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LONDON - British American Tobacco (NYSE:BTI) p.l.c. (LSE:BATS) has announced the exchange rate for its upcoming August 2025 dividend payment to shareholders on its South Africa branch register.
The company has set an exchange rate of £1:R24.3147, resulting in a dividend payment of 1460.34088 South African cents per ordinary share. This payment represents the second installment of the company’s interim dividend for the year ended December 31, 2024.
The August dividend of 60.06 pence per share will be paid on August 1, 2025, to shareholders registered on either the UK main register or the South Africa branch register as of June 27, 2025.
South African shareholders will be subject to a 20% Dividends Tax, equivalent to 292.06818 South African cents per share, unless they qualify for an exemption. After this tax, the net dividend will be 1168.27270 cents per share.
The company noted that the dividend is classified as a "foreign dividend" for South African tax purposes, with the United Kingdom (TADAWUL:4280) being the source of income for the payment.
As of June 13, 2025, British American Tobacco had 2,196,693,009 ordinary shares in issue, excluding 133,005,360 shares held in treasury.
This information was provided in a company press release detailing the finalization information for shareholders on the South Africa branch register.
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