The Board has proposed a final dividend per share for 2019 of 22.9 pence per share. If approved by Shareholders at the AGM on 18 July, this will give a total dividend for the year of 30 pence per share, an increase of 1.7% on the previous year and the final dividend will be paid on 9 August 2019 to Shareholders on the register at 5 July 2019.
We pay dividends twice a year and have a policy of maintaining dividend cover of between 2.5 and 3 times.
Babcock operates a Dividend Re-Investment Plan (DRIP), details of which are available from our website here.
Past dividend payments per 60p share, adjusted where applicable for the Rights Issue in May 2014, are listed below.
|2018/19||16 Jan 19||7.10p|
|2017/18||16 Jan 18||6.85p||10 Aug 18||22.65p||29.5p||4.8|
|2016/17||13 Jan 17||6.50p||11 Aug 17||21.65p||28.15p||9.1|
|2015/16||14 Jan 16||6.05p||12 Aug 16||19.75p||25.80p||9.0|
|14 Jan 15||5.50p||12 Aug 15||18.10p||23.60p||10.4|
|2013/14||10 Jan 14||5.00p||12 Aug 14||16.40p||21.40p||12.6|
|2012/13||11 Jan 13||4.60p||8 Aug 13||14.40p||19.00p||15.9|
|2011/12||13 Jan 12||4.10p||7 Aug 12||12.30p||16.40p||17.1|
|2010/11||14 Jan 11||3.80p||9 Aug 11||10.30p||14.00p||10.2|