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 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, i.e. approximately EUR 76.1 million in total based on the total number of outstanding shares of Nokian Tyres at the time of the proposal. The dividend corresponds to the minority dividend pursuant to Chapter 13, Section 7 of the Finnish Companies Act, i.e. eight per cent of the shareholders’ equity.

The dividend was paid on May 11, 2022 to the shareholders who were registered in the company’s shareholder register maintained by Euroclear Finland Oy on the dividend record date of May 2, 2022.

Dividend for the year 2020

Nokian Tyres’ Annual General Meeting decided on March 30, 2021 that a dividend of EUR 1.20 per share shall be paid from the financial year 2020. The dividend was paid in two instalments in April and in December.

 

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%