 21.50 | 13.50 | 35.00 | ||||
| Prior year dividends | ||||||
| 17.08.2007 | 2007 Final | 8.25 | 8.25 | 43 | ||
| 18.05.2007 | 2007 2nd interim | 6.50 | 6.50 | 34 | ||
| 16.02.2007 | 2007 1st interim | 5.60 | 5.60 | 30 | ||
| 20.35 | 20.35 | |||||
| 18.08.2006 | 2006 Final | 11.80 | 11.80 | 61 | ||
| Dividends in Reconciliation of Movement in Shareholders’ Funds (2008: 32.25 pence per share; 2007: 17.40 pence) | 166 | 91 | ||||
| Withholding tax paid after 31 March 2008 | (5) | |||||
| Dividends in Cash Flow Statement | 161 | 91 |
