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
Under the authorization by the Annual General Meeting held on 4 April 2023, the Board of Directors may resolve on the distribution of an aggregate maximum of EUR 0.12 per share to be paid in respect of financial year 2022. The authorization will be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the authorization period, in connection with the quarterly results, unless the Board decides otherwise for a justified reason.
The authorization is valid until the opening of the next Annual General Meeting. The Board will resolve separately 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 confirming the relevant record and payment dates.
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 resolutions
On 20 April 2023, the Board resolved to distribute a dividend of EUR 0.03 per share. The dividend record date is on 25 April 2023 and the dividend will be paid on 4 May 2023. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments.
Following the announced distribution, the Board’s remaining distribution authorization is a maximum of EUR 0.09 per share.
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 |
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 |
* 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)* |
|---|---|---|---|
|
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.