Annual Report 2013 | Suomeksi |

Dividend 

Updated dividend policy

In April 2013, Fortum's Board of Directors updated the company's dividend policy. The new 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, in the range of 50-80% of earnings per share, excluding one-off items.

Dividend distribution proposal

The distributable funds of Fortum Corporation as at 31 December 2013 amounted to EUR 4,151,029,137.59, including the profit for the period of EUR 477,747,032.48. After the end of the financial period, there have been no material changes in the financial position of the company. 

The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 1.10 per share be paid for 2013 totaling approximately EUR 977 million, when calculated based on the number of registered shares as of 3 February

2014. The Board of Directors proposes that the remaining part of the profit be retained in the shareholders’ equity. The Annual General Meeting will be held on 8 April 2014 at 14:00 EET at Finlandia Hall in Helsinki.

Earnings per share, EUR
Dividend per share, EUR
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