It is the Company's current policy to pay an interim and final dividend in respect of each financial year, with approximately one third of the full year's dividend being payable as an interim dividend and two thirds as a final dividend. Dividends may be paid to shareholders in either UK Sterling or US Dollars.
Dividends will be paid in UK Sterling unless a shareholder elects to receive them in US Dollars, in which case a currency election form must be completed and returned to Link Asset Services. If you wish to receive your dividends in UK Sterling, there is no need to complete a Currency Election Form.
Dividends in US Dollars will be paid by cheque. Dividends in UK Sterling can be paid either by cheque or directly into your bank or building society account. If you wish to have your dividends paid direct into your account, you need to complete and return a dividend payment instruction form to Link Asset Services.
Half year dividend
The Board declared an interim dividend of 12.70 cents per share for the six months ended 30 June 2017 (2016: 22.00 cents).
The exchange rate used to convert the dividend payment from US dollars to UK Sterling (for those shareholders who did not elect to receive payment in US dollars) was US$1.3404:£1 (based on the exchange rate on Wednesday, 27 September 2017).
The UK Sterling amount of dividend payable on Friday 20 October 2017 was 9.47 pence per share.