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Huhtamaki share is quoted on Nasdaq Helsinki Ltd on the Nordic Large Cap list under the Industrials sector and it is a component of the Nasdaq Helsinki 25 Index. At the end of December 2020, the Company’s market capitalization was EUR 4,410 million excluding the Company’s own shares.

At the end of December 2020, Huhtamäki Oyj’s registered share capital was 366,385,309 EUR corresponding to a total number of shares of 107,760,385, including 3,410,709 company’s own shares. 

Share history add_circle_outline

Share issues from January 1, 1979

2002 bonus issue

  • Extraordinary shareholders meeting made a resolution to increase the share capital by a bonus issue of EUR 258,115,596.60 on August 26, 2002
  • One (1) old share entitled to three (3) new shares
  • A total of 75,916,344 new shares were issued

1999 directed issue

  • Subscription period October 7, 1999
  • As a deviation from the pre-emptive subscription right of the shareholders, 1,598,217 I-series shares were directed to Stichting Van Leer Group Foundation
  • Subscription price EUR 34.13
  • Share capital increase registered on October 8, 1999
  • Combination of K- and I- share series registered on October 8, 1999

1993 directed issue

  • Subscription period October 28 – December 1, 1993
  • As a deviation from the pre-emptive subscription right of the shareholders, 1,800,000 free I-series shares were directed to Finnish and international investors
  • Subscription price FIM 187 (EUR 31.45) per share

1990 directed issue

  • Subscription period June 12 – 15, 1990
  • As a deviation from the pre-emptive subscription right of the shareholders, 4,000,000 free I-series shares were directed to Finnish and international investors
  • Subscription price FIM 97.50 (EUR 16.40) per share

1988 share issue

  • Subscription period April 5 – May 6, 1988
  • Bonus issue, coupon n:o 13, 10:1 K- and I-series
  • New issue, coupon n:o 14, 5:1 K-series à FIM 90 (EUR 15.14)
  • New issue, coupon n:o 14, 5:1 I-series à FIM 50 (EUR 8.41)

1987 tender issue of free I-series shares

  • Subscription period October 19 – 23, 1987
  • Minimum offer 25 shares à FIM 120 (EUR 20.18)

1987 directed issue for the shareholders of Oy Rohto Ab and Oy Star Ab

  • Subscription period June 15– August 7, 1987
  • Medica 1:8 Huhtamaki bound I-series
  • Star bound 1:1 Huhtamaki free I-series
  • Star free 1:1 Huhtamaki free I-series

1986 share issue and change of share certificates

  • Subscription period August 7 – September 13, 1986
  • Bonus issue, coupon n:o 11, 10:1 K- and I-series
  • New issue, coupon n:o 12, 4:1 à FIM 40 (EUR 6.73)

1985 directed issue for the shareholders of Medica-yhtymä Oy

  • Subscription period May 2 – June 20, 1985
  • Medica bound A-series share 5:4 Huhtamaki bound I-series
  • Medica free A-series share 5:4 Huhtamaki free I-series share
  • Medica K-series share 1:3 Huhtamaki bound I-series

1983 share issue

  • Subscription period September 12 – November 11, 1983
  • Bonus issue, coupon n:o 9, 5:1 K-series
  • New issue, coupon n:o 10, 5:2 I-series à FIM 26 (EUR 4.37)
  • Issue for personnel maximum of 100 I-series shares per person à FIM 30 (EUR 5.05)
  • First issue of I-series shares

1981 share issue and change of share certificates

  • Subscription period September 7 – November 13, 1981
  • Bonus issue, coupon n:o 7, 5:1
  • New issue, coupon n:o 8, 5:1 à FIM 20 (EUR 3.36)
  • Issue for personnel 50 shares per person à FIM 25 (EUR 4.20)
  • All Huhtamaki shares, K-series

1979 share issue

  • Subscription period September 3 – November 16, 1979
  • Bonus issue, coupon n:o 5, 3:1
  • New issue, coupon n:o 6, 3:1 à FIM 25 (EUR 4.20)
  • Issue for personnel max 50 shares per person à FIM 30 (EUR 5.05)
  • All Huhtamaki shares, K-series
Dividend history add_circle_outline

Dividend policy

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

Dividend in 2021

The Board of Directors proposes to the AGM that an aggregate dividend of EUR 0.92 per share be paid based on the balance sheet adopted for the financial period ended on December 31, 2020. The Board of Directors proposes that the dividend would be paid in two instalments.

The first dividend instalment, EUR 0.46 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 26, 2021. The Board of Directors proposes that the payment date for the first dividend instalment would be May 3, 2021.

The second dividend instalment, EUR 0.46 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, 2021. The Board of Directors proposes that the payment date for the second dividend instalment would be October 8, 2021.

The Board of Directors proposes that the AGM would authorize the Board of Directors to decide, if necessary, on a new record date and a new payment date for the second dividend instalment if regulations applicable to the Finnish book-entry system change or otherwise require.

Dividend in 2020

Based on the authorization of the Annual General Meeting of Shareholders, the Board of Directors of Huhtamäki Oyj decided that a dividend of EUR 0.89 per share was paid from the distributable funds of the Company. The dividend was paid to a shareholder who on the dividend record date September 18, 2020 is registered as a shareholder in the Company’s shareholders’ register held by Euroclear Finland Ltd. The dividend was paid on September 25, 2020.

Huhtamäki Oyj’s Annual General Meeting of Shareholders held on April 29, 2020 authorized the Board of Directors to decide at a later stage and in its discretion on the distribution of dividend in one or several instalments of a total maximum of EUR 0.89 per share.

 

Dividend history

  2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Dividend per share, EUR 0.84 0.80 0.73 0.66 0.60 0.57 0.56 0.46 0.44 0.38 0.34
Earnings per share*, EUR 1.70 1.90 1.83 1.65 1.28 1.21 1.19 0.87 0.92 0.74 0.35
Payout ratio 49% 42% 40% 40% 47% 47% 47% 53% 42% 51% 97%
Number of shares outstanding**, million 104.3 104.1 103.8 103.6 103.5 103.4 102.6 101.5 101.2 101.0 100.4
Total amount paid, MEUR 87.6 83.3 75.8 68.4 62.1 58.9 57.7 46.7 44.5 38.4 34.1

* Excluding IAC
** Excluding own shares