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Dividends

Interim Dividend 2021

The Interim Dividend for the year ending 31 December 2021 of 1.7 pence per ordinary share was paid on Monday 20 September 2021 to shareholders holding shares on the register on Friday 3 September 2021 (record date).

Dividend rate

UK South Africa
1.7 pence (GBP) 34.88104 SA cents
This calculator is for illustrative purposes only.
It calculates the gross dividend and does not consider any taxation implications per the country or region you reside in. Quilter shall not be responsible and disclaims all liability for any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of or reliance upon any information, links or service provided through this calculator.

Key dates

The key Interim Dividend 2021 dates are set out below:

Shareholders on the UK share register
Announcement date 11 August 2021
Ex-dividend date in the UK 2 September 2021
Record date 3 September 2021
Payment date 20 September 2021
Dividend amount (£) 1.7 pence per share

 

Shareholders on the South African share register
ZAR rate set for dividend payable to shareholders on the South Africa branch register 10 August 2021
Announcement date 11 August 2021
Last day to trade cum dividend in South Africa 31 August 2021
Shares trade ex-dividend in South Africa 1 September 2021
Record date 3 September 2021
Payment date 20 September 2021
Dividend amount (ZAR) 34.88104 SA cents per share
ZAR exchange rate 20.51826

 

The 2021 Interim Dividend was declared in pounds sterling. For shareholders on the South African share register the funds were converted into South African ZAR at the above exchange rate.

Shareholders who hold shares through the Johannesburg Stock Exchange received their dividend (treated as a dividend from a foreign source) in South African ZAR.

From the opening of trading on Wednesday 11 August 2021 until the close of business on Friday 3 September 2021, no transfers between the London and Johannesburg registers were permitted. Share certificates for shareholders on the South African register were not be dematerialised or rematerialised between Wednesday 1 and Friday 3 September 2021, both dates inclusive.

Dividend tax was withheld at the rate of 20% from the amount of the gross dividend of 34.88104 South African cents per share paid to South African shareholders unless a shareholder qualifies for an exemption. After the dividend tax was withheld, the net dividend was 27.51826 South African cents per share. The Company had a total of 1,713,363,464 shares in issue as at Tuesday 10 August 2021.

If you are uncertain as to the tax treatment of any dividends you should consult your own tax advisor.

Our dividend policy

Information about your dividends

Our policy

We target a dividend pay-out ratio of 40% to 60% of post-tax adjusted profits.

On Wednesday 3 November 2021, we announced a revised Group dividend policy. The new policy sets a target pay-out range of 50% to 70% of post-tax, post-interest adjusted profits, revised from 40% to 60% of post-tax adjusted profits previously. The new policy will become effective after our 2021 Final Dividend is paid.

We expect to pay an Interim and a Final dividend each financial year. It is expected that the Final and Interim dividends will be paid in the approximate proportions of one-third (Interim dividend) and two-thirds (Final dividend) of the total dividends payable in respect of a financial year, taking into account the underlying cash generation, cash resources, capital position, distributable reserves and market conditions at the time.

All key dividend dates such as ex-dividend date, record date and payment date will be published on our website as soon as they are announced.

You can find out more about our dividends under our Dividend FAQs:

Dividend history

Shareholders on the UK share register

Dividend Ex-div date Record date Payment date Dividend amount (GBP) per share
2021 Interim 2 September 2021 3 September 2021 20 September 2021 1.7 pence
2020 Final 8 April 2021 9 April 2021 17 May 2021 3.6 pence
2020 Interim 3 September 2020 4 September 2020 21 September 2020 1 pence
2019 Final 2 April 2020 3 April 2020 18 May 2020 3.5 pence
2019 Interim 29 August 2019 30 August 2019 20 September 2019 1.7 pence
2018 Final 25 April 2019 26 April 2019 20 May 2019 3.3 pence
2018 Special interim dividend 23 August 2018 24 August 2018 21 September 2018 12.0 pence


Shareholders on the South African share register

Dividend ZAR exchange rate set Last date to trade cum dividend Shares trade ex-dividend Record date Payment date Dividend amount (ZAR) per share ZAR exchange rate

2021 Interim

10 August 2021 31 August 2021 1 September 2021 3 September 2021 20 September 2021 34.88104 SA cents 20.51826

2020 Final

9 March 2021 6 April 2021 7 April 2021 9 April 2021 17 May 2021 76.88786 SA cents 21.35774

2020 Interim

7 August 2020 1 September 2020 2 September 2020 4 September 2020 21 September 2020 22.97432 SA cents 22.97432

2019 Final

10 March 2020 31 March 2020 1 April 2020 3 April 2020 18 May 2020 72.78519 SA cents 20.79577

2019 Interim

2 August 2019 27 August 2019 28 August 2019 30 August 2019 20 September 2019 30.24071 SA cents 17.78865

2018 Final

11 March 2019 23 April 2019 24 April 2019 26 April 2019 20 May 2019 61.92028 SA cents 18.76372

2018 Special interim dividend

7 August 2018 21 August 2018 22 August 2018 24 August 2018 21 September 2018 206.42952 SA cents 17.20246