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Dividends

We maintain a progressive dividend policy and have increased our pay-out to shareholders every year for more than half a century. We have also paid a number of special dividends over the years.

Annual dividend growth over 58 years
Annual dividend
RPI (rebased)

AIC Dividend Hero: The Association of Investment Companies (AIC) award for investment companies which have consecutively increased their dividends for 20 years or more..

Latest dividend information (Final 2025)

The dividend per share presented below is based on the number of ordinary shares in issue before the 10:1 sub-division which occurred on 25 July 2025. The equivalent amount based on the number of ordinary shares in issue after the sub-division is 5.39 pence per share.

Dividend per share

53.91 pence per share

Date announced

20 May 2025

Ex-dividend date

26 June 2025

Record date

27 June 2025

Payment date

07 August 2025

as at 31 March 2025
Dividend history (last 10 years)

The dividend per share presented below is based on the number of ordinary shares in issue before the 10:1 sub-division which occurred on 25 July 2025. To aid comparability, the equivalent amount based on the number of ordinary shares in issue after the sub-division is shown in the final column.

Description

Dividend
(p per share)

Ex-dividend
date

Record
date

Payment
date

Restated Dividend
(p per share)

Final 2025

53.91

26/06/2025

27/06/2025

07/08/2025

5.391

Interim 2025

19.69

05/12/2024

06/12/2024

09/01/2025

1.969

Final 2024

51.47

27/06/2024

28/06/2024

01/08/2024

5.147

Interim 2024

18.93

30/11/2023

01/12/2023

04/01/2024

1.893

Final 2023

49.2

29/06/2023

30/06/2023

03/08/2023

4.92

Interim 2023

18.2

01/12/2022

02/12/2022

05/01/2023

1.82

Final 2022

47.3

30/06/2022

01/07/2022

04/08/2022

4.73

Interim 2022

17.5

02/12/2021

03/12/2021

06/01/2022

1.75

Final 2021

45.9

01/07/2021

02/07/2021

05/08/2021

4.59

Interim 2021

17.0

03/12/2020

04/12/2020

07/01/2021

1.7

Final 2020

44.5

25/06/2020

26/06/2020

06/08/2020

4.45

Interim 2020

16.6

05/12/2019

06/12/2019

09/01/2020

1.66

Final 2019

43.2

27/06/2019

28/06/2019

08/08/2019

4.32

Interim 2019

16.1

29/11/2018

30/11/2018

10/01/2019

1.61

Final 2018

41.5

28/06/2018

29/06/2018

09/08/2018

4.15

Interim 2018

15.5

30/11/2017

01/12/2017

11/01/2018

1.55

Final 2017

39.9

06/07/2017

07/07/2017

03/08/2017

3.99

Interim 2017

14.9

01/12/2016

02/12/2016

05/01/2017**

1.49

2nd Interim 2016

38.3

03/03/2016

04/03/2016

01/04/2016*

3.83

Interim 2016

14.3

03/12/2015

04/12/2015

07/01/2016*

1.43

Final 2015

36.8

09/07/2015

10/07/2015

06/08/2015*

3.68

Interim 2015

13.8

11/12/2014

12/12/2014

08/01/2015

1.38

Final 2014

35.7

09/07/2014

11/07/2014

07/08/2014

3.57

as at 31 March 2025
Special dividend history

The dividend per share presented below is based on the number of ordinary shares in issue before the 10:1 sub-division which occurred on 25 July 2025. To aid comparability, the equivalent amount based on the number of ordinary shares in issue after the sub-division is shown in the final column.

Description

Dividend
(p per share)

Ex-dividend
date

Record
date

Payment
date

Restated Dividend
(p per share)

Special 2022

175.0

30/06/2022

01/07/2022

04/08/2022

17.5

Special 2017

100.0

06/07/2017

07/07/2017

03/08/2017

10.0

Special 2000

70.0

26/06/2000

30/06/2000

02/08/2000

7.0

Special 1997

30.0

04/04/1997

04/04/1997

01/05/1997

3.0

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Dividends

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Key Information Document

Read the prescribed information about our ordinary shares.