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

  2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Dividend, SEK 3.50 2.50 2.10 1.90 1.70 1.60 1.45 1.35 1.22 1.08 1.05 1.05


 

Table data
Transfer of capital to Swedish Match shareholders 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Dividends1,022886664627612558535508490539474510510
Redemptions, net--------996-1,147--
Repurchase of own shares, net9342,4533,5851,4115769045521,169905----
Total1,9583,3394,2492,0381,1881,4621,0871,6772,3915391,621510510


 

SWMA Mar 12, 2010 5:29 PM CET 163 SEK -0.6% Down

Other contacts

Addresses

Stockholm
Swedish Match Corporate Headquarters SE-118 85 Stockholm
Phone: +46 8 658 0200
Fax: +46 8 658 3522
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Page updated May 9, 2008