In the long-term, Kesko aims to distribute a steadily growing dividend of some 60-100% of its comparable earnings per share, taking into account the company’s financial position and strategy. Kesko plans to pay its dividends in two instalments, starting with the dividend paid for the year 2018.
According to its previous dividend policy, Kesko distributed at least 50% of its comparable earnings per share as dividends, taking into account, however, the company’s financial position and operating strategy.
Kesko’s Annual General Meeting makes resolutions regarding dividend distribution. Due to developments concerning the COVID-19 coronavirus, the Board of Directors of Kesko Corporation has decided to cancel the Annual General Meeting scheduled to be held on 30 March 2020. The company shall convene a new meeting at a date to be confirmed later.
The Annual General Meeting held on 8 April 2019 resolved that a dividend of €2.34 per share be paid for the year 2018 based on the adopted balance sheet on shares held outside the Company at the date of dividend distribution. The remaining distributable assets will remain in equity.
The dividend will be paid in two instalments. The first instalment, €1.17 per share, was paid to shareholders registered in the Company's register of shareholders kept by Euroclear Finland Ltd on the first dividend instalment payment record date 10 April 2019. The first dividend instalment pay date was 17 April 2019.
The second instalment, €1.17 per share, was paid to shareholders registered in the Company's register of shareholders kept by Euroclear Finland Ltd on the second dividend instalment payment record date 10 October 2019. The second dividend instalment pay date was 17 October 2019.