BT Group
Website:
BT Group
Index:
FTSE 100
EPIC: BT.A
Supersector:
Telecommunications
Sector:
Fixed Line Telecommunications
Subsector:
Fixed Line Telecommunications
Market Cap:
£17.99B
Payout Frequency: Semi-Annual
Next BT Group Dividend
BT Group next goes ex-dividend on 29/12/2025. This will be the Interim dividend for 2025.
The dividend per share amount is 2.4500p (GBP) and the payment date is 11/02/2026.
BT Group Dividend Analysis and Summary
Key dividend details- Declared interim dividend: 2.45 pence per share (up 2% year-on-year; H1 FY25: 2.40p).
- Policy: Progressive — maintain or grow annually; interim fixed at 30% of the prior year’s full-year dividend. (Implied FY25 full-year dividend c. 8.17p.)
- Ex-dividend date: 29/12/2025
- Record date: 30/12/2025
- Payment date: 11/02/2026
- Coverage (earnings): H1 adjusted EPS 9.30p vs interim 2.45p suggests robust interim cover (~3.8x) on a half-year basis.
- Coverage (cash): H1 normalised free cash flow (FCF) £408m comfortably covers the estimated interim cash cost (~£245m, assuming ~10bn shares), albeit FCF fell 43% year-on-year.
- Full-year cash outlook: FY26 FCF guidance of c. £1.5bn implies headroom over a likely full-year dividend outlay of c. £800–850m (using an ~8.1–8.3p base). Mid-term guidance points to FCF of ~£2.0bn in FY27 and ~£3.0bn by decade-end, supporting a gradual dividend growth trajectory.
- Operational support: EBITDA flat year-on-year at £4.1bn despite revenue pressure, underpinned by cost transformation (£247m annualised H1 savings; £1.2bn cumulative) and improving Openreach FTTP mix and ARPU.
BT Group Annual Dividend Yield - 4.41%
Dividends Used in Calculation:
| Ex-Dividend Date | Payment Date | Type | Amount | Currency |
|---|---|---|---|---|
| 24/12/2024 | 05/02/2025 | Interim | 2.40p | GBX |
| 07/08/2025 | 10/09/2025 | Final | 5.76p | GBX |
Total (Annual Dividends Per Share): 8.16p
Dividend Yield = Annual Dividends Per Share (8.16p) ÷ Share Price (184.95p) = 4.41%
BT Group Dividend History
| Ex Dividend Date | Payment Date | Type | Amount | Currency |
|---|---|---|---|---|
| 29/12/2025 | 11/02/2026 | Interim | 2.4500p | GBX |
| 07/08/2025 | 10/09/2025 | Final | 5.76p | GBX |
| 24/12/2024 | 05/02/2025 | Interim | 2.40p | GBX |
| 08/08/2024 | 11/09/2024 | Final | 5.69p | GBX |
| 28/12/2023 | 02/02/2024 | Interim | 2.31p | GBX |
| 03/08/2023 | 13/09/2023 | Final | 5.39p | GBX |
| 29/12/2022 | 06/02/2023 | Interim | 2.31p | GBX |
| 04/08/2022 | 12/09/2022 | Final | 5.39p | GBX |
| 30/12/2021 | 07/02/2022 | Interim | 2.31p | GBX |
| 24/12/2019 | 03/02/2020 | Interim | 4.62p | GBX |
| 08/08/2019 | 09/09/2019 | Final | 10.78p | GBX |
| 27/12/2018 | 04/02/2019 | Interim | 4.62p | GBX |
| 09/08/2018 | 03/09/2018 | Final | 10.55p | GBX |
| 28/12/2017 | 05/02/2018 | Interim | 4.85p | GBX |
| 10/08/2017 | 04/09/2017 | Final | 10.55p | GBX |
| 29/12/2016 | 06/02/2017 | Interim | 4.85p | GBX |
| 11/08/2016 | 05/09/2016 | Final | 9.60p | GBX |
| 24/12/2015 | 08/02/2016 | Interim | 4.40p | GBX |
| 13/08/2015 | 07/09/2015 | Final | 8.50p | GBX |
