Berkeley Group Holdings plc (LON:BKG) has announced that an interim dividend of 59.30 pence per share will be paid on 8 September 2023 to shareholders on the Company’s register of members at close of business on 18 August 2023. The ex-dividend date is 17 August 2023.
The target return under the ongoing Shareholder Returns Programme for the twelve months to 30 September 2023 is £282,727,790 (‘Qualifying Return’). On 24 March 2023, a dividend of £75,225,652 (69.44 pence per share) was paid to shareholders on the Company’s register of members at close of business on 3 March 2023. The table below sets out how the Qualifying Return is being satisfied:
| Qualifying Return | £282,727,790 |
| Dividend paid on 24 March 2023 (69.44 pence per share) | £75,225,652 |
| Shareholder return satisfied through share buy-backs | £144,433,244 |
| Shareholder return to be satisfied as dividend to be paid 8 September 2023 | £63,068,894 |
| Number of shares eligible for dividend * | 106,361,588 |
| Dividend per share now being declared | 59.30 pence |
* Excluding shares held in Treasury and by the Employee Benefit Trust
The Directors also confirm that the Company is on track to complete the next annual shareholder return of £282,727,790 by 30 September 2024 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. With 106,361,588 shares eligible for distributions, the annual shareholder return now represents £2.66 per share. The Company has determined that, going forward, at least £0.66 of the annual return will be paid as dividend, leaving up to £2.00 per share to be utilised for share buy-backs.
Ann Dibben
Company Secretary, The Berkeley Group Holdings plc
