Dividend policy
On July 28, 2004, the Board of Directors announced that it had decided on a dividend policy for TeliaSonera to distribute 30-50 percent of net income.
On April 25, 2006, it was announced that in addition to the ordinary dividend of 30-50 percent of net income attributable to shareholders of the parent company, the Board of Directors intends to propose a yearly additional distribution to shareholders. The additional distribution will be reviewed annually taking into consideration cash flow and its projections as well as investment plans.
On October 26, 2007, The Board of Directors decided that the company shall target a solid investment grade
long-term credit rating (A- to BBB+) to secure the company’s strategically important financial
flexibility for investments in future growth, both organically and by acquisitions.
The ordinary dividend shall be at least 40 percent of net income attributable to shareholders
of the parent company. In addition, excess capital shall be returned to shareholders,
after the Board of Directors has taken into consideration the company’s cash at hand,
cash flow projections and investment plans in a medium term perspective, as well as
capital market conditions.
Historical dividend information
| Decision at AGM |
2008 |
2007 |
2006 |
2005 |
2004 |
2003 |
| Dividend for year |
2007 |
2006 |
2005 |
2004 |
2003 |
2002 |
| SEK/share |
4.0*** |
6.3** |
3.5* |
1.20 |
1.00 |
0.40 |
| SEK total |
17,962 million*** |
28,290 million** |
15,717 million* |
5,610 million |
4,675 million |
1,870 million |
| Record date |
April 3, 2008 |
April 27, 2007 |
May 3, 2006 |
April 29, 2005 |
May 3, 2004 |
May 13, 2003 |
* Including SEK 2.25 per share and SEK 10,104 million total extraordinary dividend.
** Including SEK 4.50 per share and SEK 20,207 million total extraordinary dividends.
*** Including SEK 2.20 per share and SEK 9.9 billion total extraordinary dividend.
|
