Dividend policy and dividends

Kojamo’s objective is to be a stable dividend payer whose annual dividend payment will be at least 60 per cent of FFO, provided that the Group’s equity ratio is 40 per cent or more and taking account of the company’s financial position. There can be no assurances that dividends will be paid in the future, nor are there any assurances as to the amount of dividends to be paid for a particular year.

Dividend for the year 2019

Kojamo plc’s Annual General Meeting decided that a dividend of EUR 0.34 per share be paid for the financial year 2019.

Dividend was paid to the shareholders who on the record date of the dividend payment, 16 March 2020, were recorded in the company’s shareholders’ register held by Euroclear Finland Ltd. The dividend was paid on 2 April 2020.

All Kojamo’s shares carry equal rights to dividends.

Dividend history

20192018201720162015
Dividend per share, EUR* 0.34 0.29 0.22 0.22 0.16
Dividend, EUR million 84.0 71.7 50.3 50.3 37.0
Dividend per earnings, % 10.2 31.2 23.7 50.5 20.5
Effective dividend yield, %2.13.6
Record date of the dividend payment16 March 202018 March 2019
Payment date of the dividend2 April 20202 April 2019

*Key figures per share have been adjusted to reflect the impact of the decision by the Extraordinary General Meeting of Shareholders on 25 May 2018 regarding the share split. In the share split the shareholders received 30 new shares per each existing share.

Page updated 3 December 2020