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Swedish Match
SWMA Dec 11, 2019
5:34 PM CET
+ 0.4 % 446.40 SEK
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Corporate Governance
  • Annual General Meeting
    • Annual General Meeting
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    • Dividend and financial policy
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Dividend and financial policy

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 3 times EBITA.

The Board continually reviews the financial position of the Company, and the actual level of net debt will be assessed against anticipated future profitability and cash flow, investment and expansion plans, acquisition opportunities as well as the development of interest rates and credit markets. The Board is committed to maintain an investment grade credit rating.

Dividend 2019

At the Annual General Meeting of Swedish Match AB (publ) on April 9, it was resolved, in accordance with the proposal of the Board of Directors, to pay a dividend of 10.50 SEK per share. The record day for the right to receive a cash dividend was April 11, 2019 and payment through Euroclear Sweden AB was made on April 16, 2019.

Dividend history20182017201620152014201320122011201020092008200720062005200420032002200120001999199819971996
Dividend, SEK10.5016.6016.0029.507.507.307.306.505.504.754.103.502.502.101.901.701.601.451.351.221.081.051.05
Transfer of capital to Swedish Match shareholders20182017201620152014Total
Dividend paid2,9112,9085,5221,4641,45314,259
Repurchase of own shares, net2,5122,5901,2491,8548369,042
Total5,4235,4986,7713,3182,28923,301

 

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Home / Corporate Governance / Annual General Meeting / Dividend and financial policy
Page updated Jun 10, 2019

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Swedish Match AB
SE-118 85 Stockholm

Phone +46 10 13 93 000
Corporate reg no. 556015-0756
contactus@swedishmatch.com

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