Dividend and dividend policy

Dividend policy and dividend

The Board of Directors has adopted a dividend policy according to which Nordax aims to maintain a payout ratio of approximately 40 percent of profit for the year. The dividend target is based on current regulatory capital requirements, and any future changes regarding regulatory capital requirements could affect Nordax’s dividend target. The declaration of dividends by Swedish companies is decided upon by the general meeting of shareholders.

The Annual General Meeting 2017 decided on a dividend per share for 2016 of 1,60 SEK per share, which was equivalent to a payout ratio of 40 per cent.

In 2015 the dividend was 0.50 SEK per share.