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LONDON - Property company Hammerson plc (LSE:HMSO) has declared an interim dividend of 7.94 pence per ordinary share for the period ending December 31, 2025, according to a press release issued Wednesday.
The dividend will be treated as a Property Income Distribution (PID) and will be subject to a 20% UK withholding tax unless exemptions apply. It is payable on October 16, 2025, to shareholders registered on both the UK principal register and South African branch register as of September 5, 2025.
For South African shareholders, the dividend will be paid in rand at an exchange rate of ZAR 23.7988 to GBP 1, equivalent to 188.96247 cents before withholding tax. South African shareholders may apply to HMRC for a refund of 5% of the tax withheld under the UK/South African Double Tax Treaty.
While no scrip dividend alternative is being offered, shareholders who wish to receive their dividend in the form of shares can utilize the Dividend Reinvestment Plan (DRIP). The DRIP purchases settlement date is October 20, 2025, in the UK and October 30, 2025, in South Africa.
The company noted that for South African income and dividend tax purposes, the interim dividend should be regarded as a "foreign dividend" and the funds will be paid from the United Kingdom.
Hammerson stated that partial elections are not permitted under the DRIP, and for South African shareholders, any fractional entitlements will be rounded down with residual amounts paid in cash.
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