Berkeley Group declares interim dividend of 21.25p per share


Berkeley Group Holdings plc (LON:BKG) has announced that an interim dividend of 21.25 pence per share will be paid on 9 September 2022 to shareholders on the Company’s register of members at close of business on 19 August 2022. The ex-dividend date is 18 August 2022.

The target return under the ongoing Shareholder Returns Programme for the twelve months to 30 September 2022 is £282,237,338.  In September 2021, the Company made a return to shareholders of £3.71 per share via a B-share Capital Return scheme, which included an accelerated amount of £141,118,669 in respect of the ongoing Shareholder Returns Programme for the six months to 31 March 2022.  Accordingly, the table below sets out how the Qualifying Return is being satisfied: 

Qualifying Return£282,237,338
Shareholder return for six months to 31 March 2022 accelerated as part of September 2021 B-share Capital Return£141,118,669
Shareholder return satisfied through share buy-backs£117,774,630
Shareholder return to be satisfied as dividend to be paid 9 September 2022£23,344,039
Number of shares eligible for dividend *109,878,507
Dividend per share now being declared21.25 pence

* Excluding shares held in Treasury and by the Employee Benefit Trust

The Directors also announce that the next £141,118,669 shareholder return will be provided by 31 March 2023 through a combination of dividends and share buy-backs.  This amount will be increased appropriately in the event that any new shares are issued either from treasury or as newly listed shares. The amount to be paid as a dividend will be announced prior to the end of February 2023, taking account of any share buy-backs made in the intervening period.

Berkeley Group Holdings is a British property developer and house-builder based in Cobham, England.

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