British Land pays dividends twice a year, announced with the full and half year results in May and November respectively. The dividend announced at the half year will be an interim dividend and paid in Janurary. The dividend announced at the full year results will be a final dividend and, subject to approval by shareholders at the AGM, will be paid in July.
The dividend may be paid as a Property Income Distribution ('PID'), a Non-Property Income Distribution ('non-PID') or a mixture of the two. We also offer shareholders the opportunity to reinvest their cash dividend, via the Dividend Reinvestment Plan.
You can find out more about our dividends in our Frequently asked questions.
Dividend payments
The Board has announced an interim dividend for the six months ended 30 September 2023 of 12.16p per share. Payment will be made on Friday 5 January 2024 to shareholders on the register at close of business on Friday 24 November 2023. The dividend will be a Property Income Distribution and no SCRIP alternative will be offered.
On 26 March 2020, in response to the Covid-19 pandemic, the Company announced that the Board considers it prudent to temporarily suspend future dividend payments to best ensure we can effectively support our retail and leisure customers who are hardest hit, protect the long-term value of the business, and further strengthen our financial position. Accordingly, the Q3 FY20 dividend due for payment in May is suspended. We will revisit our dividend policy when we have sufficient clarity of outlook.
Past dividend payments
| Dividend | Ex-Div date | Record date | Payment date | PID element | Non-PID element | Total |
|---|---|---|---|---|---|---|
| Interim | 23 Nov 23 | 24 Nov 23 | 05 Jan 24 | 12.16p | - | 12.16p |
| Dividend | Ex-Div date | Record date | Payment date | Scrip offered | PID element | Non-PID element | Total |
|---|---|---|---|---|---|---|---|
| Interim | 24 Nov 22 | 25 Nov 22 | 06 Jan 23 | No | 11.60p | - | 11.60p |
| Final | 22 Jun 23 | 23 Jun 23 | 28 Jul 23 | No | 11.04p | - | 11.04p |
| Dividend | Ex-div date | Payment date | Scrip offered | PID element | Non-PID element | Total |
|---|---|---|---|---|---|---|
| Interim | 26 Nov 21 | 7 Jan 22 | No | 10.32p | - | 10.32p |
| Final | 23 Jun 22 | 29 Jul 22 | No | 11.60p | - | 11.60p |
| Dividend | Ex-div date | Payment date | Scrip offered | PID element | Non-PID element | Total |
|---|---|---|---|---|---|---|
| Interim | 8 Jan 21 | 19 Feb 21 | No | 8.40p | - | 8.40p |
| Final | 24 Jun 21 | 6 Aug 21 | No | 6.64p | - | 6.64p |
| Dividend | Ex-div date | Payment date | Scrip offered | PID element | Non-PID element | Total |
|---|---|---|---|---|---|---|
| 2nd Interim | 3 Jan 20 | 7 Feb 20 | No | 7.9825p | - | 7.9825p |
| 1st Interim | 4 Oct 19 | 8 Nov 19 | No | 7.9825p | - | 7.9825p |
| Dividend | Ex-div date | Payment date | Scrip offered | PID element1 | Non-PID element | Total |
|---|---|---|---|---|---|---|
| Final Dividend | 28 Jun 19 | 2 Aug 19 | No | 3.875p | 3.875p | 7.75p |
| 3rd Interim | 28 Mar 19 | 3 May 19 | No | 7.75p | - | 7.75p |
| 2nd Interim | 3 Jan 19 | 8 Feb 19 | No | 7.75p | - | 7.75p |
| 1st Interim | 4 Oct 18 | 9 Nov 18 | No | 7.75p | - | 7.75p |
1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross
| Dividend | Ex-div date | Payment date | Scrip offered | PID element1 | Non-PID element | Total |
|---|---|---|---|---|---|---|
| 4th Interim | 28 Jun 18 | 3 Aug 18 | No | 7.52p | - | 7.52p |
| 3rd Interim | 29 Mar 18 | 4 May 18 | No | 7.52p | - | 7.52p |
| 2nd Interim | 5 Jan 18 | 9 Feb 18 | No | 7.52p | - | 7.52p |
| 1st Interim | 5 Oct 17 | 10 Nov 17 | No | 7.52p | - | 7.52p |
1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
| Dividend | Ex-div date | Payment date | Scrip offered | PID element1 | Non-PID element | Total |
|---|---|---|---|---|---|---|
| 4th Interim | 29 Jun 17 | 4 Aug 17 | No | 7.30p | 7.30p | |
| 3rd Interim | 30 Mar 17 | 5 May 17 | No | 7.30p | 7.30p | |
| 2nd Interim | 5 Jan 17 | 10 Feb 17 | No | 7.30p | 7.30p | |
| 1st Interim | 6 Oct 16 | 11 Nov 16 | No | 7.30p | 7.30p |
1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
| Dividend | Ex-div date | Payment date | Scrip offered | PID element1 | Non-PID element | Total |
|---|---|---|---|---|---|---|
| 4th Interim | 30 Jun 16 | 5 Aug 16 | No | 3.545p | 3.545p | 7.09p |
| 3rd Interim | 31 Mar 16 | 6 May 16 | No | 7.09p | 7.09p | |
| 2nd Interim | 7 Jan 16 | 12 Feb 16 | Yes | 7.09p | 7.09p | |
| 1st Interim | 1 Oct 15 | 6 Nov 15 | Yes | 7.09p | 7.09p |
1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
| Dividend | Ex-div date | Payment date | Scrip offered | PID element1 | Non-PID element | Total |
|---|---|---|---|---|---|---|
| 4th Interim | 2 Jul 15 | 7 Aug 15 | Yes | 6.92p2 | 6.92p | |
| 3rd Interim | 26 Mar 15 | 6 May 15 | No | 6.92p | 6.92p | |
| 2nd Interim | 8 Jan 15 | 13 Feb 15 | No | 6.92p | 6.92p | |
| 1st Interim | 1 Oct 14 | 7 Nov 14 | Yes | 6.92p | 6.92p |
1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
2Scrip alternative treated as Non-PID for this dividend.
