Dividend policy

The Board of Directors updated Outokumpu's dividend policy on January 31, 2018. According to the new policy, dividend pay-out ratio throughout a business cycle shall be in a range of 30-50 per cent of net income.

Dividend, Outokumpu Annual General Meeting 2020

Outokumpu’s Annual General Meeting 2020 was held on May 28, 2020. The Annual General Meeting authorized the Board of Directors to decide at a later stage and in its discretion on a dividend payment in one or several instalments of a total maximum of EUR 0.10 per share.

The authorization would be valid until the next Annual General Meeting, however, no longer than until May 31, 2021. The Company will publish the possible decisions on dividend payment separately, and simultaneously confirm the dividend record and payment dates. Dividends paid on the basis of this authorization will be paid to shareholders who on the applicable record date for such dividend payment are registered in the shareholders’ register held by Euroclear Finland Oy.

2018 2017 2016 2015 2014 2013 2012 2011 2010

Dividend per share, EUR

0.15 0.25 0.10 0.25

Dividend payout ratio

47.4 26.3 28.8

Dividend yield, %

4.7 3.2 1.2 1.8