Dividend


Citycon's objective is to maintain a strong and competitive dividend payment capability. Citycon's current dividend distribution policy is to pay out more than 50% of the result for the period excluding fair value changes on property.

Dividend for 2016 

The Annual General Meeting 2017 authorised the Board of Directors to decide in its discretion on the distribution of dividend and assets from the invested unrestricted equity fund. Based on the authorisation the maximum amount of dividend to be distributed shall not exceed EUR 0.01 per share and the maximum amount of equity repayment distributed from the invested unrestricted equity fund shall not exceed EUR 0.12 per share. Unless the Board of Directors decides otherwise for a justified reason, the authorization will be used to distribute dividend and/or equity repayment four times during the period of validity of the authorisation. In this case, the Board of Directors will make separate resolutions on each distribution of the dividend and/or equity repayment so that the preliminary record and payment dates will be as stated below. Citycon shall make separate announcements of such Board resolutions. 

Paid dividends and equity repayments  Record date Payment date EUR/share
Dividend for 2016 24 March 2017 31 March 2017 0.01
Equity repayment Q1 24 March 2017 31 March 2017 0.0225
Remaining Board's authorisation for equity repayment Preliminary record date Preliminary payment date 0.0975
Equity repayment Q2 22 June 2017 30 June 2017
Equity repayment Q3 22 September 2017 29 September 2017
Equity repayment Q4 14 December 2017 29 December 2017



Dividend history

Year Dividend per share, EUR Payment date
2015 0.01 + 0.14 equity repayment 29 March 2016,
30 June 2016
30 September 2016
30 December 2016
2014 0.15 equity repayment 30 March 2015
2013 0.03 + 0.12 equity repayment 31 March 2014
2012 0.04 + 0.11 equity repayment 4 April 2013
2011 0.04 + 0.11 equity repayment 4 April 2012
2010 0.04 + 0.10 equity repayment 8 April 2011
2009 0.04 + 0.10 equity repayment 7 April 2010
2008 0.04 + 0.10 equity repayment 3 April 2009
2007 0.04 + 0.10 equity repayment 2 April 2008
2006 0.14 23 March 2007
2005 0.14 24 March 2006
2004 0.14 15 April 2005
2003 0.14 25 March 2004
2002 0.09 1 April 2003
2001 0.08 10 April 2002
2000 0.08 10 April 2001
1999 0.07 11 April 2000
1998 0.06 9 April 1999
1997 0.00 -
1996 0.00 -
1995 0.00 -