Dividend information

Fortum’s dividend policy

The dividend policy was renewed in March 2023. Fortum's dividend policy is based on a payout ratio of 60–90% of comparable EPS. 

Fortum’s previous dividend policy was to pay stable and overtime increasing dividends. 

The payout ratio will be used so that the upper end of the range of the pay-out ratio is applied in situations with a strong balance sheet and low investments, while the lower end of the range would be applied with high leverage and/or significant investments and high capital expenditure.

For the year 2023, Fortum’s Board of Directors proposes a dividend of EUR 1.15 per share which corresponds to 90% of the Groups comparable EPS of EUR 1.28.

Dividend history

Dividend for the year Dividend per share, EUR Dividend/earnings, % Dividend yield, %
2022 0.91 80 5.9
2021 1.14 137 4.2
2020 1.12 55 5.7
2019 1.10 66 5.0
2018 1.10 116 5.8
2017 1.10 112 6.7
2016 1.10 196 7.5
2015 1.10 24 7.9
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

* Dividend of EUR 1.10 per share, and in addition extra dividend of EUR 0.20 per share for 2014
** 0.54 including EUR 0.54 from discontinuing operations, earnings based on IFRS
*** Neste Oil shares not included, earnings based on IFRS

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Calendar

Fortum financial calendar

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