Dividend

Here you find our dividend policy and proposed dividend for 2018.

DIVIDEND POLICY

Telia Company intends to distribute a minimum of 80 percent of free cash flow from continuing operations, excluding licenses and spectrum fees. The dividend should be split and distributed in two equal tranches.

The company shall continue to target a solid investment grade long-term credit rating of A- to BBB+.

PROPOSED DIVIDEND FOR 2018

For 2018, the Board of Directors proposes to the Annual General Meeting (AGM) an ordinary dividend of SEK 2.36 per share (2.30), totaling SEK 10.0 billion (9.9), or 85 percent of free cash flow attributable to continuing operations (81). The dividend should be split and distributed into two equal tranches of SEK 1.18 each.

The actual cash flow and equity effect for 2019 from the proposed dividend will be lower than SEK 10.0 billion due to the share buy-back program.

First distribution
The Board of Directors proposes that the final day for trading in shares entitling shareholders to dividend be set for April 10, 2019, and that the first day of trading in shares excluding rights to dividend be set for April 11, 2019. The recommended record date at Euroclear Sweden for the right to receive dividend will be April 12, 2019. If the AGM votes to approve the Board’s proposals, the dividend is expected to be distributed by Euroclear Sweden on April 17, 2019.

Second distribution
The Board of Directors proposes that the final day for trading in shares entitling shareholders to dividend be set for October 22, 2019, and that the first day of trading in shares excluding rights to dividend be set for October 23, 2019. The recommended record date at Euroclear Sweden for the right to receive dividend will be October 24, 2019. If the AGM votes to approve the Board’s pro-posals, the dividend is expected to be distributed by Eu-roclear Sweden on October 29, 2019.

Dividend history

Approval at AGMDividend for fiscal yearSEK/shareSEK million total

2018

2017

2.30

9,959

2017

2016

2.00

8,660

2016

2015

3.00

12,990

2015

2014

3.00

12,990

2014

2013

3.00

12,990

2013

2012

2.85

12,341

2012

2011

2.85

12,341

2011

2010

2.75

12,349

2010

2009

2.25

10,104

2009

2008

1.80

8,083

2008

2007

4.00***

17,962***

2007

2006

6.30**

28,290**

2006

2005

3.50*

15,717*

2005

2004

1.20

5,610

2004

2003

1.00

4,675

2003

2002

0.40

1,870

 

* Including SEK 2.25 per share and SEK 10,104 million in extra ordinary dividend.
** Including  SEK 4.50 per share and SEK 20,207 million in extra ordinary dividend.
*** Including SEK 2.20 per share and SEK 9.9 billionin extra ordinary dividend.