# British American Tobacco Quarterly Dividends for the year ended 31 December 2018

- Link: https://www.directorstalkinterviews.com/british-american-tobacco-quarterly-dividends-for-the-year-ended-31-december-2018/412785314
- Published: 2019-06-18T07:19:57+01:00
- Author: Giles Arbor

On 28 February 2019, **British American Tobacco** ([LON: BATS](https://www.directorstalkinterviews.com/company/british-american-tobacco/bats.l))
announced that the Board had declared an interim dividend of 203.0p per ordinary
share of 25p, payable in four equal quarterly instalments of 50.75p per ordinary
share in May 2019, August 2019, November 2019 and February 2020.

The August 2019 Dividend will be payable on 8 August 2019 to shareholders registered
on either the UK main register or the South Africa branch register on 28 June 2019(
the record date).

In accordance with the JSE Limited Listing Requirements, the finalisation information
for the August 2019 Dividend relating to shareholders registered on the South Africa
branch register is set out in the paragraphs below.

The salient dates and other dividend declaration information announced on 28 February
2019 remain unchanged for the August 2019 Dividend.

**South Africa Branch Register: Dividend Rate**

The British American Tobacco Group reports in sterling, therefore dividends are 
declared and payable in sterling except for shareholders on the branch register 
in South Africa whose dividends are payable in rand. A rate of exchange of £:R =
18.67540 as at 14 June 2019 (the closing rate on that date as quoted by Bloomberg),
results in an equivalent August 2019 Dividend of 947.77655 SA cents per ordinary
share.

**South Africa Branch Register: Dividends Tax Information**

South Africa Dividends Tax (at a rate of 20%), equivalent to 189.55531 SA cents 
per ordinary share, will be withheld from the gross August 2019 Dividend paid to
shareholders on the South Africa branch register, unless a shareholder qualifies
for an exemption. After Dividends Tax has been withheld, the net dividend will be
758.22124 SA cents per ordinary share. The August 2019 Dividend is regarded as a‘
foreign dividend’ for the purposes of the South Africa Dividends Tax. For the purposes
of South Africa Dividends Tax reporting, the source of income for the payment of
the August 2019 Dividend is the United Kingdom.

At the close of business on 14 June 2019 (the latest practicable date prior to the
date of the declaration of the South African rand equivalent of the August 2019 
Dividend), the Company had a total of 2,293,797,171 ordinary shares in issue (excluding
treasury shares). The Company held 162,645,590 ordinary shares in treasury giving
a total issued share capital of 2,456,442,761 ordinary shares.

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