| 29/12/2014 | 09/02/2015 | Interim | 3.90p | GBX |
| 13/08/2014 | 08/09/2014 | Final | 7.50p | GBX |
| 23/12/2013 | 03/02/2014 | Interim | 3.40p | GBX |
| 07/08/2013 | 02/09/2013 | Final | 6.50p | GBX |
| 24/12/2012 | 04/02/2013 | Interim | 3.00p | GBX |
| 08/08/2012 | 03/09/2012 | Final | 5.70p | GBX |
| 28/12/2011 | 06/02/2012 | Interim | 2.60p | GBX |
| 10/08/2011 | 05/09/2011 | Final | 5.00p | GBX |
| 29/12/2010 | 07/02/2011 | Interim | 2.40p | GBX |
| 11/08/2010 | 06/09/2010 | Final | 4.60p | GBX |
| 23/12/2009 | 08/02/2010 | Interim | 2.30p | GBX |
| 12/08/2009 | 07/09/2009 | Final | 1.10p | GBX |
| 24/12/2008 | 09/02/2009 | Interim | 5.40p | GBX |
| 20/08/2008 | 15/09/2008 | Final | 10.40p | GBX |
| 24/12/2007 | 11/02/2008 | Interim | 5.40p | GBX |
| 22/08/2007 | 17/09/2007 | Final | 10.00p | GBX |
| 27/12/2006 | 12/02/2007 | Interim | 5.10p | GBX |
| 16/08/2006 | 11/09/2006 | Final | 7.60p | GBX |
| 28/12/2005 | 13/02/2006 | Interim | 4.30p | GBX |
| 03/08/2005 | 05/09/2005 | Final | 6.50p | GBX |
| 29/12/2004 | 07/02/2005 | Interim | 3.90p | GBX |
| 06/08/2004 | 06/09/2004 | Final | 5.30p | GBX |
| 30/12/2003 | 09/02/2004 | Interim | 3.20p | GBX |
| 08/08/2003 | 08/09/2003 | Final | 4.25p | GBX |
| 31/12/2002 | 10/02/2003 | Interim | 2.25p | GBX |
| 09/08/2002 | 09/09/2002 | Final | 2.00p | GBX |
| Year | Interim | Final | Currency | Total | Change |
|---|---|---|---|---|---|
| 2024 | 2.400 | 5.690 | GBX | 8.090 | 5.060 |
| 2023 | 2.310 | 5.390 | GBX | 7.700 | 0.000 |
| 2022 | 2.310 | 5.390 | GBX | 7.700 | 233.330 |
| 2021 | 2.310 | GBX | 2.310 | -85.000 | |
| 2019 | 4.620 | 10.780 | GBX | 15.400 | 1.510 |
| 2018 | 4.620 | 10.550 | GBX | 15.170 | -1.490 |
| 2017 | 4.850 | 10.550 | GBX | 15.400 | 6.570 |
| 2016 | 4.850 | 9.600 | GBX | 14.450 | 12.010 |
| 2015 | 4.400 | 8.500 | GBX | 12.900 | 13.150 |
| 2014 | 3.900 | 7.500 | GBX | 11.400 | 15.150 |
| 2013 | 3.400 | 6.500 | GBX | 9.900 | 13.790 |
| 2012 | 3.000 | 5.700 | GBX | 8.700 | 14.470 |
| 2011 | 2.600 | 5.000 | GBX | 7.600 | 8.570 |
| 2010 | 2.400 | 4.600 | GBX | 7.000 | 105.880 |
| 2009 | 2.300 | 1.100 | GBX | 3.400 | -78.480 |
| 2008 | 5.400 | 10.400 | GBX | 15.800 | 2.590 |
| 2007 | 5.400 | 10.000 | GBX | 15.400 | 21.250 |
| 2006 | 5.100 | 7.600 | GBX | 12.700 | 17.590 |
| 2005 | 4.300 | 6.500 | GBX | 10.800 | 17.390 |
| 2004 | 3.900 | 5.300 | GBX | 9.200 | 23.480 |
| 2003 | 3.200 | 4.250 | GBX | 7.450 | 75.290 |
| 2002 | 2.250 | 2.000 | GBX | 4.250 |
BT Group Dividend Calculator
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|---|---|---|
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BT Group Dividend Growth
| Dividend Growth (1Y) | 1.48% |
|---|---|
| Dividend CAGR (5Y) | 28.87% |
| Years of Growth | 1 |
| Payout Ratio | 84% |
| Buyback Yield | -0.45% |
| Shareholder Yield | 4.08% |
| P/E Ratio (TTM) | 18.82 |
|---|---|
| Forward P/E | 10.06 |
| P/FCF | 10.51 |
| Earnings Yield | 5.38% |
| FCF Yield | 9.51% |
| ROE | 7.56% |
| ROCE | 7.49% |
| Profit Margin | 4.74% |
| Operating Margin | 15.33% |
| Gross Margin | 46.94% |