Sanoma Corporation Announces Important Dividend Details
Sanoma Corporation has recently made significant announcements regarding its dividend schedule for the year. The Board of Directors has confirmed the record and payment dates for the third installment of the 2023 dividend, which will amount to EUR 0.11 per share. This decision highlights the company’s ongoing commitment to providing value to its shareholders.
Key Dates for Shareholders
The record date for this dividend is set for 5 November 2024. Shareholders listed in the company's register, maintained by Euroclear Finland Ltd, will be eligible to receive the dividend. Following the record date, the payment will take place on 12 November 2024, allowing shareholders to benefit from their stakes in the company.
Installments of the 2023 Dividend
Earlier in the year, during the Annual General Meeting, it was resolved that Sanoma would pay a total dividend of EUR 0.37 per share for the 2023 financial year. The payout will be divided into three installments. The first two installments of EUR 0.13 each were paid earlier, on 26 April 2024 and 24 September 2024, respectively. With the upcoming third installment, investors can anticipate a continued return on their investment.
About Sanoma Corporation
Sanoma is not only a leading name in educational and media spaces but also prioritizes sustainability and social impact. The company operates with an innovative mindset, focusing on improving educational outcomes and providing engaging media content. With a presence in twelve European countries and a workforce of over 5,000 professionals, Sanoma has established itself as a significant player in the industry.
Commitment to Education and Sustainability
Sanoma’s learning products are designed to empower teachers and enhance the educational experience for every child, regardless of their background. The company offers a variety of printed and digital learning materials that assist in primary, secondary, and vocational education, demonstrating a firm dedication to developing talent and fostering growth.
Financial Performance Highlights
In 2023, Sanoma reported impressive financial results, with net sales reaching approximately €1.4 billion. The operational EBIT margin, excluding purchase price allocation (PPA), was reported at 12.6%. These figures indicate a robust performance, positioning Sanoma favorably for future growth and sustainability initiatives.
Engaging Media for Future Generations
The media division of Sanoma continues to provide independent journalism and entertaining content that resonates with audiences across generations. By leveraging a unique cross-media platform, the company can deliver tailored marketing solutions to its partners while reaching a vast audience.
Contact Information
For further inquiries regarding investor relations, individuals can reach out to Kaisa Uurasmaa, Head of Investor Relations and Sustainability, at +358 40 560 5601.
Frequently Asked Questions
1. What is the amount of the dividend for Sanoma in 2023?
The total dividend amount for Sanoma in 2023 is EUR 0.37 per share, distributed in three installments.
2. When is the record date for the third dividend payment?
The record date for the third installment of the dividend is 5 November 2024.
3. How much is the third installment of the dividend?
The third installment of the dividend is EUR 0.11 per share.
4. Who should shareholders contact for investor inquiries?
Shareholders can contact Kaisa Uurasmaa, Head of Investor Relations and Sustainability, for inquiries related to investors.
5. How does Sanoma contribute to sustainability?
Sanoma is committed to sustainability by maximizing its positive impact on society and minimizing its environmental footprint, aligning with the UN Sustainable Development Goals.
