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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 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 is on 3 May 2022 and the dividend will be paid on 12 May 2022. 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, the Board’s remaining distribution authorization is a maximum of EUR 0.06 per share.

Nasdaq Helsinki and Euronext Paris

Preliminary ex-date

Preliminary record date

Preliminary payment date

2 May 2022

3 May 2022

12 May 2022

25 July 2022

26 July 2022

4 August 2022

24 October 2022

25 October 2022

3 November 2022

6 February 2023

7 February 2023

16 February 2023

New York Stock Exchange

Preliminary ex-date

Preliminary record date

Preliminary payment date

2 May 2022

3 May 2022

17 May 2022

25 July 2022

26 July 2022

9 August 2022

24 October 2022

25 October 2022

8 November 2022

6 February 2023

7 February 2023

22 February 2023

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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

Payable date in Finland

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

Payable 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

* The ex-date for shares listed in the New York Stock Exchange is set by the New York Stock Exchange Rules
** Dividend amounts split adjusted. In 2019 a fee of USD 0.25 cents per ADS was deducted from each of the two dividend payments.