The company would previously have followed that with a final payment of In a further blow to investors, BT said it will make no dividend payments for the current financial year and that when they resume in the pay outs will be worth just 7. It is the only time BT has cancelled all of its annual payments since it was privatised in and the first time it has cut a single payment since , in the aftermath of the so-called 'Dot Com' crash.
John Moore, senior investment manager at Brewin Dolphin, said: 'BT's decision to suspend its dividend for the year and rebase future dividends is another hammer blow for pension funds and income investors. Some links in this article may be affiliate links. If you click on them we may earn a small commission.
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Your account is set up to receive BT Group notifications. The table below shows the full dividend history for BT Group. Status Type Decl. Currency Forecast amount Decl. Year Amount Change BT Group Optimized Dividend Chart The chart below shows the optimized dividends for this security over a rolling month period.
Dividend Yield Today 4. A cover of 1 means all income is paid out in dividends. A comprehensive daily news service of over market and company stories from our own StockMarketWire team and the RNS. Since the Shares Awards have recognised the high quality of service and products from companies in the world of retail investment as voted for by Shares' readers. The Online Personal Wealth Awards were launched in to recognise and reward those companies who offer great service and products in the area of personal wealth.
Shares Investor Webinar Wednesday 17 November Shares Investor Webinar Wednesday 1 December About the show If you are investing for your retirement or are in retirement and are taking an income from your investments the Retirement Money We're just driving on with our agenda, which we know our shareholders really support. That reflected weaker sales and earnings in its BT Global division, which provides security, cloud and networking services to businesses around the world.
But there was one line in the results that may well have caught the eye of Rishi Sunak, the chancellor, which is that BT's effective tax rate during the most recent quarter has fallen to Simon Lowth, the chief financial officer, said this reflected that BT was now expecting a larger proportion of its capital expenditure qualifying for Mr Sunak's "super-deduction".
In the meantime, questions will be asked about BT's ability to continue delivering on the cost-cutting front, particularly with energy costs and wages rising. On the wages issue, Mr Jansen said BT would be engaging in negotiations with its unions, ahead of an award being announced in April next year. But he stressed that, with BT's employees having received no pay increases during the last two years, the company would be raising pay next year.
He also reiterated that, although many businesses are experiencing higher inflation at the moment, around two-thirds of BT's revenues are linked to inflation - protecting its profitability, to a degree, from rising costs.
That may reflect the market cottoning onto the seriousness with which BT is treating a possible bid from Mr Drahi. But just as likely is that it reflects some investors concluding that BT, which for many years has been the ultimate "jam tomorrow" stock, does finally look like coming up with the confiture.
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