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 buybacks will be based on an assessment considering Kindred’s financial position, capital structure and future investments needs, including acquisition opportunities. The total pay-out ratio of dividends and buybacks should over time equal about 75 per cent of free cash flow. Free cash flow is defined as cash flow from operations excluding movements in customer balances, less cash flow from investment activities (including acquisitions) and payments for lease liabilities.
Kindred informs about the dividend instalment on 20 May 2021
Kindred Group Plc will, as previously communicated, make a cash dividend of a total of GBP 0.330 to shareholders and holders of Swedish depository receipts in two equal instalments and in Swedish kronor. The first instalment will be distributed on May 20, 2021 and amounts to SEK 1.94 per share and depository receipt. Due to unforeseen circumstances, this first dividend will be paid through two separate deposits of SEK 1.67 and 0.27, both on 20 May. This will not affect taxes or costs for shareholders and custodians.
10 February 2021
In respect of the financial year 2020, the Board of Directors propose an ordinary dividend of GBP 0.330 per share, equal to a total dividend of about GBP 75 million, to be paid out in two equal tranches, in the second quarter and the fourth quarter of 2021.
Dividend per share, SEK
| 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.
