Dividends

If you have a question which is not answered by the information in these FAQs or elsewhere on our website, please contact IRTeam@3i.com or call +44 (0)20 7975 3131.

What are dividends and when do I receive them?

These are payments a company pays to you as a shareholder. They are usually paid in two instalments each year, known as interim and final dividends. To receive a dividend, your name must be on the share register on the record date (see question below). If your shares are sold before the ex-dividend date (see next question), or purchased after it, you will not be entitled to that dividend.

What does ex-dividend mean?

Before announcing each dividend, and in consultation with the London Stock Exchange, we set a date on which our shares will be sold without entitlement to the dividend. This is known as going ex-dividend. Before that date they are said to be cum-dividend. If you buy a share cum-dividend you are entitled to receive the dividend recently announced. If you purchase on or after that date, in the ex-dividend period, that dividend is paid to the previous owner. The dividend is paid to shareholders based on the number of shares held at the record date. The record date is currently two days after the ex-dividend date. If you receive a dividend having recently sold your shares and are unsure whether you are entitled to it, contact the agent who acted for you in the sale. You may find, unfortunately, that the dividend should be paid to the new owner. Before announcing each dividend, and in consultation with the London Stock Exchange, we set a date on which our shares will be sold without entitlement to the dividend. This is known as going ex-dividend. Before that date they are said to be cum-dividend. If you buy a share cum-dividend you are entitled to receive the dividend recently announced. If you purchase on or after that date, in the ex-dividend period, that dividend is paid to the previous owner. The dividend is paid to shareholders based on the number of shares held at the record date. The record date is currently two days after the ex-dividend date. If you receive a dividend having recently sold your shares and are unsure whether you are entitled to it, contact the agent who acted for you in the sale. You may find, unfortunately, that the dividend should be paid to the new owner.

How can I obtain my dividends?

You can have them paid directly into your bank or building society, or you can receive a cheque through the post. If you would like your dividend paid directly into your bank or building society account, please contact the Registrars. This method of payment will save you from having to pay in your cheque and will also give you access to the money on the payment date of the dividend.

When a dividend is paid, you will receive a tax voucher. This provides details about the payment and how the amount you have paid has been calculated. Your tax voucher will be sent in the post before the payment date, if you have chosen to have your payment paid directly into your bank or building society. For the purpose of self-assessment, the Inland Revenue requires you to keep all documentation, including these tax vouchers, for six years.

What should I do if I lose my dividends cheque or tax voucher?

You should contact the Registrars as soon as possible to tell them which payment or voucher has been lost. For cheques, they will arrange for the old cheque to be stopped and issue you with a duplicate free of charge (as long as it is under £50 in value). If you need a replacement tax voucher, the registrar will send you a duplicate, but you may be charged for this.

What should I do if I've found an out of date dividends cheque?

If you return the cheque to the Registrar, and it is found to be outstanding, a duplicate will be issued . However, there may be a fee for this. To make sure that this doesn’t happen again, you could arrange for the dividend to be paid directly into your bank or building society account by completing a dividend payment form. If you return the cheque to the registrar, and it is found to be outstanding, a duplicate will be issued that you will be able to deposit at your bank or building society. However, there may be a fee for this. To make sure that this doesn’t happen again, you could arrange for the dividend to be paid directly into your bank or building society account by completing a dividend payment form.

Does 3i have a dividend reinvestment plan?
What happens if I haven't returned my dividend reinvestment form?

Your dividends will continue to be paid to you as before.

What dividends have been paid to shareholders since 3i became a public company?

Please see our Dividend page for details on the full dividend history payments.