Interim dividend 7.7p per share : 714.00 paid in dividends since privatisation

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The Board has declared an interim dividend of 7.7 pence per share. This means eligible full-time employees with the maximum allocation of 913 Free Shares will receive around £70 as an interim dividend payment on 10 January 2018. In total, they will have received £714 (before tax) in dividends since privatisation*.

Eligible part-time employees will receive a dividend based on their pro-rata allocation of Free Shares.

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SAYE scheme

The 2014 Save As You Earn (SAYE) scheme matures on 1 December 2017. Participating colleagues who want to receive an interim dividend on their SAYE shares should submit their instruction to ‘buy and keep’ Royal Mail shares by 24 November 2017. This will ensure they are on the share register by the dividend record date, 8 December 2017.

Important note: Companies do not have to pay dividends. Our Board decides the dividend policy for the company and how much to pay out as dividends. This will depend on many things, including our company’s performance and future investment plans. If a dividend is declared, the Board would expect to pay an interim dividend each year equal to approximately one-third of the prior year’s total dividend and to set the final dividend for each year in light of the Group’s full year performance.

* Up until 28 July 2017, eligible full-time employees with the maximum allocation of 913 Free Shares have received almost £645 (before tax) in dividends. They will each receive around £70 on 10 January 2018 if they are on the share register on 8 December 2017.

If you have any queries please contact your.news@royalmail.com