The longer-term objective is to distribute dividend of 30–50 per cent of the annual result, taking into account the capital needs of business operations.
According to the Limited Liability Companies Act, the Annual General Meeting decides on the distribution of dividends based on a proposal from the Board of Directors. According to the company’s Articles of Association, an Annual General Meeting must be held annually by the end of May. The distribution of dividends requires a majority decision from shareholders at the Annual General Meeting. In accordance with the prevailing practice in Finland, dividends on shares in Finnish companies are usually paid only once a year.