Dividends

Barclays Africa Group’s primary financial objective is to create sustainable value for shareholders.

In determining the dividends cognisance is given to the Group’s strategy; capital adequacy position; regulatory changes; its growth plans (organic and inorganic); the integrity of its balance sheet; profitability; its budget and near-term business objectives.

Latest dividend:

A dividend of 570 cents per ordinary share was declared on 23 February 2017, for the period ended 31 December 2016. The ordinary dividend is payable to shareholders recorded in the register of members of the Company at the close of business on 7 April 2017. The directors of Barclays Africa Group Limited confirm that the Group will satisfy the solvency and liquidity test immediately after completion of the dividend distribution

The dividend will be subject to local dividends withholding tax at a rate of 15% to shareholders who are not exempt, which will result in a net local dividend of 484.50 cents per ordinary share to such shareholders.

Dividend

Share certificates may not be dematerialised or rematerialised between Wednesday, 5 April 2017 and Friday, 7 April 2017, both dates inclusive. On Monday, 10 April 2017, the dividend will be electronically transferred to the bank accounts of certificated shareholders. The accounts of those shareholders who have dematerialised their shares (which are held at their participant or broker) will be credited on Monday, 10 April 2017.

Kindly note that, in accordance with the recent amendments to our Memorandum of Incorporation as approved by shareholders, we no longer issue cheques for dividends or any other corporate action. This measure was implemented to combat the recent increase in attempted fraud on cheques.

Key dates
Key dates for the year-end dividend for the reporting period ended 31 December 2016 and the interim dividend for the reporting period 30 June 2017.

Date Event
23 February 2017 Announcement of 2016 full year results
23 February 2017 Final dividend declaration date
4 April 2017 Last day to trade
5 April 2017 Ex-dividend date
7 April 2017 Final dividend record date
10 April 2017 Final dividend payment date
16 May 2017 Annual general meeting
*28 July 2017 Announcement of 2017 interim results
*5 September 2017 Last day to trade
*6 September 2017 Ex-dividend date
*8 September 2017 Final dividend record date
*11 September 2017 Final dividend payment date

* Please note that these dates are provisional and are subject to change

Our dividend history

Reporting period Number Declaration Payment date Amount
(cents per share)
Dec-16 61 23 Feb 2017 10 Apr 2017 570
June-16 60 29 July 2016 12 Sep 2016 460
Dec 15 59 1 Mar 2016 11 Apr 2016 550
June-15 58 29 Jul 2015 14 Sep 2015 450
Dec-14 57 3 Mar 2015 20 Apr 2015 525
Jun-14 56 30 Jul 2014 15 Sep 2014 400
Dec-13 55 11 Feb 2014 7 Apr 2014 470
Jun-13* 1 30 Jul 2013 25 Nov 2013 708
Jun-13 54 30 Jul 2013 16 Sep 2013 350
Dec-12 53 12 Feb 2013 8 Apr 2013 369
Jun-12 52 27 Jul 2012 10 Sep 2012 315
Dec-11 51 10 Feb 2012 2 Apr 2012 392
Jun-11 50 2 Aug 2011 29 Aug 2011 292
Dec-10 49 15 Feb 2011 14 Mar 2011 230
Jun-10 48 5 Aug 2010 30 Aug 2010 225
Dec-09 47 16 Feb 2010 15 Mar 2010 220
Jun-09 46 3 Aug 2009 31 Aug 2009 225
Dec-08 45 9 Feb 2009 9 Mar 2009 330
Jun-08 44 7 Aug 2008 1 Sep 2008 265
Dec-07 43 19 Feb 2008 17 Mar 2008 320
Jun-07 42 2 Aug 2007 3 Sep 2007 240
Dec-06 41 20 Feb 2007 19 Mar 2007 265
Jun-06 40 3 Aug 2006 4 Sep 2006 208
Dec-05 39 21 Feb 2006 20 Mar 2006 135
Sep-05 38 21 Nov 2005 27 Dec 2005 160
Mar-05 37 9 May 2005 27 Jun 2005 200
Sep-04 36 22 Nov 2004 28 Dec 2004 95
Mar-04 35 31 May 2004 28 Jun 2004 110
Sep-03 34 24 Nov 2003 22 Dec 2003 72
Mar-03 33 30 May 2003 30 Jun 2003 85
Sep-02 32 18 Nov 2002 17 Dec 2002 60
Mar-02 31 27 May 2002 8 Jul 2002 63
Sep-01 30 19 Nov 2001 18 Dec 2001 53

*Special dividend

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