Dividends and dividend policy

Dividend policy

Stockmann's Board of Directors has set the dividend payout target at a minimum of half of the earnings derived from the company's ordinary operations. The financing required to grow operations is nevertheless taken into account in determining the dividend.

Dividends 2005-2013

(Adjusted for share issues)

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Dividend per share, EUR

1.10

1.30

1.35

0.62

0.72

0.82

0.50

0.60

0.40

0.0

Dividend per earnings, %

76.4

67.4

86.5

94.7

88.0

74.5

116.2

80.6

59.5

 

Effective dividend yield, %

 

 

 

 

 

 

 

 

 

 

Series A

3.4

3.6

4.6

6.1

3.5

2.8

3.7

4.3

3.6

 

Series B

3.4

3.6

4.6

6.3

3.8

2.9

4.2

4.4

3.6

 

Dividends, EUR mill.

59.5

72.1

75.2

38.0

51.2

58.3

35.9

43.2

28.8