Dividends

 

Divindend policy

SRV pursues growth during the following years which will bind capital. According to the adopted dividend policy, the Board of Directors intends to propose to the Annual General Meeting of Shareholders to be held after any given financial year the distribution of dividends of approximately 30 percent of the net profit of the financial year. The amount of dividends may however be influenced by the financing required by investments in further growth.

Based on the decision by the Annual General Meeting of shareholders on 15 March 2011 the company will distribute 4,412,216 euro in dividends, a dividend of EUR 0.12 per share, for the financial year that ended on 31 December 2010.

Based on the decision by the Annual General Meeting of shareholders on 16 March 2010 the company distributed 4,412,216 euro in dividends, a dividend of EUR 0.12 per share, for the financial year that ended on 31 December 2009.

Dividend is however not paid to treasury shares held by the company.

Dividend distribution

Under the Finnish Companies Act, the Annual General Meeting of Shareholders decides on the distribution of dividends based on the dividend distribution proposal by the Board of Directors. According to the company’s Articles of Association, the Annual General Meeting of Shareholders shall be held annually before the end of May. More than half of the votes cast at the General Meeting of Shareholders shall second proposal for distribution of dividends. In accordance with prevailing practice in Finland, dividends on shares in a Finnish company are generally only paid annually.

Dividend history

Period		Dividend per share*, €		Dividend yield**, %		Total, €
2010		0,12		1,8		4 ,412, 216.16
2009		0,12		2,0		4 ,412, 216.16
2008		0,12		3,5		4 ,412, 216.16
2007		0,12		2,4		4 ,412, 216.16

*Share issue adjusted dividend per share
**Adjusted dividend per share divided by adjusted share price at the end of the period