Dividend
Dividend policy
We target recurring, stable and over time growing ordinary dividend payments, taking into account the previous year’s earnings as well as the company’s financial position and business outlook.
Dividend from the financial year 2022
The Board proposes to the Annual General Meeting to be authorized to decide in its discretion on the distribution of an aggregate maximum of EUR 0.12 per share as dividend from the retained earnings and/or as assets from the reserve for invested unrestricted equity. The authorization would be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the period of validity of the authorization unless the Board of Directors decides otherwise for a justified reason. The proposed total authorization for asset distribution is in line with the Company’s dividend policy. The authorization would be valid until the opening of the next Annual General Meeting.
Preliminary record date
25 April 2023
25 July 2023
24 October 2023
30 January 2024
Preliminary payment date
4 May 2023
3 August 2023
2 November 2023
8 February 2024
Dividend from the financial year 2021
The Annual General Meeting decided on 5 April 2022 that no dividend is distributed by a resolution of the Annual General Meeting and authorized the Board of Directors to resolve in its discretion on the distribution of an aggregate maximum of EUR 0.08 per share as dividend from the retained earnings and/or as assets from the invested unrestricted equity fund (equity repayment).
The authorization is valid until the opening of the next Annual General Meeting and it can be used to distribute assets in four installments during the validity of the authorization, unless the Board decides otherwise for a justified reason. The Board will make separate resolutions on the amount and timing of each such asset distribution with preliminary record and payment dates as set out below. The Company announces each such Board resolution separately confirming the relevant record and payment dates.
Dividend resolutions
On 28 April 2022, the Board resolved to distribute a dividend of EUR 0.02 per share. The dividend record date was on 3 May 2022 and the dividend was paid on 12 May 2022.
On 21 July 2022, the Board resolved to distribute a dividend of EUR 0.02 per share. The dividend record date was on 26 July 2022 and the dividend was paid on 4 August 2022.
On 20 October 2022, the Board resolved to distribute a dividend of EUR 0.02 per share. The dividend record date is on 25 October 2022 and the dividend was paid on 3 November 2022.
On 26 January 2023, the Board resolved to distribute a dividend of EUR 0.02 per share. The dividend record date is on 31 January 2023 and the dividend will be paid on 9 February 2023. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments.
Following this announced distribution of the fourth installment and executed payments of the previous installments, the Board has no remaining distribution authorization.
Nasdaq Helsinki and Euronext Paris
|
Ex-date |
Record date |
Payment date |
Dividend paid |
|---|---|---|---|
|
2 May 2022 |
3 May 2022 |
12 May 2022 |
EUR 0.02 |
|
25 July 2022 |
26 July 2022 |
4 August 2022 |
EUR 0.02 |
|
24 October 2022 |
25 October 2022 |
3 November 2022 |
EUR 0.02 |
|
30 January 2023 |
31 January 2023 |
9 February 2023 |
EUR 0.02 |
New York Stock Exchange
|
Ex-date |
Record date |
Payment date |
Dividend paid* |
|---|---|---|---|
|
2 May 2022 |
3 May 2022 |
17 May 2022 |
USD 0.021 |
|
25 July 2022 |
26 July 2022 |
9 August 2022 |
USD 0.020 |
|
24 October 2022 |
25 October 2022 |
8 November 2022 |
USD 0.019 |
|
30 January 2023 |
31 January 2023 |
14 February 2023 |
TBC |
* Amounts in the table are gross rates before any withhold taxes, tax relief fees, or cash dividend fees.
Withholding taxation of dividends in Finland concerning nominee registered shares
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The OECD Treaty Relief and Compliance Enhancement (“TRACE”) procedure must be applied to dividends paid by Finnish publicly listed companies to nominee-registered shares, the beneficiaries of which are non-resident taxpayers. Accordingly, a withholding tax of 35%, as a starting point, must be applied to dividend payments made on nominee registered shares as of 1.1.2021.
A lower withholding tax rate can be applied, if custodian is registered with the Tax Administration’s Register of Authorised Intermediaries and has advised of lower withholding based on the required additional information collected by them.
Any tax withheld in excess can be reclaimed after the year of the dividend payment by submitting a refund application to the Finnish Tax Administration. Please find further instructions and forms for applying tax refunds available on the website of the Finnish Tax Administration, either on paper (form for corporate entities here, and for individuals here), or electronically.
You may also be able to receive a refund already during the year of dividend payment via your custodian if registered as Authorized Intermediary. Please contact your custodian for further information.
Please note that Nokia does not process withholding tax reclaims.
Additional information on withholding tax reclaims can be obtained from the Tax Administration by e-mail whtreclaims@vero.fi (for corporations only); or via the Tax Administration general telephone and chat helplines (for both individuals and corporations).
