Interim Dividend 2018 - Scrip Dividend and Currency Election
It was announced on 30 August 2018 that an interim dividend of 13.25c would be paid on 11 September 2018 to shareholders registered on 10 August 2018. As in previous years, a scrip dividend alternative will be offered.
For those shareholders or depositary interest holders who elect for the scrip dividend alternative the scrip reference share price will be announced after the election period ends, on 17 August 2018. The final date for receipt of elections by the registrars for the scrip dividend alternative is 17 August 2018.
Shareholders who have previously elected for the scrip dividend alternative and wish to continue to receive their dividend in the form of shares need take no further action. Scrip mandate forms will be posted to those shareholders who have not already elected for the scrip dividend alternative. Shareholders who have not already elected for scrip and who wish to receive future dividends in the form of shares should sign and return the Scrip Mandate form in the envelope posted. Alternatively, if you hold your shares solely in your name only, you are also be able to make or revoke your scrip election(s) over the phone, by contacting the Equiniti number provided below. Depositary Interest Holders will need to make a fresh election via the CREST system in respect of this dividend in order to receive the scrip dividend alternative. For those shareholders who previously elected to receive dividends in the form of shares and now wish to change those instructions, you should contact Equiniti on 0333 2017 5965* (+44 121 415 0269 if calling from outside the UK).
Please note that for certificated holdings held jointly or in a Corporate Name, you will not be able to amend your Dividend election(s) over the phone. In order to complete this action, you will need to follow the original process and provide Equiniti with a signed and written instruction.
As a result of the Finance Act 2016, the UK tax treatment of scrip dividends has changed and this is explained in the Scrip Circular 2016, which is available here.
Hiscox now offers the additional option to receive a cash dividend declared in US Dollars. This payment is currently only available by cheque drawn from a UK bank account, which may incur local bank charges. Shareholders who wish to receive the final dividend in US Dollars should complete and sign the Currency Election Form and return it to Equiniti in the envelope posted no later than 17 August 2018 to : Equiniti (Jersey) Limited, C/O Equiniti Limited, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA, United Kingdom. Instructions received after 17 August 2018 will only apply to future dividends.
Look up the dividends paid by Hiscox.