Dividends and dividend policy

Dividend payment history

2018: The Board of Directors proposes that a dividend of EUR 0.33 per share will be paid for 2018, corresponding to approximately 100 percent of the 2018 net income, excluding items affecting comparability, net of tax. The dividend is proposed to be paid in two tranches in 2018.

2017: a dividend of EUR 0.80 per share was be paid for 2017, corresponding to approximately 182 percent of the 2017 net income, excluding items affecting comparability, net of tax. The dividend was be paid in two tranches in April and in November 2018. 

2016: a dividend of EUR 0.80 per share was paid for 2016, corresponding to approximately 81 percent of the 2016 operative net income.

2015: a dividend of EUR 0.80 per share was paid for 2015, corresponding to approximately 91 percent of the 2015 operative net income.

2014: a dividend of EUR 0.80 per share was paid for 2014, corresponding to approximately 73 percent of the 2014 operative net income.

2013: a dividend of EUR 0.80 per share was paid for 2013, corresponding to approximately 69 percent of the 2013 operative net income.

2012: a dividend of EUR 0.76 per share was paid for 2012, corresponding to approximately 72 percent of the 2012 operative net income.

2011: a dividend of EUR 0.73 per share was paid for 2011, corresponding to approximately 88 percent of the 2011 operative net income.

2010: a dividend of EUR 0.70 per share was paid for 2010, corresponding to approximately 86 percent of the 2010 operative net income. 




Taxable value

The taxable value for share dividend received in connection to the listing is EUR 15.80.


Tikkurila shares received as share dividend in 2010

The taxable value and purchase price of Tikkurila's share received as a share dividend is EUR 15.80 (volume weighted average price of the first trading day, i.e. March 26, 2010).

Dividend policy

According to Tikkurila’s dividend policy, Tikkurila aims to distribute a dividend of at least 40 percent of its annual operative net income. Operative net income means net profit for the period excluding non-recurring items and adjusted for tax effects. Any dividends to be paid in future years, their amount and the time of payment will depend on the Company’s future earnings, financial condition, cash flows, investments, solvency, business cycle and other factors, which the Company’s Board of Directors considers relevant.

Under the Finnish Companies Act, the general meeting of shareholders decides on the distribution of dividends. Dividends on shares of a Finnish company, if any, are generally declared once a year and may be paid only after the annual general meeting of shareholders has approved the company’s financial statements and the amount of the dividend proposed by the Board of Directors. In accordance with the Finnish Companies Act, payment of dividends may be based also on audited financial statements other than those for the preceding financial year, provided that these financial statements have been adopted by a general meeting of shareholders. The distribution of dividends by the company in respect of the shares requires the approval of the holders of a majority of the votes cast at the general meeting of shareholders. However, any distributions of funds are prohibited if it is known, or it should be known at the time of taking such decision, that the company is insolvent or such distribution would cause the company to become insolvent.