Kindred’s dividend policy is to generate a stable ordinary dividend in absolute GBP-denominated terms, paid in two equal tranches in the second and fourth quarter. In addition, Kindred will over time complement dividends with share buybacks.
The total pay-out of dividends and buybacks will be based on an assessment considering Kindred’s financial position, capital structure and future investments needs, including acquisition opportunities. The total pay-out ratio of dividends and buybacks should over time equal about 75 per cent of free cash flow. Free cash flow is defined as cash flow from operations excluding movements in customer balances, less cash flow from investment activities (including acquisitions) and payments for lease liabilities.
Dividend proposal for 2021
In respect of the financial year 2021, the Board of Directors propose an ordinary dividend of GBP 0.337 per share, equal to a total dividend of approximately GBP 75 million, to be paid out in two equal tranches, in the second quarter and the fourth quarter of 2022. The record date for the second instalment will be 15 November 2022 and distributed by Euroclear Sweden AB on 18 November 2022 with an ex-dividend date of 14 November 2022.
Dividend per share, SEK
| 2020 | 3.88 |
| 2019* | 0 |
| 2018 | 6.16 |
| 2017 | 6.48 |
| 2016 | 3.52 |
| 2015 | 2.870 |
| 2014 | 2.679 |
| 2013 | 1.463 |
| 2012 | 0.889 |
| 2011 | 0.761 |
| 2010 | 0.560 |
| 2009 | 0.960 |
* Due to the uncertainty caused by COVID-19, and in accordance with the Board’s recommendation, the AGM of 2020 decided that no dividend for 2019 was to be paid out.
