Dividend policy
In light of the current financial position of the company, the Board decided on 13 February 2025 to cancel the dividend policy announced on 19 June 2023, and proposes a dividend payout of 0.20 euros per share for the year 2024 to the Annual General Meeting. Going forward, the company seeks to maximize operating cash flow in order to strengthen the balance sheet with the potential to review the dividend in the future.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
Dividend per share*, € | 0.20 | 1.20 | 1.52 | 0.82 | 0.80 | 1.02 | 0.76 | 0.57 | 0.43 | 0.33 |
Ordinary dividend, € | 1.02 | 0.92 | ||||||||
Extraordinary dividend, € | 0.5 | 0.1 | ||||||||
Dividend yield, %** | 1.6 | 3.7 | 3.5 | 1.9 | 1.4 | 3.3 | 3.4 | 3.2 | 3.6 | 3.6 |
Payout ratio % of comparable EPS | 117.6 | 41.6 | 50 | 53 | 50 | 50 | 51 | 51 | 42 | 35 |
* Dividend per share information split corrected
** Dividend yield calculated by using closing share price of the last trading day of the year
Information for Nominee Registered Non-Finnish-Resident Shareholders
Information for Nominee Registered Non-Finnish-Resident Shareholders:
According to the guidance given by the Finnish Tax Administration ("FTA"), stricter conditions are applied to withholding tax rates on dividends paid to nominee registered non-resident shareholders.
If you are eligible for a lower withholding tax rate than 35% based on a double taxation treaty and a higher withholding tax is levied on your dividend, you can either apply for a so called quick refund from your custodian bank during the year of the dividend payment or you can apply for a withholding tax refund from FTA on a year following the dividend payment.
Link to new FTA guidance on nominee registered shareholders' withholding taxation:
Link to FTA guidance and forms on withholding tax refunds (individuals):
Share this