Dividend
Dividend policy
Kemira's dividend policy is to distribute a dividend that accounts for 40 – 60% of its operative net income. Operative net income means net profit for the period excluding non-recurring items and adjusted for tax effects.
Dividend payment
The Annual General Meeting of Kemira Oyj approved on March 22, 2011 the Board proposal of a EUR 0.48 dividend per share for the financial year 2010. The per-share dividend of 0.48 EUR will be paid to a shareholder who is registered in the Company's Shareholder Register maintained by Euroclear Finland Ltd on the dividend record date, March 25, 2011. The dividend will be paid out on April 1, 2011.
History
|
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
2003 |
Dividend per share,
EUR 1) 2) |
0.48 |
0.27 |
0.25 |
0.50 |
0.48 |
0.36 |
0.34 |
1.67 |
Dividend payout ratio,
% 1) 2) |
61* |
37* |
86* |
95 |
53 |
49 |
53 |
52 |
Dividend yield, % 1) |
4.1 |
2.6 |
4.2 |
3.5 |
2.8 |
2.7 |
3.4 |
18.0 |
1) Number of shares outstanding, adjusted by the number of shares bought back.
2) The total cash dividend payout during 2004 for the 2003 financial year was EUR 39 million ( EUR 0.33 per share), in addition to which GrowHow shares were distributed as a dividend to a total amount of EUR 161 million ( EUR 1.34 per shares). The dividend payout has been calculated according to a dividend of EUR 0.33.
* Operative net profit
Kemira went over to IFRS reporting as from 1 January 2004. All the comparative information for 2003 is in accordance with IFRS.
Dividends paid to shareholders who are non-residents of Finland generally will be subject to Finnish withholding tax currently at a rate of 28 percent, a rate which may be reduced pursuant to an applicable tax treaty to which Finland is a party.