Q When is the next BT Group dividend due?
A BT's dividends have historically been paid twice yearly, in February and September (see dates and payments for past dividends). As part of BT's debt reduction and restructuring, no final dividend was paid in respect of the 2001 financial year (ended 31 March 2001), nor an interim dividend for the 2002 financial year.
BT returned to the dividend list in September 2002 with the payment of a final dividend in respect of the 2002 financial year.
Details of dividends are first given in BT Group's half-year and preliminary year end financial results announced in November and May, respectively. See Financial Calendar.
Q How much is the next dividend going to be?
A Details of forthcoming dividends are generally announced in November and May with BT's half-year and preliminary annual financial results (see above). See Financial Calendar. The Shareholder Helpline will be able to give you the dividend information after these dates.
Q Can I have my dividends paid as extra shares?
A Yes. BT has a dividend investment plan that allows shareholders to obtain additional BT shares instead of receiving cash dividends. Since shares are bought in the market, rather than issued from unissued share capital, there is a charge of 1% (minimum £1.50) of the amount used to buy the shares. This charge includes 0.5% stamp duty.
Full details of how you can elect to receive shares instead of cash dividends are given in the explanatory booklet on the dividend investment plan.
Q Can overseas shareholders join the BT Dividend Investment Plan?
A Residents in the UK or the European Economic Area (“EEA”) can join. If you are a resident outside the UK or EEA, you may take part in the Plan provided you are not subject to regulations that would oblige Equiniti or BT to comply with any governmental or regulatory procedures or similar formalities. You are responsible for making sure you can validly take part and for complying with all necessary formalities. You should consult a professional adviser if you are in any doubt about:
- Whether you need any government consents or to observe any other formalities
- Whether you are prohibited from receiving shares instead of cash dividends.
The Plan is not available to private shareholders in the United States, Canada and Japan due to governmental/regulatory obligations in those jurisdictions. Institutional investors wishing to offer the Plan to underlying investors resident in the US, Canada and Japan should seek legal advice to satisfy themselves that they have the necessary permissions to meet all the necessary governmental/regulatory obligations in these jurisdictions. Equiniti will cancel your participation in the Plan if it reasonably believes you are not eligible to participate in the Plan.
Q I am a non-taxpayer; can I have my BT dividends paid gross?
A Under UK Government legislation, all dividends are paid net of tax. Unfortunately, therefore, we cannot pay your dividends gross.
Q I've lost a dividend cheque. Can I have a new one?
A Yes. To obtain a replacement cheque you need to write to our Registrars Equiniti, giving details of the cheque that you need to replace. Please ensure that you:
- State that you are a BT shareholder.
- State your Shareholder Reference – this can be found on your share certificate or an old dividend statement.
- Write your name and address exactly as it is recorded on the Register of Shareholders.
There may be an Administration Fee to pay when Equiniti reissues a cheque to you. If applicable, the fee will be deducted before the payment is reissued. You will, therefore, receive the payment minus the applicable fee. Full details of the fees payable are on the Equiniti website
Q I have found an out-of-date BT dividend cheque; what do I do?
A The cheque should be returned to our registrars Equiniti with a covering letter asking them to re-issue the cheque.
There may be an Administration Fee to pay when Equiniti reissues a cheque to you. If applicable, the fee will be deducted before the payment is reissued. You will, therefore, receive the payment minus the applicable fee. Full details of the fees payable are on the Equiniti website.
Q Can BT pay my dividends directly into my bank or building society account?
A Individual shareholders with less than 1,500 shares can amend payment instructions with a quick, free phone call to our Shareholder Helpline. Alternatively, you can complete a Dividend payment form and post it to Equiniti.
If you have signed up to the BT e-communication service you give or amend instructions to pay your dividends directly into your bank or building society account - securely - online.
Q I have my dividends paid directly to a bank or building society account. I have now changed my account; who do I notify?
If you have signed up to the BT e-communication service, you can amend your instructions securely online. Individual shareholders with less than 1,500 shares can amend instructions with a quick free call to our Shareholder Helpline. Alternatively, you can complete a Dividend payment form and post it to our registrars Equiniti.
Q Can you explain the changes in dividend taxation which came into effect in April 2016?
A In April 2016 the dividend tax credit was replaced by a tax-free dividend allowance. See Dividends and UK income tax for more details.