RBS 2010 Annual Report Download - page 431

Dividend history
Preference and other non-equity dividends
2010 2010 2009 2008 2007 2006
Amount per share $£ £ £ £ £
Non-cumulative preference shares of US$0.01
-Series D (redeemed March 2006) (1) ——
— — — 0.21
- Series E (redeemed January 2007) (1) ——
— — 0.04 1.10
- Series F (1) 1.91 1.06 1.22 1.04 0.96 1.03
- Series G (redeemed January 2007) (1) — — — — 0.04 1.00
- Series H (1) 1.81 1.03 1.15 0.99 0.91 0.98
- Series I (redeemed March 2006) (1) ——
— — — 0.20
- Series K (redeemed January 2007) (1) ——
— — 0.04 1.06
- Series L (1) 1.44 0.86 0.92 0.78 0.72 0.78
- Series M (2) 0.40 0.26 1.02 0.89 0.80 0.87
- Series N (2) 0.40 0.26 1.01 0.88 0.79 0.86
- Series P (2) 0.39 0.25 0.99 0.87 0.78 0.85
- Series Q (2) 0.42 0.27 1.07 0.94 0.84 0.53
- Series R (2) 0.38 0.25 0.97 0.85 0.77 —
- Series S (2) 0.41 0.27 1.05 0.92 0.41 —
- Series T (2) 0.45 0.29 1.15 1.01 0.23 —
- Series U (2) 3,820 2,474 5,019 3,935 — —
Non-cumulative convertible preference shares of US$0.01
- Series 1 (1) 91.18 34.93 60.33 49.66 45.58 50.26
Non-cumulative preference shares of €0.01
- Series 1 (2) ——
49.46 46.53 39.63 37.18
- Series 2 (2) ——
46.00 41.79 35.52 36.22
- Series 3 (2) ——
3,125 2,782 — —
Non-cumulative convertible preference shares of £0.01
- Series 1 (1) 114.68 73.87 73.87 73.87 73.87 73.87
Non-cumulative preference shares of £1
- Series 1 (2) ——
81.62 80.73 — —
- Series 2 (redeemed April 2009) (2) ——
54.71 — — —
Notes:
(1) Classified as subordinated liabilities.
(2) Classified as equity.
The Group has undertaken that, unless otherwise agreed with the
European Commission, neither the company nor any of its direct or
indirect subsidiaries (other than companies in the RBS Holdings N.V.
group, which are subject to different restrictions) will pay external
investors any dividends or coupons on existing hybrid capital instruments
(including preference shares, B shares and upper and lower tier 2
instruments) from 30 April 2010 for a period of two years thereafter ("the
Deferral period"), or exercise any call rights in relation to these capital
instruments between 24 November 2009 and the end of the deferral
period, unless there is a legal obligation to do so. Hybrid capital
instruments issued after 24 November 2009 will generally not be subject
to the restriction on dividend or coupon payments or call options.
For further information, see Note 7 on the accounts.
Ordinary dividends
Ordinary dividends per share in the table below were restated for the effect of the rights issue in June 2008 and the capitalisation issue in September
2008.
Amount per ordinary share and American Depository Share (1) 2010
pence
2009
pence
2008
pence
2007
pence
2006
pence
Interim (2) —— — 8.5 6.8
Final (3) —— — 19.3 18.5
Total dividends on equity shares —— — 27.8 25.3
Notes:
(1) Each American Depository Share represents 20 ordinary shares. As discussed under Trading market, the American Depository Shares were issued in October 2007 and consequently did not receive
any of the above dividends prior to the final dividend in respect of 2007.
(2) In 2008, the company issued new ordinary shares by way of a capitalisation issue rather than paying an interim dividend.
(3) Final dividends for each year were proposed in the indicated year and paid in the following year.
For further information, see Note 8 on the accounts.
429RBS Group 2010
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