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Investors in the London-listed company will receive a payout of 9.2 cents per share compared to a record 23.6 cents last year when the commodities sector was riding high.
The financial services group revealed operating profits increased by 8 per cent to £1.16billion in the first half of 2022, just ahead of analyst predictions of £1.12billion.
The retailer and veterinary services provider said like-for-like sales rose 6 per cent to £404.7million in the 16 weeks to July 21, with growth across both divisions.
The FTSE 100 company has posted an underlying replacement cost profit - its preferred measure - of $8.5billion (£6.9illion) for the second quarter.
The UK lender told investors it would pay an interim dividend of 9 cents per share and also aim to revert to quarterly dividends next year, despite posting falling profits.