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 for the year | Dividend per share, EUR | Dividend/earnings, % | Dividend yield, % |
|---|---|---|---|
| 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 ** Neste Oil shares not included, earnings based on IFRS *** 0.54 including EUR 0.54 from discontinuing operations, earnings based on IFRS |
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