Dividend
Here you find our dividend policy and proposed dividend for 2017.
Dividend policy
Telia Company intends to distribute a minimum of 80 percent of free cash flow from continuing operations, excluding licenses. The dividend should be split and distributed in two equal tranches.
The company targets a leverage corresponding to Net debt/adjusted EBITDA of 2x plus/minus 0.5x.
The company shall continue to target a solid investment grade long-term credit rating (A- to BBB+).
Proposed dividend for 2017
For 2017, the Board of Directors proposes to the Annual General Meeting (AGM) an ordinary dividend of SEK 2.30 per share (2.00), totaling SEK 10.0 billion (8.7), or 81 percent of free cash flow attributable to continuing operations.
Dividend should be split and distributed into two equal tranches of SEK 1.15 each.
First distribution
The Board of Directors proposes that the final day for trading in shares entitling shareholders to dividend be set for April 10, 2018, and that the first day of trading in shares excluding rights to dividend be set for April 11, 2018. The recommended record date at Euroclear Sweden for the right to receive dividend will be April 12,
2018. If the AGM votes to approve the Board’s proposals, the dividend is expected to be distributed by Euroclear Sweden on April 17, 2018.
Second distribution
The Board of Directors proposes that the final day for trading in shares entitling shareholders to dividend be set for October 18, 2018, and that the first day of trading in shares excluding rights to dividend be set for October 19, 2018. The recommended record date at Euroclear Sweden for the right to receive dividend will be October 22, 2018. If the AGM votes to approve the Board’s proposals, the dividend is expected to be distributed by Euroclear Sweden on October 25, 2018.
Historical dividend information
| Decision at AGM | Dividend for year | SEK/share | SEK million total |
|---|---|---|---|
|
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 extraordinary dividend.
** Including SEK 4.50 per share and SEK 20,207 million in extraordinary dividend.
*** Including SEK 2.20 per share and SEK 9.9 billion in extraordinary dividend.