(updated on Nov 19, 2020)
Kemira’s dividend policy aims at paying a competitive and over time increasing dividend.
Kemira’s Annual General has been held on Tuesday, May 5, 2020 at Kämp Symposion. Annual General Meeting decided to authorize the Board of Directors to decide, in its discretion, upon the payment of a dividend in the maximum amount of EUR 0.56 per share.
Board of Directors of Kemira Oyj has decided, on the basis of the authorization by the Annual General Meeting 2020, on the payment of the first and second installment of the dividend of EUR 0.28 per share. The payment dates were: May 14, 2020 and November 5, 2020.
Information regarding withholding tax
Information for nominee registered non-resident shareholders:
According to a new guidance given by the Finnish Tax Administration (“FTA”) in March 2020, stricter conditions will be applied to withholding tax rates below 15 % on dividends paid to nominee registered non-resident shareholders. If the withholding tax levied on the dividend has been less than 15 % in the past years based on the applicable double taxation treaty, it is likely that no similar double taxation treaty benefits at source will be received starting 2020 due to the new FTA guidance.
If a nominee registered non-resident shareholder is eligible for a lower withholding tax rate based on a double taxation treaty but a higher withholding tax is levied on the dividend, the shareholder can either apply for a so called quick refund from the custodian bank during the year of the dividend payment or apply for a withholding tax refund from FTA on a year following the dividend payment.
Kemira has paid dividend since its listing (1994).
|||Dividend per share, EUR*||Total, EUR million||Dividend payout ratio, % 1)||Dividend yield, % 2)|
|Tikkurila in 2010*||||599|||||
|GrowHow in 2003**||||161|||||
|Companies as dividends in total||||760|||||
|Dividends in total||||1,739|||||
* In 2010, Tikkurila shares were distributed as a dividend to a total amount of EUR 599.3 million (EUR 3.95 per shares).
** In 2003, GrowHow shares were distributed as a dividend to a total amount of EUR 161 million (EUR 1.34 per shares).
***Dividend has been paid in two installments of EUR 0.28 on May 14, 2020 and November 5, 2020.
1) Dividend / Earnings per Share or Operative Earnings per Share if available
2) Dividend yield calculated using the share price at the end of respective year
Kemira went over to IFRS reporting as of 1 January 2004.