Stora Enso Declares Additional Dividend Payment
Stora Enso Oyj has made a significant announcement regarding the financial returns for its shareholders. During its recent Annual General Meeting, it was decided that the Board of Directors would be empowered to allocate additional dividends for the fiscal year of 2023. Following this, the Board has now confirmed the payment of a second dividend installment amounting to EUR 0.10 per share.
Details of the Dividend Payment
The decision to initiate this additional dividend payment is part of Stora Enso's ongoing commitment to reward its shareholders. The record date for this dividend payment is set for 13 December of this year, ensuring that all eligible shareholders recorded in the company’s register by this date will receive this dividend. The actual payout will take place on 20 December.
Shareholder Eligibility and Payment Methods
Shares registered through Euroclear Finland Oy or Euroclear Sweden AB are eligible for this dividend. For shareholders in Sweden, the dividends will be issued in Swedish krona through Euroclear Sweden AB. On the other hand, those holding American Depositary Receipts (ADRs) will see their dividends forwarded by Citibank N.A. and disbursed in US dollars.
Previous Dividend Payments
This recent announcement follows the execution of the first dividend installment of EUR 0.10 per share, which was previously paid out on 4 April during the same fiscal cycle. This step reflects Stora Enso's strategic approach to maintaining strong relationships with investors by providing financial returns in the form of dividends, which emphasize their stability and profitability.
Stora Enso’s Role in Sustainable Forestry
As a key player in the global bioeconomy, Stora Enso stands out as a prominent supplier of renewable products, specializing in packaging, biomaterials, and wooden construction. The company boasts a robust portfolio that supports the growing demand for sustainable products in a world increasingly focused on environmental consciousness. With roughly 20,000 employees, Stora Enso’s sales for the year reached an impressive EUR 9.4 billion, showcasing their operational success and market presence.
Commitment to Sustainability
Stora Enso's sustainable practices set an industry standard. By leveraging low-carbon and recyclable fiber-based products, the company actively contributes to reducing carbon footprints and facilitating a circular economy. This commitment aligns closely with modern consumer trends and regulatory expectations concerning sustainability, allowing Stora Enso to flourish amid evolving market conditions.
Contact Information
Stora Enso Oyj remains committed to transparency and accessible communication with its stakeholders. For those seeking further details regarding this announcement or other inquiries, Anna-Lena Åström, the Senior Vice President of Investor Relations, is available for contact at +46 70 210 7691.
Frequently Asked Questions
What is the amount of the dividend announced by Stora Enso?
Stora Enso has announced a dividend payment of EUR 0.10 per share as the second installment for the fiscal year 2023.
When will the dividend be paid?
The dividend is set to be paid on 20 December 2024, provided that you are registered as a shareholder by the record date of 13 December 2024.
Who is eligible to receive the dividend?
Eligible shareholders must be registered in the company's shareholders' register maintained by Euroclear Finland Oy or the separate register of shareholders kept by Euroclear Sweden AB.
How will shareholders in different countries receive their dividends?
Shareholders in Sweden will receive their dividends in Swedish krona, while ADR holders will have their dividends paid in US dollars through Citibank N.A.
What industries does Stora Enso operate in?
Stora Enso operates primarily in the renewable products sector, focusing on packaging, biomaterials, and wooden construction, contributing to sustainable development initiatives.
