According to Sampo plc’s dividend policy, total annual dividends paid shall be at least 50 per cent of the Group’s net profit for the year (excluding extraordinary items). In addition, share buy-backs can be used to complement the cash dividend.
The parent company’s distributable capital and reserves totaled EUR 7,423,628,273.90 of which profit for the financial year was EUR 1,565,149,328.44.
The Board proposes to the Annual General Meeting a dividend of EUR 2.30 per share to company’s 560,000,000 shares. The dividends to be paid are EUR 1,288,000,000.00 in total. Rest of funds are left in the equity capital.
The dividend will be paid to shareholders registered in the Register of Shareholders held by Euroclear Finland Ltd as at the record date of 2 May 2017. The Board proposes that the dividend be paid on 9 May 2017.
No significant changes have taken place in the company’s financial position since the end of the financial year. The company’s liquidity position is good and in the view of the Board, the proposed distribution does not jeopardize the company’s ability to fulfill its obligations.
Board of Directors