A person drawing stairs to a concrete wall.
2/19/2024

Dividend

Dividend policy

Kemira’s dividend policy aims at paying a competitive and over time increasing dividend.

Dividend payment

The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.68 per share be paid based on the adopted balance sheet for the financial year which ended on December 31, 2023.

The dividend will be paid in two installments. The first installment of EUR 0.34 per share will be paid to a shareholder who is registered in the company’s shareholder register maintained by Euroclear Finland Ltd on the record date for the dividend payment, March 22, 2024. The Board of Directors proposes that the first installment of the dividend be paid out on April 4, 2024.

Read more on the Notice to the Annual General Meeting published on February 9, 2024

 

The BoD’s proposal for the dividend to the Annual General Meeting 2024 a dividend of EUR 0.68 per.

Information regarding withholding tax

Information for nominee registered non-resident shareholders:

According to a guidance given by the Finnish Tax Administration (“FTA”), stricter conditions are applied to withholding tax rates on dividends paid to nominee registered non-resident shareholders.

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.

Link to new FTA guidance on nominee registered shareholders’ withholding taxation

Link to FTA guidance and forms on withholding tax refunds (individuals)

History

Kemira has paid dividend since its listing (1994).

Dividend per share, EUR* Total, EUR million Dividend payout ratio, % 1) Dividend yield, % 2)
2023 0.68*** 104.5*** 53 4.1
2022 0.62 95 41 4.3
2021 0.58 89 83 4.4
2020 0.58 89 67 4.5
2019 0.56 85 79 4.2
2018 0.53 81 91 5.4
2017 0.53 81  102 4.6
2016 0.53 81 88 4.4
2015 0.53 81 84 4.9
2014 0.53 81 84 5.4
2013 0.53 81 76 4.4
2012 0.53 81 69 4.5
2011 0.53 81 59 5.8
2010 0.48** 73 61 4.1
2009 0.27 41 37 2.6
2008 0.25 30 86 4.2
2007 0.50 61 95 3.5
2006 0.48 58 50 2.8
2005 0.36 44 49 2.7
2004 0.34 41 53 3.4
2003 0.33* 39 52 3.6
2002 0.30 36 49 4.6
2001 0.30 36 52 4.5
2000 0.30 37 18 5.6
Cash dividends
in total
1,606.5
Tikkurila in 2010** 599
GrowHow in 2003* 161
Companies as dividends in total 760
Dividends in total 2,366.5

* In 2003, GrowHow shares were distributed as a dividend to a total amount of EUR 161 million (EUR 1.34 per shares).

** In 2010, Tikkurila shares were distributed as a dividend to a total amount of EUR 599.3 million (EUR 3.95 per shares).

*** BoD proposal to the Annual General Meeting 2024. Dividend paid in two installments of EUR 0.34 on April and in November.

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.