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.
Half year dividend for the period ended 30 June 2022
The half year dividend for the period ended 30 June 2022 of 2.25p per ordinary share was paid on Friday 16 September 2022 to shareholders holding shares on the register on Friday 12 August 2022.
For qualifying US and Canadian-resident American Depositary Receipt (ADR) holders, the full year dividend of 2.25p per ordinary share became 9p per ADS (American Depositary Security - representing four shares). The ADR depositary posted the dividend on Friday 16 September 2022 to ADR holders on record on Friday 12 August 2022.
As outlined in its half year results announcement on 28 July 2022, Barclays confirmed its intention to initiate a buy-back programme of up to £500m. The buyback programme commenced on 17 August 2022.
Previous capital returns
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 2022.
For qualifying US and Canadian-resident ADR holders, the full year dividend of 4.0p per ordinary share became 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.
The £1bn share buyback programme previously announced by Barclays in its 2021 full year results announcement on 23 February 2022 was completed on 16 August 2022.
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 2022 half 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 2021 half 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 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 undertook 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.
No repurchases were made in the United States or in respect of the Company's American Depositary Receipts.
As outlined in its announcement on 23 February 2022, Barclays announced the commencement of a share buyback programme for up to a maximum consideration of £1bn. The buyback commenced on 24 May 2022 and will end no later than 30 September 2022. On 28 July 2022, Barclays announced that it intends to initiate a further buyback of up to £500m.
Historic Share Buybacks
|Announcement||Commencement Date||Completion Date||Buyback Amount||Shares Purchased||Average Purchase Price|
|Half Year (2022)||17 August 2022||3 October 2022||£500m||306,326,717||£1.632|
|Full Year (2021)||24 May 2022||16 August 2022||£1bn||625,019,884||£1.599|
|Half Year (2021)||2 August 2021||30 November 2021||£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
|Full year (2022)||3/03/2022||4/03/2022||5/04/2022||4.0p||N/A Drip|
|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)