18 November 2019
myroyalmail is updated daily

Dividends

Share in success prelims

To date, eligible full-time employees with the maximum allocation of 913 Free Shares have received around £1,091 (before tax) in dividends since privatisation. 

Rebasing the dividend and changing our policy 

We announced in our 2018-19 full year results on 22 May 2019 that we have decided to rebase the dividend and change the dividend policy. From 2019-20, our policy is for a full year dividend underpin of 15 pence per share, which may be supplemented by additional payouts in years with substantial excess cashflow. We appreciate the support of our shareholders, including our people. We very much understand the importance of the dividend to all our shareholders. Our decision is not one we have taken lightly. We have sought to find the appropriate balance between investing in the future sustainability of our business, and shareholder returns.

Your Royal Mail shareholding

You can view details of any Royal Mail shares you hold, and dividend payments, by logging into your Employee Shares Account at www.royalmailemployeeshares.co.uk.

If you haven’t registered for your account yet, simply visit www.royalmailemployeeshares.co.uk and follow the online instructions.

Dividend payments to date

  • Final dividend 2018-19. Shareholders approved a final dividend of 17 pence per share. Eligible employees with the maximum allocation of 913 Free Shares received a dividend of £155.21 (before tax) on 4 September 2019
  • Interim dividend 2018-19. The Board declared an interim dividend of 8 pence per share. Eligible employees with the maximum allocation of 913 Free Shares received a dividend of £73.04 (before tax) on 16 January 2019
  • Final dividend 2017-18. Shareholders approved a final dividend of 16.3 pence per share. Eligible employees with the maximum allocation of 913 Free Shares received a dividend of £148.80 (before tax) on 31 August 2018
  • Interim dividend 2017-18. The Board declared an interim dividend of 7.7 pence per share. Eligible employees with the maximum allocation of 913 Free Shares received a dividend of £70.30 (before tax) on 10 January 2018
  • Final dividend 2016-17. Shareholders approved a final dividend of 15.6 pence per share. Eligible employees with the maximum allocation of 913 Free Shares received a dividend of £142.43 (before tax) on 28 July 2017
  • Interim dividend 2016-17. The Board declared an interim dividend of 7.4 pence per share. Eligible employees with the maximum allocation of 913 Free Shares received a dividend of £67.56 (before tax) on 11 January 2017
  • Final dividend 2015-16. Shareholders approved a final dividend of 15.1 pence per share. Eligible employees with the maximum allocation of 832 Free Shares received a dividend of £125.63 (before tax) on 29 July 2016
  • Interim dividend 2015-16. The Board declared an interim dividend of 7.0 pence per share. Eligible full-time employees with 832 Free Shares received a dividend of £58.24 (before tax) on 13 January 2016
  • Final dividend 2014-15. Eligible full-time employees with the maximum 729 Free Shares received a dividend of £104.25 (before tax) on 31 July 2015
  • Interim dividend. Eligible full-time employees who received 729 Free Shares were paid a dividend of £48.84 (before tax) on 14 January 2015
  • Final dividend 2013-14. Eligible full-time employees who received 729 Free Shares were paid a dividend of £96.96 (before tax) on 31 July 2014.

Eligible part-time employees have also received dividend payments on these dates based on their pro-rata allocation of Free Shares.

Eligible full-time employees who only received the SIP 2015 and/or 2016 allocation have received dividend payments based on their number of Free Shares.

Dividend Reinvestment Plan (DRIP) 

If you bought Royal Mail shares in your own right, you may have chosen to participate in the DRIP. For more information on the DRIP, click here.   

Dividend Allowance

In April 2016, the Government introduced a new Dividend Allowance specifying that you do not have to pay tax on any income you receive from dividends up to £5,000 a year. This figure was reduced to £2,000 as of April 2018. For any dividend income you receive over that figure, the following rates apply:

  • 7.5% on dividend income for basic rate taxpayers
  • 32.5% on dividend income for higher rate taxpayers
  • 38.1% on dividend income for additional rate taxpayers

If you only receive dividend income from Royal Mail Free Shares you hold, you won’t have to pay any tax on any dividends you may receive on these shares. For more information, visit the Government’s website

Please note the rules are different for dividends received before 6 April 2016.

More information

For more information about contacting HMRC, visit the HMRC website