Dividends

Our dividends are usually paid twice a year however, in April 2020, to protect the Group’s financial position in light of the pandemic, the Board announced that it had suspended dividend payments to shareholders. As such, no dividend was proposed for the 2023/24 financial year, nor would this have been permissible under the Group’s financing arrangements. We are very aware of the importance of an annual dividend to many of our shareholders and will look to reinstate payments when it is appropriate to do so.

¹ Please note that the above dividends are stated on a pre-consolidation basis and therefore related to Ordinary shares with a nominal value of 1 pence each. 

Additional information on dividends

For dividends paid prior to 5 April 2016, tax vouchers were issued stating the amount of tax credit paid on each dividend. With effect from 6 April 2016, the UK 10% tax credit on dividends was abolished and replaced with a £5,000 tax-free allowance and tax vouchers by dividend confirmations.

For shareholders who receive dividends direct to a bank account, an annual dividend confirmation is issued.

Further information relating to dividends is available on the 'Help' page on the Saga Shareholder website. For full details on how to sign in or register, please click here.