Sanoma Announces Key Changes to 2023 Dividend Schedule
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Sanoma Board of Directors Updates Dividend Details
Sanoma Corporation has made a significant announcement regarding the dividend payments for the fiscal year 2023. The Board of Directors convened recently to finalize key details about the second instalment of dividends, contributing to the company’s ongoing commitment to its shareholders. With a focus on enhancing shareholder value, this decision reflects Sanoma's strategic approach in managing its financial commitments.
Details of the Second Dividend Instalment
The second instalment of the dividend for 2023 is set at EUR 0.13 per share. This decision was made after careful consideration during the Board meeting. Shareholders registered in the company’s shareholder register, maintained by Euroclear Finland Ltd, will be eligible for this payment, scheduled for distribution on the dividend payment date. This follows the established practice of scheduling dividends in a structured manner to ensure clarity for all involved.
Record Date for the Second Instalment
The record date for this instalment has been designated as September 17, 2024. Shareholders must ensure their holdings are registered by this date to qualify for the upcoming payment. The payment date is anticipated to be September 24, 2024, marking a crucial financial event for those invested in Sanoma Corporation.
Three Instalments for 2023 Dividend
Sanoma's Annual General Meeting laid down the foundation for the overall dividend strategy, resolving that the total dividend for 2023 would amount to EUR 0.37 per share, distributed in three separate instalments. The first instalment of EUR 0.13 was successfully completed on April 26, 2024. The upcoming events in September mirror the company’s systematic approach to financial distribution, providing shareholders with a sense of stability and predictability.
Future Payments and Expectations
Looking ahead, the Board has indicated that the record date for the third instalment, which amounts to EUR 0.11 per share, will be determined in October 2024, with payments expected in November 2024. This forward-looking strategy demonstrates Sanoma's ongoing commitment to returning value to its investors while navigating the complexities of the market.
Commitment to Innovation and Sustainability
Beyond financial matters, Sanoma is noted for its dedication to impactful learning and media. The company emphasizes its role as an agile, innovative participant in the educational sector, aimed at influencing millions positively. Their Sustainability Strategy is pivotal, illustrating a commitment to responsible practices that honor the planet while achieving business objectives.
Educational Impact and Future Growth
Sanoma’s diverse range of learning products empowers teachers and students, paving the way for educational success. Offering a blend of printed and digital content, they focus on providing resources for primary, secondary, and vocational education. This dedication not only supports personal growth among learners but also aims at expanding Sanoma's influence and business in the education market.
Company Achievements and Market Presence
Operating across twelve European countries, Sanoma employs a talented workforce of over 5,000 professionals. In the recent fiscal year, the company achieved net sales of approximately 1.4 billion euros, showcasing robust operational performance highlighted by a 12.6% operational EBIT margin excluding PPA. As an established entity listed on Nasdaq Helsinki, Sanoma exemplifies resilience and adaptability in a competitive landscape.
Frequently Asked Questions
What is the amount of the second dividend instalment for 2023?
The second dividend instalment for 2023 is EUR 0.13 per share.
When is the record date for the second dividend instalment?
The record date for the second instalment is set for September 17, 2024.
What are the payment dates for the dividends?
The payment date for the second instalment is scheduled for September 24, 2024.
How many instalments is the 2023 dividend divided into?
The total dividend for 2023 will be paid in three instalments.
What is Sanoma's focus in the education sector?
Sanoma is dedicated to providing innovative learning products and services aimed at maximizing the potential of each child.
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