Nokian Tyres’ target is to deliver good returns to its shareholders and pay a dividend of at least 50% of its net earnings.
Dividend for the year 2019
Nokian Tyres’ Annual General Meeting 2020 decided on the payment of a dividend of EUR 0.79 per share for the financial year 2019. The dividend was paid on April 17, 2020. The AGM also decided to authorize the Board of Directors to decide on a dividend payment of a maximum of EUR 0.79 per share to be distributed in one or several instalments at a later stage when Nokian Tyres is able to make a more reliable estimate on the impacts of the COVID-19 to the Company’s business.
In its meeting on 27 October 2020, Nokian Tyres' Board of Directors decided on the payment of the second dividend instalment, based on the authorization given by the AGM. The second instalment of EUR 0.35 per share will be paid to shareholders included in the shareholder list maintained by Euroclear Finland Ltd on the record date of October 29, 2020. The dividend payment date is December 9, 2020.
Based on the resolution of the AGM and the decision by the Board of Directors, the total amount of dividends paid by Nokian Tyres for the financial year 2019 is EUR 1.14 per share.
|Dividend per share, eur||1.14||1.58||1.56||1.53||1.50|
|Dividend pay out ratio, %||40%||74%||97%||83%||84%|