Dividend information
Swedish Match has the ambition to continuously grow dividend per share with a payout ratio normally within 40-60 percent of the earnings per share, subject to adjustments for larger one-time items.
Dividend 2021
The Board of Directors proposes to the Annual General Meeting an increased dividend, amounting to 15.00 SEK per share (12.50). The proposed dividend is in line with Swedish Match’s ambition to continually grow dividend per share with a payout ratio normally within 40-60 percent of earnings per share, subject to adjustment for larger one-time items. The proposed dividend represents an increase of 20 percent from the prior year’s dividend, and equals a payout ratio of 47 percent (49) of the adjusted earnings per share for the year. The proposed dividend amounts to 2,376 MSEK based on the 158.4 million shares outstanding at the end of the year.
Dividend per share
| Ordinary dividend, SEK | Special dividend, SEK | |
|---|---|---|
| 2015 | 8.00 | 21.50 |
| 2016 | 8.50 | 7.50 |
| 2017 | 9.20 | 7.40 |
| 2018 | 10.50 | |
| 2019 | 12.50 |
| Dividend history | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend, SEK | 15,00* | 12.50 | 10.50 | 16.60 | 16.00 | 29.50 | 7.50 | 7.30 | 7.30 | 6.50 | 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 |
* Board's proposal.
Transfer of capital
| Ordinary dividend | Repurchase of own shares | Special dividend | |
|---|---|---|---|
| 2015 | 1,464 | 1,854 | 0 |
| 2016 | 1,506 | 1,249 | 4,016 |
| 2017 | 1,545 | 2,590 | 1,363 |
| 2018 | 1,613 | 2,512 | 1,298 |
| 2019 | 1,777 | 2,989 | 0 |
| Transfer of capital to Swedish Match shareholders | 2019 | 2018 | 2017 | 2016 | 2015 | Total |
|---|---|---|---|---|---|---|
| Dividend paid, MSEK | 1,777 | 2 911 | 2 908 | 5 522 | 1 464 | 14,583 |
| Repurchase of own shares, net | 2,989 | 2 512 | 2 590 | 1 249 | 1 854 | 11,194 |
| Total | 4,766 | 5 423 | 5 498 | 6 771 | 3 318 | 25,777 |
