For the periods ended 31 March 2008 to 2011, the Group had paid a dividend equal to 50% of adjusted basic EPS which reflects the board’s desire to balance distributions to shareholders against the wider capital demands of the Group.
The final dividend for the year ended 31 March 2012 was 16.00p per share, which resulted in a full-year dividend equal to 55% of adjusted basic EPS. This was paid in cash on 20 July 2012 to shareholders on the register on 29 June 2012.
Consistent with previous practice, ICAP's interim dividend has been calculated at 30% of the prior year's full year dividend. As a result, an interim dividend of 6.60p per share (2011 - 6.00p per share) covering the six month period to 30 September 2012 was paid on 8 February 2013 to shareholders on the register at 4 January 2013. The ex-dividend date was 2 January 2013.
The interim dividend will be satisfied in cash.