Dividend and dividend policy
Dividend policy
Industrivärden’s dividend policy is that the Company shall generate a positive cash flow before portfolio changes and after dividends paid, in order to build investment capacity over time and be able to support portfolio companies when needed. The dividend is to be well-balanced with respect to the goals, scope and risk of operations.
Dividend
The 2020 Annual General Meeting resolved on a dividend of SEK 0.00 (5.75) per share, for at total dividend of SEK 0 M (2,502). The Board of Directors previously proposed the AGM to decide on a dividend of SEK 6.00 per share, corresponding to SEK 2,611 M, but due to the covid-19 pandemic, this proposal was withdrawn, see press release from April 7, 2020. The dividend yield on December 31, 2019, was 2.6% for the Class A shares and 2.7% for the Class C shares.
Key ratios, dividend and return
| 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
| Dividend/share, SEK | 0.00 | 5.75 | 5.50 | 5.25 | 5.00 | 6.25 | 5.50 | 5.00 | 4.50 | 4.00 |
| Dividend growth, % | neg | 5 | 5 | 5 | neg | 14 | 10 | 11 | 13 | 33 |
| Dividend yield Class C shares, % | 2.7 | 3.2 | 2.7 | 3.1 | 3.4 | 4.6 | 4.5 | 4.6 | 5.5 | 3.4 |
| Total return Class C shares, % | 30 | -9 | 22 | 21 | 11 | 16 | 18 | 37 | -28 | 48 |
| Share price at 31 Dec., Class C shares, SEK | 225.90 | 179.20 | 202.50 | 169.80 | 145.10 | 136.10 | 122.30 | 107.70 | 82.10 | 118.00 |