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Dividend Information

Tele2 will aim to maintain target leverage of 2.5–3.0x economic net debt/ underlying EBITDAaL and maintain investment grade credit metrics. Tele2’s policy will aim to maintain target leverage by distributing capital to shareholders through:

  • An ordinary dividend of at least 80 percent of equity free cash flow; and
  • Extraordinary dividends and/or share repurchases, based on remaining equity free cash flow, proceeds from asset sales and releveraging of underlying EBITDAaL growth.

Based on this policy, Tele2 is expected to distribute in excess of 100 percent of equity free cash flow to shareholders, through a combination of dividends and/or share repurchases.

Proposed dividend for 2022 payable in 2023

The Board of Directors of Tele2 are proposing an ordinary dividend of SEK 6.80 per A and B shares to be decided by the 2023 Annual General Meeting on 15 May, 2023, and to be distributed to Tele2’s shareholders in two tranches, in May and in October. The proposed record date for the first tranche will be on 17 May 2023 with payment date 23 May. The proposed record date for the second tranche will be on 10 October 2023 with payment date 13 October.

Dividend history

Below table depicts the ordinary cash dividends and other cash distributions to shareholders paid per ordinary share by Tele2 since fiscal year 2013. All amounts in SEK.

Decision at Annual General Meeting202220212020201920182017201620152014
Fiscal Year202120202019201820172016201520142013
Dividend Ordinary6.7516.0025.5034.40445,235,354,854,4
Other distribution to shareholders13.0013.0023.5036.005   10.006 
Record date2 May 2022
11 Oct 2022
2 May 2022
26 April 2021
5 Oct 2021
30 June 2021
13 May 2020
2 Oct 2020
8 May 2019
2 Oct 2019
26 Aug 2019
23 May 201811 May 201726 May 201621 May 201515 May 2014

1 The Board proposed an ordinary dividend of SEK 6.75 per share to be paid in two instalments of SEK 3.40 and SEK 3.35 per share, and an extraordinary dividend of SEK 13.00. The record date for the ordinary dividend payments was on Monday 2 May 2022 and on Tuesday 11 October 2022. The record date for the extraordinary dividend payment was on Monday 2 May 2022.

The Board proposed a dividend of SEK 6.00 per share to be paid in two equal instalments of SEK 3.00 per share each and an extraordinary dividend of SEK 3.00. The record date for the ordinary dividend payments was on Monday 26 April 2021 and on Tuesday 5 October 2021 and record date for the extraordinary dividend payment was on Wednesday 30 June 2021.

The Board proposed a dividend of SEK 5.50 per share to be paid in two equal instalments of SEK 2.75 per share each and an extraordinary dividend of SEK 3.50 after the close of Tele2 Croatia. The record date for the first ordinary dividend payment was on Wednesday 13 May 2020 and for the second ordinary and extraordinary dividend payment Wednesday 2 October 2020.

The Board proposed a dividend of SEK 4.40 per share to be paid in two equal instalments of SEK 2.20 per share each. The record date for the first dividend payment was on Wednesday 8 May 2019 and for the second dividend payment Wednesday 2 October 2019.

5 Distribution to shareholders via extraordinary dividend of SEK 4.1 billion which was equivalent to a distribution of SEK 6.00 per existing share of Class A and B in Tele2 following the transactions in the Netherlands and Kazakhstan. The record date for the extra ordinary dividend was 26 August 2019.

6 Extra ordinary dividend with the same record date as for the ordinary dividend.