Dividend
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