PLC | Investors

Dividends

Dividend dates

  Date
Ex-dividend date final dividend 16 May 2019
Record date final dividend 17 May 2019
Dividend Reinvestment Plan Election date 31 May 2019
Final dividend payable 21 June 2019

You can calculate the value of your latest dividend and find information on historical dividends here.

What is a dividend?

Dividends are payments out of company profits made to everyone who holds shares on the Record Date. The frequency of dividend payments are determined by the Company's dividend policy and the amount paid per share is based on the number of shares held by shareholders at the Record Date. Dividends can be either paid in cash or used to buy more Tesco PLC shares.

What is the ex-dividend date?

We consult the London Stock Exchange Dividend Procedure Timetable to set the date on which shares are sold without entitlement to the next dividend payment. This is known as the ex-dividend date and is generally the business day preceding the record date. If you buy shares before the ex-dividend date, you are entitled to the most recently-announced dividend; if you buy after that date, the dividend is paid to the previous owner of the shares.

What is the record date?

A dividend is paid based on the number of shares held on the share register on a particular date, which is known as the record date. In accordance with the London Stock Exchange Dividend Procedure Timetable, the record date is currently one day after the ex-dividend date. If you receive a dividend and are not sure if you are entitled to it, you should contact the agent who sold your shares for you.

How can I have my dividends paid?

You have the option of:

  • having them paid direct to your bank or building society account; or
  • electing to use them to buy more Tesco shares via the Dividend Reinvestment plan; or
  • being sent a cheque to your registered address.

Having your dividend paid directly into your bank or building society account through the BACS system means:

  • Fast and convenient payment;
  • No more lost or stolen cheques;
  • Reduces the risk of fraud; and
  • Reduces the amount of paper we use.

You can quickly and easily update your dividend instruction by completing a bank mandate form. Alternatively, if you hold 2,500 shares or less you can provide your account details over the telephone using the following contact details:

Our Registrar, Equiniti Limited, will send you a dividend confirmation to confirm the amount and to which account it has been paid.

If you need to update your bank/building society account details, you can do so through your Shareview Portfolio at www.shareview.co.uk or, if you are a sole shareholder of 2,500 shares or less, you can update your bank/building society account details be calling Equiniti on 0371 384 2977*.

If you are a non-UK shareholder you can sign up to Equiniti’s Overseas Payment Service. For more information please visit www.shareview.co.uk/info/ops or contact the shareholder helpline on +44 121 415 7053**.

What is the Dividend Reinvestment Plan (DRIP)?

We operate a Dividend Reinvestment Plan which allows you to reinvest your cash dividends in additional Tesco PLC shares.

If you would like to join or leave the DRIP you can do so through your Shareview Portfolio at www.shareview.co.uk or by calling Equiniti on 0371 384 2977* from the UK or +44 121 415 7053** from overseas.

Do I have to pay tax on my dividends?

From April 2018 the Dividend Allowance rate reduced from £5,000 to £2,000. This Dividend Allowance means that UK tax is not payable on the first £2,000 of dividend income from any Ordinary shares and cash dividends from SIP shares in the relevant tax year irrespective of non-dividend income. The allowance is available to any UK tax payer who has dividend income. All dividend payments are now paid gross, with the tax credit voucher being replaced by a dividend confirmation statement.

Any dividends re-invested in SIP Dividend Shares will not be subject to UK income tax if the SIP Dividend Shares are held in the SIP Trust for at least three years.
If you sell any of your shares at a profit, you may have to pay capital gains tax and should submit a self-assessment tax form.

What should I do if I lose my dividend cheque?

Contact the Equiniti helpline on 0371 384 2977* (from outside the UK: +44 121 415 7053**) as soon as possible and confirm which payment has been lost. Equiniti will stop the cheque and either, arrange for the dividend amount to be paid directly into your nominated bank account or issue a replacement. An administration charge may apply.

Dividend cheques are currently valid for one year from the date of payment. After this time, you can return any uncashed cheques to Equiniti who will either arrange for the dividend amount to be paid directly into your nominated bank account or issue a replacement. There may be an administration charge for this service. 

* Lines open 8.30am to 5.30pm (UK time), Monday to Friday (excluding public holidays in England and Wales). Calls to this number from a landline are charged at national rates. Calls to this number from a mobile device may incur network extras.

** Lines open 8.30am to 5.30pm (UK time), Monday to Friday (excluding public holidays in England and Wales).

 

Become an online shareholder

By setting up an online shareholder account with our registrars, Equiniti, you can manage your shareholding electronically. The Shareview service is free to set up and allows you to:

  • update your personal details online;
  • request that dividends are paid direct into your bank account or update your dividend payment instructions;
  • vote at company meetings online;
  • view the data held for you on the share register including recent share movements and dividend details;
  • view company notifications to shareholders; and
  • view more information on your shares and other investments. 

It's easy to sign up for Shareview - you just need the 'shareholder reference number' printed on your proxy form, share certificates or dividend stationery.
Visit the site for more details: www.shareview.co.uk.