Land Securities

Dividend information

On 16 May 2007, we announced a change to our dividend payment plan following the Group's conversion to REIT status, this resulted in the payment of quarterly dividends rather than two interim dividends over the financial year.

2011/12 Dividends

* Amount Gross. The PID element of the dividend however, will be paid net of 20% withholding tax (unless a shareholder is eligible for payment of a dividend gross and completes either a Land Securities - REIT declaration - Beneficial ownerBeneficial Owner Declaration of Eligibility for Gross PID Payments form| or an Land Securities - REIT declaration - intermediaryIntermediary Declaration of Eligibility for Gross PID Payments form| and sends to our registrars| Equiniti) - please note that prior to 6 April 2008 the withholding tax level was 22%.

** This element of the dividend will be treated in exactly the same way as Land Securities dividends prior to becoming a REIT and in the same way as dividends received from non-REIT companies.

Click here for dividend dates for 2011/12

2010/11 Dividends

Our full year dividend for 2010/11 was 28.2p per share. Shareholders continue to have the opportunity to participate in the scrip dividend scheme |introduced in the previous financial year and receive their dividend in the form of Land Securities shares (a scrip dividend alternative) as opposed to cash.

2009/10 Dividends

Our full year dividend was 28.0p per share or £212.2m.  This was in line with the guidance given at the time of our Rights Issue in February 2009 and in our 2009 Annual Report.  During the year we introduced a scrip dividend scheme, which provided shareholders with the option to receive their dividend in shares as opposed to cash.  Following the implementation of the scrip alternative, our Dividend Reinvestment Plan (DRIP) was suspended.

2008/09 Dividends

Our final proposed dividend of 7.00p is the amount we indicated at the time of our Rights Issue in February 2009, when we explained that we were resetting our dividend to a lower base. Taken together with the three quarterly dividends of 16.50p, our full year dividend was 56.50p per share.

2007/08 Dividends

Our 2007/08 full year dividend was 64.0p per share, representing a 20.8% increase over 2006/07. A large part of this substantial increase is attributable to the tax saved by being a REIT for the entire 2007/08 financial year.

Dividend history from 2003-2007

Of the 2006/07 final dividend, approximately 4p was our REIT enhancement, equating to one quarter of our estimated annual tax saving of £75m. 10p of the 2006/07 final dividend was paid as a PID with the balance as a non-PID.

Past performance cannot be relied upon as a guide to future performance

If you have any queries on your dividend payments please call our registrar, Equiniti.

For shareholder contacts, including our registrar, Equiniti, please go to the shareholder contacts section of our website.

For further information on participating in the scrip dividend scheme, or to download a Scrip Mandate form, please go to the Scrip dividend section of our website.

Arrange for your dividends to be paid directly into your bank or building society account|