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.
2021 half year 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.
In its Half Year 2021 Results Announcement published on 28 July 2021, Barclays also announced its intention to initiate a share buyback of up to £500m, which commenced on 2 August 2021. This is in addition to the £700m share buyback which was announced in February 2021 and completed in April 2021.
Previous capital returns
The full year dividend for the year ended 31 December 2020 of 1.0p per ordinary share was paid on Thursday, 1 April 2021 to shareholders holding shares on the register on Friday, 26 February 2021 (record date).
For US and Canadian-resident American Depositary Receipt (ADR) holders, the full year dividend of 1.0p per ordinary share became 4.0p per ADS (American Depositary Security - representing four shares). The ADR depositary posted the dividend on Thursday, 1 April 2021 to ADR holders on record on Friday, 26 February.
In February 2021, Barclays announced its intention to initiate a share buyback of up to £700m, which commenced on 19 March 2021 and completed on 22 April 2021.
In order to help Barclays serve the needs of businesses and households through the extraordinary challenges presented by COVID-19, the Board decided that for 2020 the Company would not undertake any interim ordinary share dividend payments, accrual of ordinary share dividends, or share buybacks.
In addition, in response to a request from the UK Prudential Regulation Authority and to preserve additional capital for use in serving Barclays’ customers and clients, the Board agreed to cancel the 6.0p per ordinary share full year 2019 dividend that was due for payment on 3 April 2020.
The majority of Barclays shareholders have their dividends paid into their bank or building society account. It's safer, quicker and easier for your dividends to be paid directly to you.
If you lose your cheque, there may be an administration fee to pay when the dividend payment(s) are reissued to you. Please visit shareview.co.uk for more information.
If you would like to receive your dividends directly into your bank or building society account, please download a Bank Mandate Form and return to Equiniti at the address on the form.
Alternatively, if you hold 2,500 shares or fewer, you can provide your bank or building society account details quickly and easily over the telephone using Equiniti's contact details.
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 will be offering 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 2020 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.
Barclays plc (the “company”) has commenced a share buyback programme to purchase ordinary shares of 25 pence each in the Company (“ordinary shares”) for up to a maximum consideration of £500m (the “buyback”). The buyback commenced on 2 August 2021 and will end no later than 1 December 2021 (subject to regulatory approval remaining in place). The purpose of the buyback is to reduce the share capital of the company and therefore ordinary shares purchased under the buyback will be cancelled.
The company has entered into an irrevocable, non-discretionary agreement with Citigroup Global Markets Limited (“Citi”) to conduct the buyback on its behalf and carry out on-market purchases of Ordinary Shares, acting as riskless principal, and to on-sell such ordinary shares to the company.
Citi will make trading decisions in relation to the buyback independently of the company. Any purchases of Ordinary Shares under the Buy-back will be carried out on the London Stock Exchange in accordance with certain pre-set parameters set out in the agreement with Citi and 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 will be made in the United States or in respect of the Company's American Depositary Receipts.
The maximum number of Ordinary Shares that may be repurchased under the Buy-back is 1,736,530,906, being the number of Ordinary Shares the Company is authorised to repurchase under the 2021 Authority.
Transactions conducted during the share buyback program can be viewed in the following announcements:
Historic Share Buybacks
|Commencement Date||Completion Date||Buyback Amount||Shares Purchased||Average Purchase Price|
|Half Year (2021)||2 August 2021||Up to £500m|
|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)