Dividends and Share Buybacks
Barclays understands the importance of delivering attractive total cash returns to shareholders. Barclays is therefore committed to maintaining an appropriate balance between total cash returns to shareholders, investment in the business and maintaining a strong capital position. Going forward, Barclays intends to pay a progressive ordinary dividend, taking into account these objectives and the earnings outlook of the Group. It is also the Board’s intention to continue to supplement the ordinary dividends with additional cash returns, including share buybacks, to shareholders as and when appropriate.
Dividends will be paid semi-annually, with the half year dividend expected to represent, under normal circumstances, around one-third of the total dividend for the year.
As owners of Barclays, shareholders benefit from buybacks as they reduce overall share count, thereby increasing each share’s percentage ownership of Barclays equity and proportion of future capital returns.
Full year dividend for the year ended 31 December 2021
The full year dividend for the year ended 31 December 2021 of 4.0p per ordinary share was paid on Tuesday 5 April 2022 to shareholders holding shares on the register on Friday 4 March (record date).
For qualifying US and Canadian-resident American Depositary Receipt (ADR) holders, the full year dividend of 4.0p per ordinary share will become 16.0p per ADS (American Depositary Security - representing four shares). The ADR depositary posted the dividend on Tuesday 5 April 2022 to ADR holders on record on Friday 4 March 2022.
On 23 February 2022, Barclays announced its intention to initiate a share buyback up to up £1.0bn, bringing the total share buybacks announced in relation to 2021 to £1.5bn. The share buyback is expected to commence in Q2 2022 following the publication of Barclays Q1 2022 Results Announcement.
Previous capital returns
A half year dividend of 2.0p per ordinary share was paid on Friday, 17 September 2021 to shareholders holding shares on the register on Friday, 13 August 2021 (record date).
For US and Canadian-resident American Depositary Receipt (ADR) holders, the half year dividend of 2.0p per ordinary share became 8.0p per ADS (American Depositary Security - representing four shares). The ADR depositary posted the dividend on Friday, 17 September 2021 to ADR holders on record on Friday, 13 August 2021.
During 2021 Barclays under took two share buyback programmes. You can read more about these below.
Barclays has made the decision that from April 2023, dividends will no longer be paid by cheque. All future dividends will be credited to a shareholder’s nominated bank account or building society. We believe it is beneficial for our shareholders to use a more secure payment method and, in line with our targets to reduce our environmental footprint, the environmental impact of printing and posting cheques will be removed.
To receive Barclays PLC dividends and any other money payable to you in connection with your Barclays PLC ordinary shares, you will need to provide your bank or building society account details. Please complete the Bank Mandate Form below and send to Equiniti at the address listed on the form.
Barclays issues a consolidated dividend confirmation for the financial year in March/April to shareholders who have their dividends paid directly into a bank or building society account.
Shareholders who receive a dividend cheque posted to their registered address receive a dividend confirmation with each payment.
To request a duplicate dividend confirmation, please contact Equiniti on 0371 384 2055 in the UK or +44 121 415 7004 from outside the UK. Lines open 8:30am to 5:30pm (UK time), Monday to Friday, excluding public holidays in England and Wales.
Alternatively you can contact Equiniti via www.shareview.co.uk.
There may be an administration charge for issuing duplicate dividend confirmations. You can also access your dividend information and electronic dividend confirmation online using Shareview.
Barclays offers a dividend reinvestment plan (DRIP) for those shareholders who wish to elect to use their dividend payments to purchase additional ordinary shares, rather than receive a cash payment. The DRIP will be provided and administered by Barclays’ registrar, Equiniti. Further details regarding the DRIP can be found at www.shareview.co.uk/info/drip
Barclays will not offer a scrip alternative for the 2021 full year dividend and does not, at this time, intend to offer a scrip alternative for any future dividend payment. Qualifying US and Canadian resident ADR holders should contact Shareowner Services for further details regarding the DRIP.
Barclays will not offer a scrip alternative for the 2020 full year dividend and does not, at this time, intend to offer a scrip alternative for any future dividend payment. Instead, Barclays will be offering a share alternative in the form of a dividend reinvestment plan (DRIP) for those shareholders who wish to elect to use their dividend payments to purchase additional ordinary shares, rather than receive a cash payment.
Further details regarding the DRIP can be found at at www.shareview.co.uk/info/drip
Qualifying US and Canadian resident ADR holders should contact Shareowner Services for further details regarding the DRIP.
During 2021 Barclays under took two share buyback programmes. The first was a £700m share buyback which was announced in February 2021 and completed in April 2021. The second buy back was announced in our Half Year 2021 Results Announcement published on 28 July 2021, when Barclays announced its intention to initiate a further share buyback of up to £500m. This buyback commenced on 2 August 2021 and completed on 30 November 2021. The purpose of each of the buybacks was to reduce the share capital of the company and the ordinary shares purchased under the buybacks were cancelled.
The purchases of ordinary shares under each of the buybacks in 2021 were carried out on the London Stock Exchange in accordance with (and subject to the limits prescribed by) the Company’s general authority to repurchase ordinary shares granted by its shareholders at the annual general meeting on 5 May 2021 (the “2021 Authority”), Chapter 12 of the Financial Conduct Authority’s Listing Rules, Article 5(1) of the Market Abuse Regulation (EU) No 596/2014 (as it forms part of Retained EU Law as defined in the European Union (Withdrawal) Act 2018), the Commission Delegated Regulation (EU) No 2016/1052 (as it forms part of Retained EU Law as defined in the European Union (Withdrawal) Act 2018), and applicable US federal securities laws.
No repurchases were made in the United States or in respect of the Company's American Depositary Receipts.
The maximum aggregate number of ordinary shares that could have been repurchased under the Buybacks was 1,736,530,906, being the number of ordinary shares Barclays PLC was authorised to repurchase under the 2021 Authority.
Historic Share Buybacks
|Commencement Date||Completion Date||Buyback Amount||Shares Purchased||Average Purchase Price|
|Half Year (2021)||2 August 2021||30 November 2021||Up to £500m||266,987,647||£1.872|
|Full Year (2020)||19 March 2021||22 April 2021||£700m||377,356,751||£1.855|
||Scrip reference share price
|Half year (2021)||12/08/2021||13/08/2021||17/09/2021||2.0p||N/A Drip|
|Full year (2020)||25/02/2021||26/02/2021||01/04/2021||1.0p||N/A Drip|
|Half year (2020)||N/A||N/A||N/A||N/A||N/A|
|Full year (2019)||N/A||N/A||N/A||N/A||N/A|
|Half year (2019)||08/08/2019
|Full year (2018)
|Half year (2018)
|3rd Interim (2015)
|2nd Interim (2015)
|1st Interim (2015)
|3rd Interim (2014)
|2nd Interim (2014)
|1st Interim (2014)
|3rd Interim (2013)
|2nd Interim (2013)
|1st Interim (2013)
|3rd Interim (2012)
|2nd Interim (2012)||08/08/2012
|1st Interim (2012)
|3rd Interim (2011)
|2nd Interim (2011)
|1st Interim (2011)
|3rd Interim (2010)
|2nd Interim (2010)
|1st Interim (2010)