Dividend

Dividend policy

Targeted dividend payout ratio averages 40%–50% of the adjusted earnings per share, taking into consideration the company's investment and development needs.

Dividend 

The Board of Directors proposes to the AGM that an aggregate dividend of EUR 1.05 per share be paid based on the balance sheet adopted for the financial period ended on December 31, 2023. The Board of Directors proposes that the dividend would be paid in two instalments.

The first dividend instalment, EUR 0.53 per share, is proposed to be paid to shareholders registered in the Company’s register of shareholders maintained by Euroclear Finland Ltd on the record date for the first dividend instalment April 29, 2024. The Board of Directors proposes that the payment date for the first dividend instalment would be May 7, 2024.

The second dividend instalment, EUR 0.52 per share, is proposed to be paid to shareholders registered in the Company’s register of shareholders maintained by Euroclear Finland Ltd on the record date for the second dividend instalment October 1, 2024. The Board of Directors proposes that the payment date for the second dividend instalment would be October 8, 2024.

Dividend history

  Dividend per share, EUR Earnings per share*, EUR Payout ratio Number of shares outstanding**, million Total amount paid, MEUR
2023 1.05 2.32 45% 104.5 109.8
2022 1.00 2.49 40% 104.4 104.5
2021 0.94 2.07 45% 104.4 98.1
2020 0.92 1.95 47% 104.3 96.0
2019 0.89 1.88 47% 104.3 92.8
2018 0.84 1.70 49% 104.3 87.6
2017 0.80 1.90 42% 104.1 83.3
2016 0.73 1.83 40% 103.8 75.8
2015 0.66 1.65 40% 103.6 68.4
2014 0.60 1.28 47% 103.5 62.1
2013 0.57 1.21 47% 103.4 58.9
2012 0.56 1.19 47% 102.6 57.7
2011 0.46 0.87 53% 101.5 46.7
2010 0.44 0.92 42% 101.2 44.5
2009 0.38 0.74 51% 101.0 38.4
2008 0.34 0.35 97% 100.4 34.1

2023 dividend based on the BoD proposal
* Excluding IAC
** Excluding own shares 

Dividend monitor