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Dividend

The Board announced a special interim dividend for 2018 of 12.0 pence per ordinary share which was paid on
Friday 21 September 2018 to shareholders on the share register on Friday 24 August 2018.  The special  interim dividend is the return of proceeds from the sale of the Single Strategy business.  

Calculate your dividend payment

This calculator is for illustrative purposes only. It calculates the gross dividend and does not consider any taxation implications per the country or region you reside in. Quilter shall not be responsible and disclaims all liability for any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of or reliance upon any information, links or service provided through this calculator.

Further information

 

Special interim dividend 2018

The Board has announced a special interim dividend of 12.0 pence per share returning the surplus proceeds of the sale of the Single Strategy business. 

The key dates are set out below: 

Shareholders on the UK share register

Announcement date

 

8 August 2018

Ex-dividend date in the UK

 

23 August 2018

Record date

 

24 August 2018

Payment date

 

21 September 2018

Dividend amount (£)

 

12.0 pence per share


Shareholders on the South African share register

Announcement date

 

8 August 2018

Last day to trade cum dividend in South Africa

 

21 August 2018

Shares trade ex-dividend in South Africa

 

22 August 2018

Record date

 

24 August 2018

Payment date

 

21 September 2018

Dividend amount (ZAR)

 

206.42952 SA cents per share

ZAR exchange rate

 

17.20246


The special interim dividend was declared in pounds sterling. For shareholders on the South African share register the funds were converted into South African ZAR at the above exchange rate.

From the opening of trading on Wednesday 8 August 2018 until the close of business on Friday 24 August 2018, no transfers between the London and Johannesburg registers were permitted.   Share certificates for shareholders on the South African register were not dematerialised or rematerialised between 22 and 24 August 2018, both dates inclusive.

Dividend tax was withheld at the rate of 20% from the amount of the gross dividend of 206.42952 South African cents per share paid to South African shareholders unless a shareholder qualified for an exemption. After the dividend tax was withheld, the net dividend was 165.14362 South African cents per share. The Company had a total of 1,902,251,098 shares in issue as at 8 August 2018.

If you are uncertain as to the tax treatment of any dividends you should consult your own tax advisor.

Information about your dividends

Our policy

We will target a dividend pay-out ratio of 40% to 60% of post-tax operating profits.  We expect to pay an interim and a final dividend each financial year.

It is expected that the final and interim dividends will be paid in the approximate proportions of two-thirds (final dividend) and one-third (interim dividend), of the total dividends payable in respect of a financial year, taking into account the underlying cash generation, cash resources, capital position, distributable reserves and market conditions at the time.

The first Quilter plc dividend payment is expected to be the final dividend in respect of the year ended 31 December 2018, which will be paid following approval of the financial statements for the year ended 31 December 2018 at the Annual General Meeting of the Company, currently expected to be held in May 2019.

The Directors expect this dividend to be determined by a pay-out at the lower end of the target range and to reflect the expected split of interim and final dividends.

All key dividend dates such as ex-dividend date, record date and payment date will be published on our website as soon as they are announced.

You can find out more about our dividends under our Dividend FAQs:

More information