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.

Board of Directors has decided not to pay dividends for the financial year 2019

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

Following a review of the January-September 2020 financial results, Outokumpu's Board of Directors has decided that owing to the importance of strengthening the Company's balance sheet no dividend will be paid for the financial year 2019.

The Board confirms that in the challenging market environment improving the Company's financial position will continue to be of highest priority.

 2019 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