Fortum’s dividend policy
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 payment history
|Dividend for the year||Dividend/share, eur||Dividend/earnings, %||Dividend yield, %|
|* 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