Outokumpu updated its dividend policy
The Board of Directors (“the Board”) of Outokumpu Oyj has on June 16, 2022 resolved on a new dividend policy.
According to the new dividend policy Outokumpu aims to distribute a stable and growing dividend, to be paid annually.
Dividend payout history
Dividends by Outokumpu Group in 2010–2021 are compiled in the table below.
|Dividend per share, EUR||0.15||–||–||0.15||0.25||0.10||–||0.25|
|Dividend payout ratio||12.3||–||–||47.4||26.3||28.8||–||–|
|Dividend yield, %||2.7||–||–||4.7||3.2||1.2||–||1.8|
Changes in withholding taxation of dividends in Finland
Withholding tax of 35% will be withheld from dividend payments made on foreign nominee registered shares. If the custodians are registered with the Finnish Tax Administration’s Register of Authorized Intermediaries, lower withholding tax can be applied based on the required additional information collected.
Any tax withheld in excess can be reclaimed after the year of the dividend payment by submitting a refund application to the Finnish Tax Administration, either on paper (form for corporate entities here, and for individuals here), or electronically. A tax refund can also be received already during the year of dividend payment via the Authorized Intermediary. Please contact your depositary participant for further information.
Dividends paid to Finnish tax resident holders of nominee registered shares may as of 2020 be subject to withholding of 50% tax prepayment. Any excess tax prepayment will be credited in the normal tax assessment process.