Financial targets and aim to grow the dividend
Fortum financial targets and dividend policy were updated in December 2020. Fortum continues to be committed to maintaining a rating of at least BBB.
The long-term financial targets are:
- Financial net debt/comparable EBITDA below 2x
- Hurdle rates for new investments of WACC
- o +100 bps for green investments
- o +200 bps for other investments
Fortum's dividend policy ‘is to pay a stable, sustainable, and over time increasing dividend’. Fortum’s Board of Directors aims to propose a dividend of EUR 1.12 per share for the year 2020 with the target to increase the dividend going forward.