Shareholder program
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 financial objectives state that the net debt/equity ratio should not exceed 100% in the long term and that the equity/assets ratio should be maintained at 25-30% long-term.
Dividend policy
Swedish Matchs dividend policy is that the dividend should largely follow the trend of the Groups net income. When establishing a dividend, the size of planned repurchases of shares is also taken into account. It is estimated that the dividend amount will be between 30 percent and 50 percent of net income for the year.