Dividend policy
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 2022
Nokian Tyres’ Board of Directors proposes to the he Annual General Meeting 2023 that a dividend of EUR 0.35 per share shall be paid to the shareholders who are registered in the shareholder register maintained by Euroclear Finland Oy on the dividend record date of April 28, 2023. The payment date proposed by the Board of Directors is May 11, 2023.
In addition, it is proposed that the Annual General Meeting would authorize the Board of Directors to decide on dividend payment of a maximum of EUR 0.20 per share to be distributed in December. This shall be decided by the Board of Directors in its meeting scheduled for October 31, 2023. The company will publish the Board decision on the possible second dividend payment separately, and at the same time confirm the pertinent record and payment dates.
Dividend for the year 2021
Nokian Tyres’ Annual General Meeting decided on April 28, 2022 that a dividend of EUR 0.55 per share be paid from the financial year 2021. The dividend was paid in May.
Dividend history
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| Dividend per share, eur | 0.55 | 1.20 | 1.14 | 1.58 | 1.56 | 1.53 |
| Dividend pay out ratio, % | 37% | 193% | 40% | 74% | 97% | 83% |