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
The Annual General Meeting 2020 decided that a dividend of EUR 0.79 per share be paid for the financial year 2019.
- Record date for dividend: April 6, 2020
- Payment date: April 17, 2020
The AGM also authorized the Board of Directors to decide on 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.
The Board’s authorization will remain valid until the General Meeting of 2021. The company will publish the possible Board decision on dividend payment separately, and at the same time confirm the pertinent record and payment dates.
|Dividend per share, eur||1.58*||1.58||1.56||1.53||1.50||1.45|
|Dividend pay out ratio, %||55%||74%||97%||83%||84%||93%|
* EUR 0.79 per share was paid on April 17, 2020. The AGM 2020 also authorized the Board to decide on the distribution of dividends of up to EUR 0.79 per share in one or more installments at a later date.