Dividends

British Land pays a dividend every quarter. The dividend may be paid as Property Income Distribution ('PID'), Non-Property Income Distribution ('non-PID') or a mixture of the two. We may also offer shareholders the opportunity to receive new ordinary shares instead of a cash dividend, via the Scrip dividend scheme.

You can find out more about our dividends in our Frequently asked questions.

Dividend payments

Open all

First Interim Dividend for the Financial Year to 31 March 2018

On 19 July 2017, the Board confirmed that the first interim dividend payment for the quarter ended 30 June 2017 will be 7.52 pence per share, a 3.0% increase on the comparable period last year. The first interim dividend payment will be paid on 10 November 2017 to shareholders on the register at close of business on 6 October 2017 and will be a Property Income Distribution.  The Company will not be offering a scrip alternative with this dividend. The fourth interim dividend payment was paid on 4 August 2017 to shareholders on the register at close of business on 30 June 2017.

Past dividend payments

Open all

Financial Year to 31 March 2017

Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total
4th Interim 29 Jun 17 4 Aug 17 No 7.30p   7.30p
3rd Interim 30 Mar 17 5 May 17 No 7.30p   7.30p
2nd Interim 5 Jan 17 10 Feb 17 No 7.30p   7.30p
1st Interim 6 Oct 16 11 Nov 16 No 7.30p   7.30p

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.

Financial Year to 31 March 2016

Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total
4th Interim 30 Jun 16 5 Aug 16 No 3.545p 3.545p 7.09p
3rd Interim 31 Mar 16 6 May 16 No 7.09p 7.09p
2nd Interim 7 Jan 16 12 Feb 16 Yes 7.09p   7.09p
1st Interim 1 Oct 15 6 Nov 15 Yes 7.09p   7.09p

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.

Financial Year to 31 March 2015

Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total
4th Interim 2 Jul 15 7 Aug 15 Yes 6.92p2   6.92p
3rd Interim 26 Mar 15 6 May 15 No 6.92p   6.92p
2nd Interim 8 Jan 15 13 Feb 15 No 6.92p   6.92p
1st Interim 1 Oct 14 7 Nov 14 Yes 6.92p   6.92p

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.

2Scrip alternative treated as Non-PID for this dividend.

Financial Year to 31 March 2014

Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total
4th Interim 2 Jul 14 8 Aug 14 Yes 6.75p2 6.75p
3rd Interim 19 Mar 14 2 May 14 Yes 6.75p2   6.75p
2nd Interim 8 Jan 14 14 Feb 14 Yes 6.75p     6.75p
1st Interim 2 Oct 13 8 Nov 13 Yes 6.75p   6.75p

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.

2Scrip alternative treated as Non-PID for this dividend.

Financial Year to 31 March 2013

Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total
4th Interim 3 Jul 13 9 Aug 13 Yes 6.60p2   6.60p
3rd Interim 27 Mar 13 10 May 13 Yes 6.60p2   6.60p
2nd Interim 9 Jan 13 15 Feb 13 Yes 6.60p2   6.60p
1st Interim 3 Oct 12 9 Nov 12 Yes 6.60p2   6.60p

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.

2Scrip alternative treated as Non-PID for this dividend.

Financial Year to 31 March 2012

Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total
4th Interim 4 Jul 12 10 Aug 12 No 3.30p 3.30p 6.60p
3rd Interim 28 Mar 12 9 May 12 No 6.50p   6.50p
2nd Interim 11 Jan 12 17 Feb 12 No 6.50p   6.50p
1st Interim 5 Oct 11 11 Nov 11 No 6.50p   6.50p

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.

Financial Year to 31 March 2011

Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total
4th Interim 6 Jul 11 12 Aug 11 Yes 6.50p   6.50p
3rd Interim 30 Mar 11 13 May 11 Yes 6.50p   6.50p
2nd Interim 12 Jan 11 18 Feb 11 Yes 6.50p   6.50p
1st Interim 6 Oct 10 12 Nov 10 Yes   6.50p 6.50p

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.

Financial Year to 31 March 2010

Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total
4th Interim 7 Jul 10 13 Aug 10 Yes   6.50p 6.50p
3rd Interim 7 April 10 14 May 10 Yes   6.50p 6.50p
2nd Interim 13 Jan 10 12 Feb 10 Yes   6.50p 6.50p
1st Interim 14 Oct 09 13 Nov 09 Yes   6.50p 6.50p

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.

Financial Year to 31 March 2009

Dividend Ex-div date Payment date Scrip offered PID element1 Non-PID element Total
4th Interim 15 Jul 09 14 Aug 09 Yes 6.50p2   6.50p
3rd Interim 25 Feb 09 15 May 09 No 9.375p   9.375p
2nd Interim 14 Jan 09 13 Feb 09 No 2.00p 7.375p 9.375p
1st Interim 15 Oct 08 14 Nov 08 No 6.70p 2.675p 9.375p

1The PID element of the cash dividend will be paid net of 20% tax, unless a shareholder is eligible for payment of dividend gross.

2If you elected for the Scrip alternative on this dividend, the Scrip was treated as non-PID.