Dividends

Fortum’s dividend policy is based on the following preconditions:

The dividend policy ensures that shareholders receive a fair remuneration for their entrusted capital, supported by the company’s long-term strategy that aims at increasing earnings per share and thereby the dividend.

When proposing the dividend, the Board of Directors looks at a range of factors, including the macro environment, balance sheet strength as well as future investment plans.

Fortum Corporation's target is to pay a stable, sustainable and over time increasing dividend of 50-80% of earnings per share excluding one-off items.

Dividend for the year Dividend/share, eur  Dividend/earnings, % Dividend yield, %
​2015 1.10 1)​ 24 1)​ 7.9 1)​
2014 1.30* 37 7.2
2013 1.10 80 6.6
2012 1.00 62.9 7.1
2011 1.00 50.3 6.1
2010 1.00 68.5 4.4
2009 1.00 67.6 5.3
2008 1.00 57.5 6.6
2007 1.35 77.6 4.4
2006 1.26 103.3 5.8
2005 1.12*** 72.3 7.1
2004** 0.58 39.2 4.3
2003 0.42 46.2 5.1
2002 0.31 39.3 5.3
2001 0.26 45.6 5.5
2000 0.23 41.9 5.3
1999 0.18 43.4 4.0
1998 0.13 46.3 2.5

1) Board's proposal for the AGM.
*  Dividend of EUR 1.10 per share, and in addition extra dividend of EUR 0.20 per share for 2014.
** Neste Oil shares not included, earnings based on IFRS
*** 0,54  including EUR 0.54 from discontinuing operations, earnings based on IFRS

3/4/2016