In this section
Our management and board
20x20 Sustainability Plan
Annual Report 2014
Company profits are customarily returned to shareholders in part in the form of dividends. The frequency and amount per share of dividend payments are decided by the Board of Directors. J Sainsbury plc normally pays an interim dividend each December/January and a final dividend for the previous financial year in July.
Interim dividend set at 30% of previous year's total dividend.
See key dividend payment and ex-dividend dates in the financial calendar.
You can benefit from having dividends paid direct into your bank account. This means you will be credited with the dividend on the payment date and there is no chance that the cheque will be lost in the post. You will receive details of the payment via a tax voucher. Meanwhile, at Sainsbury's, we can cut down on paper and postage costs. To arrange direct payment of your dividends, please visit www.investorcentre.co.uk or, alternatively, contact our registrars on 0870 702 0106.
Shareholders who have no dividend payment arrangement will receive a cheque for each dividend payment, along with a tax voucher. Whether you receive a tax voucher for each payment, or whether you receive a consolidated annual tax voucher as above, you are advised to keep the vouchers to help you with your tax returns.
The Company operates a DRIP which allows shareholders to reinvest their cash dividends in more J Sainsbury plc shares bought in the market through a specially arranged share dealing service. No new shares are allotted under this DRIP and nearly 30,000 shareholders currently participate in it. Full details of the DRIP and its charges, together with mandate forms, are available from our registrars.
Key dates for the interim dividend are as follows:
Shares purchased through the DRIP were acquired at the following prices:
Investments made under the DRIP are in one company only and should therefore be considered as one part of a balanced portfolio. You should be aware that the price and value of any investments and the income, if any, from them, can fluctuate and may fall against your interest. You may get back less than you invest. Past performance is not a guide to future performance and if you are in any doubt about the suitability of this investment you should contact an independent authorised financial advisor.
Starting in July 2010, the Company adopted the Consolidated Tax Voucher (CTV) process in relation to future dividend payments. This means that rather than shareholders receiving a separate tax voucher for each dividend payment made they receive a CTV once a year, detailing all payments made throughout that year. The first CTV was despatched with the January 2011 dividend mailing to shareholders and contained the tax and payment information for dividends paid during the tax year 2010/2011.
Shareholders who wish to continue to receive tax vouchers as and when dividends are produced should contact our registrars, Computershare Investor Services PLC.
If you are an overseas shareholder you can choose to have your dividend paid directly into your bank account in your local currency by using our registrar's Global Payment Service. This service will mean that you receive your dividend quicker than by cheque and there is no chance that the payment will be lost in the postal system. The Global Payment Service will deduct a fee of £5.00 from your dividend to cover the cost of exchanging the amount from pounds sterling to your chosen currency and you should therefore be sure that the total amount of your dividend is appropriate before you elect for the service.
How to receive your dividend payments direct to your local bank account
For further information, to view the terms & conditions and to register to receive dividends in your local currency, please visit www.investorcentre.co.uk or download the flyer. You will need to register for the Investor Centre service and, once you have done this, you should choose Global Payments from the 'Update My Details' tab and follow the on-screen prompts. Alternatively, you can contact our registrars on +44 (0) 870 889 3229.
Biographies of our plc and operating board directors and the committees they are a member of.
Here is an overview of our financial performance. More detailed information is available in the 5 year summary and the Investor section.
© J Sainsbury plc 2014