Dividend history
Helsinki Stock Exchange
|
Ex-date |
Record Date |
Payment date |
Amount (EUR)* |
|---|---|---|---|
|
29.7.2019 |
30.7.2019 |
8.8.2019 |
0.05 (Quarterly) |
|
22.5.2019 |
23.5.2019 |
6.6.2019 |
0.05 (Quarterly) |
|
31.5.2018 |
1.6.2018 |
13.6.2018 |
0.19 |
|
24.5.2017 |
26.5.2017 |
9.6.2017 |
0.17 |
|
17.6.2016 |
20.6.2016 |
5.7.2016 |
0.26 |
|
6.5.2015 |
7.5.2015 |
21.5.2015 |
0.14 |
|
18.6.2014 |
23.6.2014 |
3.7.2014 |
0.37 |
|
2013 |
|
|
(-) |
|
4.5.2012 |
8.5.2012 |
23.5.2012 |
0.20 |
|
4.5.2011 |
6.5.2011 |
20.5.2011 |
0.40 |
|
7.5.2010 |
11.5.2010 |
25.5.2010 |
0.40 |
|
24.4.2009 |
28.4.2009 |
13.5.2009 |
0.40 |
|
9.5.2008 |
13.5.2008 |
27.5.2008 |
0.53 |
|
4.5.2007 |
8.5.2007 |
24.5.2007 |
0.43 |
|
31.3.2006 |
4.4.2006 |
21.4.2006 |
0.37 |
|
8.4.2005 |
12.4.2005 |
22.4.2005 |
0.33 |
|
26.3.2004 |
30.3.2004 |
16.4.2004 |
0.30 |
|
28.3.2003 |
1.4.2003 |
16.4.2003 |
0.28 |
|
22.3.2002 |
26.3.2002 |
9.4.2002 |
0.27 |
|
22.3.2001 |
26.3.2001 |
3.4.2001 |
0.28 |
|
23.3.2000 |
27.3.2000 |
4.4.2000 |
0.20 |
|
18.3.1999 |
22.3.1999 |
30.3.1999 |
0.121 |
|
25.3.1998 |
27.3.1998 |
3.5.1998 |
0.079 |
|
26.3.1997 |
2.4.1997 |
7.4.1997 |
0.037 |
|
3.4.1996 |
9.4.1996 |
16.4.1996 |
0.032 |
|
31.3.1995 |
5.4.1995 |
10.4.1995 |
0.026 |
|
18.4.1994 |
13.4.1994 |
18.4.1994 |
0.007 |
|
19.4.1993 |
7.4.1993 |
19.4.1993 |
0.005 |
|
3.4.1992 |
3.4.1992 |
3.4.1992 |
0.005 |
|
5.4.1991 |
5.4.1991 |
5.4.1991 |
0.007 |
|
3.4.1990 |
3.4.1990 |
3.4.1990 |
0.007 |
|
5.4.1989 |
5.4.1989 |
5.4.1989 |
0.008 |
* Dividend amounts split adjusted and converted, as applicable, into Euros by using fixed exchange rate 1 Euro = 5.94573 FIM
New York Stock Exchange
|
US ex-date |
Record Date |
Payment date |
Amount (USD)** |
|---|---|---|---|
|
7/29/2019 |
7/30/2019 |
8/13/2019 |
0.056 (Quarterly) |
|
5/22/2019 |
5/23/2019 |
6/11/2019 |
0.056 (Quarterly) |
|
5/31/2018 |
6/1/2018 |
6/18/2018 |
0.220 |
|
5/23/2017 |
5/26/2017 |
6/14/2017 |
0.190 |
|
6/16/2016 |
6/20/2016 |
7/12/2016 |
0.290 |
|
5/5/2015 |
5/7/2015 |
5/27/2015 |
0.159 |
|
6/18/2014 |
6/23/2014 |
7/9/2014 |
0.500 |
|
2013 |
|
|
(-) |
|
5/4/2012 |
5/8/2012 |
5/29/2012 |
0.255 |
|
5/4/2011 |
5/6/2011 |
5/20/2011 |
0.567 |
|
5/7/2010 |
5/11/2010 |
5/28/2010 |
0.488 |
|
4/24/2009 |
4/28/2009 |
5/18/2009 |
0.540 |
|
5/9/2008 |
5/13/2008 |
5/30/2008 |
0.834 |
|
5/4/2007 |
5/8/2007 |
5/30/2007 |
0.580 |
|
3/31/2006 |
4/4/2006 |
4/26/2006 |
0.456 |
|
4/8/2005 |
4/12/2005 |
4/29/2005 |
0.430 |
|
3/26/2004 |
3/30/2004 |
4/23/2004 |
0.358 |
|
3/28/2003 |
4/1/2003 |
4/23/2003 |
0.304 |
|
3/22/2002 |
3/26/2002 |
4/16/2002 |
0.237 |
|
3/22/2001 |
3/26/2001 |
4/10/2001 |
0.248 |
|
3/23/2000 |
3/27/2000 |
4/10/2000 |
0.192 |
|
3/18/1999 |
3/22/1999 |
4/7/1999 |
0.129 |
|
3/25/1998 |
3/27/1998 |
4/10/1998 |
0.083 |
|
3/27/1997 |
4/1/1997 |
4/15/1997 |
0.043 |
|
4/4/1996 |
4/9/1996 |
4/23/1996 |
0.040 |
|
3/30/1995 |
4/5/1995 |
4/17/1995 |
0.036 |
** Amounts in the table are gross rates before any withhold taxes, tax relief fees, or cash dividend fees. All the amounts are also adjusted for stock splits.