| Dividend | Ex-div date | Payment date | Scrip offered | PID element1 | Non-PID element | Total |
|---|---|---|---|---|---|---|
| 4th Interim | 2 Jul 14 | 8 Aug 14 | Yes | 6.75p2 | 6.75p | |
| 3rd Interim | 19 Mar 14 | 2 May 14 | Yes | 6.75p2 | 6.75p | |
| 2nd Interim | 8 Jan 14 | 14 Feb 14 | Yes | 6.75p | 6.75p | |
| 1st Interim | 2 Oct 13 | 8 Nov 13 | Yes | 6.75p | 6.75p |
1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
2Scrip alternative treated as Non-PID for this dividend.
| Dividend | Ex-div date | Payment date | Scrip offered | PID element1 | Non-PID element | Total |
|---|---|---|---|---|---|---|
| 4th Interim | 3 Jul 13 | 9 Aug 13 | Yes | 6.60p2 | 6.60p | |
| 3rd Interim | 27 Mar 13 | 10 May 13 | Yes | 6.60p2 | 6.60p | |
| 2nd Interim | 9 Jan 13 | 15 Feb 13 | Yes | 6.60p2 | 6.60p | |
| 1st Interim | 3 Oct 12 | 9 Nov 12 | Yes | 6.60p2 | 6.60p |
1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
2Scrip alternative treated as Non-PID for this dividend.
| Dividend | Ex-div date | Payment date | Scrip offered | PID element1 | Non-PID element | Total |
|---|---|---|---|---|---|---|
| 4th Interim | 4 Jul 12 | 10 Aug 12 | No | 3.30p | 3.30p | 6.60p |
| 3rd Interim | 28 Mar 12 | 9 May 12 | No | 6.50p | 6.50p | |
| 2nd Interim | 11 Jan 12 | 17 Feb 12 | No | 6.50p | 6.50p | |
| 1st Interim | 5 Oct 11 | 11 Nov 11 | No | 6.50p | 6.50p |
1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
| Dividend | Ex-div date | Payment date | Scrip offered | PID element1 | Non-PID element | Total |
|---|---|---|---|---|---|---|
| 4th Interim | 6 Jul 11 | 12 Aug 11 | Yes | 6.50p | 6.50p | |
| 3rd Interim | 30 Mar 11 | 13 May 11 | Yes | 6.50p | 6.50p | |
| 2nd Interim | 12 Jan 11 | 18 Feb 11 | Yes | 6.50p | 6.50p | |
| 1st Interim | 6 Oct 10 | 12 Nov 10 | Yes | 6.50p | 6.50p |
1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
| Dividend | Ex-div date | Payment date | Scrip offered | PID element1 | Non-PID element | Total |
|---|---|---|---|---|---|---|
| 4th Interim | 7 Jul 10 | 13 Aug 10 | Yes | 6.50p | 6.50p | |
| 3rd Interim | 7 April 10 | 14 May 10 | Yes | 6.50p | 6.50p | |
| 2nd Interim | 13 Jan 10 | 12 Feb 10 | Yes | 6.50p | 6.50p | |
| 1st Interim | 14 Oct 09 | 13 Nov 09 | Yes | 6.50p | 6.50p |
1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
| Dividend | Ex-div date | Payment date | Scrip offered | PID element1 | Non-PID element | Total |
|---|---|---|---|---|---|---|
| 4th Interim | 15 Jul 09 | 14 Aug 09 | Yes | 6.50p2 | 6.50p | |
| 3rd Interim | 25 Feb 09 | 15 May 09 | No | 9.375p | 9.375p | |
| 2nd Interim | 14 Jan 09 | 13 Feb 09 | No | 2.00p | 7.375p | 9.375p |
| 1st Interim | 15 Oct 08 | 14 Nov 08 | No | 6.70p | 2.675p | 9.375p |
1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.
2If you elected for the Scrip alternative on this dividend, the Scrip was treated as non-PID.