Dividend
Here you find our dividend policy and proposed dividend for 2019.
DIVIDEND POLICY
Telia Company intends to distribute a minimum of 80 percent of operational free cash flow including dividends from associated companies, net of taxes.
The dividend should be split and distributed in two tranches.
The company shall continue to target a solid investment grade long-term credit rating of A- to BBB
PROPOSED DIVIDEND FOR 2019
On January 29, 2020, it was announced that the Board of Directors proposed to the Annual General Meeting (AGM) an ordinary dividend of SEK 2.45 per share (2.36).
On March 26, 2020, it was announced that the Board of Directors had decided to amend its dividend proposal to the Annual General Meeting to SEK 1.80 per share from the previous SEK 2.45 proposal.
On April 2, 2020, the Annual General Meeting (AGM) decided on an ordinary dividend of SEK 1.80 per share (2.36), totaling SEK 7.4 billion (9.9). The dividend should be split and distributed into two tranches of SEK 0.90 per share.
On October 6, 2020, it was announced that the Board of Directors had decided to propose to pay an additional dividend of SEK 0.65 per share, subject to the approval by an Extraordinary General Meeting. If approved, the resulting total dividend per share payment would amount to SEK 2.45 for the financial year 2019.
First distribution
The Annual General Meeting (AGM) decided that the first distribution of the dividend was to be distributed by Euroclear Sweden on April 9, 2020.
Second distribution
The Annual General Meeting (AGM) decided that the second distribution of the dividend was to be distributed by Euroclear Sweden on October 28, 2020.
Additional dividend
The Board of Directors has decided to propose to pay an additional dividend of SEK 0.65 per share, subject to the approval by an Extraordinary General Meeting. The Extraordinary General Meeting will be held December 2, 2020. The record date at Euroclear Sweden for the right to receive dividend will be December 4, 2020. The dividend is expected to be distributed by Euroclear Sweden on December 9, 2020.
Dividend history
| Approval at AGM | Dividend for fiscal year | SEK/share | SEK million total |
|---|---|---|---|
| 2019 |
2018 |
2.36 |
9,985 |
|
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.