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 share purchases should over time equal 75-100 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.
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.
