Dividend and financial policy
The Board of Directors of Swedish Match is positively disposed toward continuously passing on to shareholders those funds that are not considered necessary for the expansion and consolidation of the Group, after taking Group financial objectives into consideration.
The dividend policy of the Company is a pay-out ratio of 40 to 60 percent of the earnings per share, subject to adjustments for larger one time items. The Board has further determined that the financial policy should be that the Group will strive to maintain a net debt that does not exceed three times EBITA.
Dividend history
| |
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
2003 |
2002 |
2001 |
2000 |
1999 |
1998 |
1997 |
1996 |
| Dividend, SEK |
5.50 |
4.75 |
4.10 |
3.50 |
2.50 |
2.10 |
1.90 |
1.70 |
1.60 |
1.45 |
1.35 |
1.22 |
1.08 |
1.05 |
1.05 |
Page updated Sep 27, 2011