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.
Following the announced public cash offer from La Française des Jeux, and the way the offer is structured, where any dividends prior to settlement of the offer would reduce the offer price accordingly, the Board of Directors do not propose a dividend in respect of the financial year 2023.
Dividend per share, SEK
| 2022 | 4.51 |
| 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.
