Dividend Policy

Our policy to increase dividends progressively whilst maintaining dividend cover of at least 2x remains. However, in light of the challenging trading environment faced by the Group, the Board concluded at the 2008 preliminary results that it was prudent to retain maximum capital flexibility for the Group. Therefore, alongside actions being taken on costs and in other areas of the business, the Board did not propose a final dividend for 2008, or interim dividend for 2009, and does not envisage paying dividends until the trading environment improves.

Dividend History

Year Record Date Ex-dividend date Payment date Dividend p/share
2008 03-Oct-08 01-Oct-08 31-Oct-08 3.2
2007 09-May-08 07-May-08 06-June-08 15.5
  05-Oct-07 03-Oct-07 30-Oct-07 7.1
2006 05-May-07 02-May-07 08-June-07 17.2
  06-Oct-06 04-Oct-06 31-Oct-06 7.1
2005 05-May-06 03-May-06 9-June-06 15.5
  07-Oct-05 05-Oct-05 01-Nov-05 6.4
2004 06-May-05 04-May-05 10-June-05 14.30
  08-Oct-04 06-Oct-04 01-Nov-04 5.90
2003 07-May-04 05-May-04 07-June-04 12.80
  03-Oct-03 01-Oct-03 31-Oct-03 5.30
2002 09-May-03 07-May-03 04-June-03 12.30
  04-Oct-02 02-Oct-02 31-Oct-02 5.30
2001 03-May-02 01-May-02 05-June-02 12.30
  05-Oct-01 03-Oct-01 31-Oct-01 5.30
2000 04-May-01 02-May-01 31-May-01 12.30
  29-Sep-00 25-Sep-00 27-Oct-00 5.30
1999 02-May-00 25-April-00 31-May-00 11.20
  20-Aug-99 16-Aug-99 29-Oct-99 4.80
1998 12-Mar-99 8-Mar-99 7-May-99 10.10
  02-Oct-98 28-Sep-98 30-Oct-98 4.40
1997 03-Apr-98 30-Mar-98 01-May-98 9.2
  03-Oct-97 29-Sep-97 31-Oct-97 4.0