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.

2013/14 Dividends

 Record datePayment datePID element*Non-PID element**Total
1st Interim dividend 13 Sep 13 11 Oct 13 7.60p - 7.60p
2nd Interim dividend  6 Dec 13 9 Jan 14  7.60p  
3rd Interim dividend 14 Mar 14  11 Apr 14  7.60p  
Final 20 Jun 14  18 Jul 14     
Full year dividend        

* 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.

2012/13 Dividends

 Record datePayment datePID element*Non-PID element**Total
1st Interim dividend 14 Sept 12 12 Oct 12 7.40p - 7.40p
2nd Interim dividend 07 Dec 12 10 Jan 13 7.40p  7.40p 
3rd Interim dividend 15 Mar 13 17 Apr 13 7.40p  7.40p 
Final 21 Jun 13  19 Jul 13  7.60p  7.60p 
Full year dividend     29.80p   29.80p 

2011/12 Dividends

 Record datePayment datePID element*Non-PID element**Total
1st Interim dividend 16 Sep 11 24 Oct 11 7.20p - 7.20p
2nd Interim dividend 02 Dec 11 09 Jan 12 7.20p  7.20p 
3rd Interim dividend 16 Mar 12 26 Apr 12 7.20p  7.20p 
Final 22 Jun 12  26 Jul 12  7.40p  7.40p 
Full year dividend         29.0p 

2010/11 Dividends

 Record datePayment datePID element*Non-PID element**Total
1st Interim dividend 17 Sep 10 25 Oct 10 7.00p - 7.00p
2nd Interim dividend 03 Dec 10 10 Jan 11 7.00p  7.00p 
3rd Interim dividend 18 Mar 11 26 Apr 11 7.00p  7.00p 
Final 24 Jun 11 28 Jul 11 7.20p 7.20p 
Full year dividend         28.2p 

 

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

 Record datePayment datePID element*Non-PID element**Total
1st Interim dividend 18 Sep 09 23 Oct 09 7.00p - 7.00p
2nd Interim dividend 9 Dec 09 15 Jan 10 7.00p - 7.00p
3rd Interim dividend 26 Feb 10 01 Apr 10 7.00p - 7.00p
Final 25 Jun 10 30 Jul 10 7.00p 7.00p 
Full year dividend     28.0p  28.0p 

 

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

 Record datePayment datePID element*Non-PID element**Total
1st Interim dividend 19 Sep 08 24 Oct 08 14.85p 1.65p 16.50p
2nd Interim dividend 05 Dec 08 12 Jan 09 16.50p - 16.50p
3rd Interim dividend 20 Mar 09 24 Apr 09 16.50p - 16.50p
Final 19 Jun 09 24 Jul 09 7.00p - 7.00p
Full year dividend     54.85p 1.65p 56.50p

 

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

 Record datePayment datePID element*Non-PID element**Total
1st Interim dividend 21 Sep 07 26 Oct 07 12.8p 3.2p 16.0p
2nd Interim dividend 7 Dec 07 7 Jan 08 12.8p 3.2p 16.0p
3rd Interim dividend 14 Mar 08 25 Apr 08 12.8p 3.2p 16.0p
Final 20 Jun 08 28 Jul 08 16.0p - 16.0p
Full year dividend     54.4p 9.6p 64.0p

 

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

 2003/042004/052005/062006/07
Final 27.20p 32.85p 28.55p 34.00p
Record date 25 Jun 04 24 Jun 05 23 Jun 06 22 Jun 07
Payment date 26 Jul 04 25 Jul 05 24 Jul 06 23 Jul 07
         
Interim 9.90p 10.40p 18.15p 19.00p
Record date 5 Dec 03 3 Dec 04 9 Dec 05 8 Dec 06
Payment date 5 Jan 04 10 Jan 05 9 Jan 06 8 Jan 07
         
Totals 37.10p 43.25p 46.70p 53.00p

 

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

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