Dividend for fiscal year 2016 to be paid in May 2017
For the financial year 2016, the Board of Tele2 AB has decided to recommend an ordinary dividend payment of SEK 5.23 per ordinary A or B share to the Annual General Meeting (AGM) in May 2017, representing a 10 percent increase to the absolute dividend declared in the prior year. Financial year 2016 marks the final year of the current 3-year dividend policy.
Pursuant to the approval received at the 2016 AGM, Tele2 has the authorization to repurchase up to 10 percent of its share capital.
Dividend policy for fiscal year 2017 onwards
Tele2 expects to propose a dividend of SEK 4.00 per share for financial year 2017. By financial year 2019, Tele2 expects the dividend to be fully covered by the equity free cash flow generation of the Group.
Authorization to pay extraordinary dividends will be sought when the company has excess capital.
Below table depicts the ordinary cash dividends and other cash distributions to shareholders paid per ordinary share by Tele2 since fiscal year 2009. All amounts in SEK.
|Decision at Annual General Meeting||2016||2015||2014||2013||2012||2011||2010|
|Other distribution to shareholders
||26 May 2016
||21 May 2015
||15 May 2014
||16 May 2013/ 11 June 2013
||10 May 2012
||19 May 2011
||25 May 2010
* Extra ordinary dividend with the same record date as for the ordinary dividend.
** Distribution to shareholders via a share redemption program of SEK 12.5 billion, which was equivalent to a distribution of SEK 28 per existing share of Class A and B in Tele2. The record date for the share redemption program was 11 June 2013.