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Dividends
 12 Months Ended
Dec. 31, 2023
Dividends  
Dividends

D. Other

D1. Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the Consolidated Financial Statements in the period in which the dividends are approved by the Company’s shareholders. Interim dividends are recognised when paid.

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2023

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2022

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2021

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£m

 

£m

 

£m

2020 final dividend paid – 5.41p per share

 

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—

 

100

2021 interim dividend paid – 2.09p per share

 

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—

 

39

2021 final dividend paid – 4.30p per share

 

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80

 

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2022 interim dividend paid – 2.40p per share

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42

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2022 final dividend paid – 5.15p per share

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131

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2023 interim dividend paid – 2.75p per share

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70

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201

 

122

 

139

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An interim dividend of 2.75p per share was paid on 11 September 2023 amounting to £70m. A final dividend in respect of 2023 of 5.93p per share is to be proposed at the Annual General Meeting on 8 May 2024.

The aggregate amount of the proposed dividend to be paid out of retained earnings at 31 December 2023, but not recognised as a liability at year end, is £150m (2022: £130m; 2021: £80m).