The interim dividend has been set at 3.85 pence per ordinary share, an increase of +20.3% year-on-year and in line with their policy of setting the interim dividend at 35% of the prior full-year dividend. The increase in this year's interim dividend therefore reflects the significant recovery in both retail and Tesco Bank adjusted operating profitability in the prior year.
The interim dividend will be paid on 25 November 2022 to shareholders who are on the register of members at close of business on 14 October 2022 (the Record Date). Shareholders may elect to reinvest their dividend in the Dividend Reinvestment Plan (DRIP). The last date for receipt of DRIP elections and revocations will be 4 November 2022.
