Kindred’s dividend policy is to generate a stable ordinary dividend in absolute GBP-denominated terms, paid in two equal tranches in the second and fourth quarter. In addition, Kindred will over time complement dividends with share buybacks.
The total pay-out of dividends and share purchases will be based on an assessment taking into account Kindred’s financial position, capital structure and future investment needs, including acquisition opportunities. The total pay-out ratio of dividends and share purchases should over time equal approximately 75–100 per cent of free cash flow. Free cash flow is defined as net cash generated from operating activities, excluding movements in customer balances, less cash flows from investment activities (including acquisitions) and lease payments.
A dividend of GBP 0.345 per ordinary share/SDR was approved at the AGM on 20 April 2023. In order to facilitate more efficient cash management, it was decided that the dividend was to be paid in two equal instalments. The first instalment was paid on the 27th of April 2023. The second instalment will be paid on the 27th of October 2023 with record date on the 24th of October 2023 and ex-dividend date on the 23rd of October 2023.
Dividend per share, SEK
| 2021 | 4.14 |
| 2020 | 3.88 |
| 2019* | 0 |
| 2018 | 6.16 |
| 2017 | 6.48 |
| 2016 | 3.52 |
| 2015 | 2.870 |
| 2014 | 2.679 |
| 2013 | 1.463 |
| 2012 | 0.889 |
| 2011 | 0.761 |
| 2010 | 0.560 |
| 2009 | 0.960 |
* Due to the uncertainty caused by COVID-19, and in accordance with the Board’s recommendation, the AGM of 2020 decided that no dividend for 2019 was to be paid out.
