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 in 2022

The Annual General Meeting held on April 27, 2022 resolved that an aggregate dividend of EUR 0.94 per share be paid based on the balance sheet adopted for the financial period ended on December 31, 2021. The dividend will be paid in two instalments. The first dividend instalment, EUR 0.47 per share, will 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, 2022. The payment date for the first dividend instalment will be on May 6, 2022. The second dividend instalment, EUR 0.47 per share, will 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 3, 2022. The payment date for the second dividend instalment will be on October 10, 2022.

In addition, the Annual General Meeting authorized 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 so require.

 

Dividend history

  2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Dividend per share, EUR 0.94 0.92 0.89 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 2.07 1.95 1.88 1.70 1.90 1.83 1.65 1.28 1.21 1.19 0.87 0.92 0.74 0.35
Payout ratio 45% 47% 47% 49% 42% 40% 40% 47% 47% 47% 53% 42% 51% 97%
Number of shares outstanding**, million 104.3 104.3 104.3 104.3 104.1 103.8 103.6 103.5 103.4 102.6 101.5 101.2 101.0 100.4
Total amount paid, MEUR 98.0 96.0 92.8 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 

Dividend monitor