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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 2023

The Board of Directors proposes to the Annual General Meeting, scheduled on 3 April 2024, to be authorized to decide in its discretion on the distribution of an aggregate maximum of EUR 0.13 per share as dividend from the retained earnings and/or as assets from the reserve for invested unrestricted equity.

The authorization will 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 Board would make separate resolutions on the amount and timing of each distribution of the dividend and/or assets from the reserve for invested unrestricted equity so that the preliminary record and payment dates will be as set out below. The Company shall make a separate announcement of each such Board resolution.

Preliminary record date
23 April 2024
23 July 2024
22 October 2024
4 February 2025

Preliminary payment date
3 May 2024
1 August 2024
31 October 2024
13 February 2025

 

Dividend from the financial year 2022

Under the authorization by the Annual General Meeting held on 4 April 2023, the Board of Directors was authorized to resolve on the distribution of an aggregate maximum of EUR 0.12 per share to be paid in respect of financial year 2022.

Following the distribution announced on 25 January 2024, the Board has no remaining distribution authorization.

Nasdaq Helsinki and Euronext Paris

Installment Ex-date Record date Payment date Dividend paid
1st 24 April 2023 25 April 2023 4 May 2023 EUR 0.03
2nd 24 July 2023 25 July 2023 3 August 2023 EUR 0.03
3rd 23 October 2023 24 October 2023 2 November 2023 EUR 0.03
4th 29 January 2024 30 January 2024 8 February 2024 EUR 0.03

 

New York Stock Exchange

Installment Ex-date Record date Payment date Dividend paid*
1st 24 April 2023 25 April 2023 9 May 2023 USD 0.033
2nd 24 July 2023 25 July 2023 8 August 2023 USD 0.033
3rd 23 October 2023 24 October 2023 7 November 2023 USD 0.032
4th 29 January 2024 30 January 2024 13 February 2024 USD 0.032

* Amounts in the table are gross rates before any withhold taxes, tax relief fees, or cash dividend fees.

The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments.

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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)*
30.1.2023 31.1.2023 9.2.2023 0.02 (Quarterly)
24.10.2022 25.10.2022 3.11.2022 0.02 (Quarterly)
25.7.2022 26.7.2022 4.8.2022 0.02 (Quarterly)
2.5.2022 3.5.2022 12.5.2022 0.02 (Quarterly)
2021     (-)
2020     (-)
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

* 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)**
30/1/2023 31/1/2023 14/2/2023 0.022
24/10/2022 25/10/2022 8/11/2022 0.019
25/7/2022 26/7/2022 9/8/2022 0.020
2/5/2022 3/5/2022 17/5/2022 0.021
2021     (-)
2020     (-)
7/29/2019 7/30/2019 8/13/2022 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

** 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.