Dividend policy

The Board has adopted a progressive dividend policy, intending to maintain or grow the dividend each year but, recognising that some earnings fluctuations are to be expected, the annual dividend will reflect the Board’s view of the earnings prospects over the entirety of the investment cycle.

In setting the distribution policy and the overall financial strategy, the Board’s aim is to continue to strike a balance between the interests of the business, our financial creditors and our shareholders. After providing for business investment, funding the progressive dividend policy and meeting our debt service obligations, the Board will keep under review the opportunity to return cash in excess of these requirements to shareholders through periodic share repurchases.

Payment of dividends

Dividends will normally be paid twice a year, with a greater proportion paid as a second interim.

  • First interim: announced with second quarter and half year results and paid in September
  • Second interim: announced with fourth quarter and full year results and paid in March

Dividend calculator & history

To calculate the value of your forthcoming/latest dividend payment, or look-up previous payments, please use the dividend calculator.

Exchange rates

Exchange rates used to convert dividend payments, announced in USD, GBP and SEK are the noon rate on the day prior to the dividend announcement.

Dividend questions

Please refer to the dividend FAQ for common questions regarding dividend payments.

Most recent dividend announcement

First interim dividend 2014 announced Thursday 31 July 2014

Dividend dates

Dividend rate

Ex div date 13 August 2014 GBp 53.1
Record date 15 August 2014 USD $0.90
Payment date 15 September 2014 SEK 6.20

Next dividend announcement

Second interim dividend 2014 to be announced on 5 February 2015