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 2015

A dividend of EUR 0.01 per share and an equity repayment of EUR 0.0275 per share (payment date: 29 March 2016).
Furthermore, the Board of Directors has an authorisation to distibute equity return and the amount shall not exceed EUR 0.1125 per share (payment dates: 30 June, 30 September and 30 December 2016*)

Dividend for 2015 EUR/share  Payment dates
Dividend 0.01 29 March 2016
Equity repayment Q1 0.0275 29 March 2016
Equity repayment Q2 0.0375 30 June 2016
Equity repayment Q3 0.0375 30 September 2016
Board's authorisation remaining
for equity repayment Q4
Q4 maximum
0.0375
possible payment date
30 December 2016

*The AGM decided that the Board of Directors be authorised to decide in its discretion on the distribution of assets from the invested unrestricted equity fund. The amount to be distributed based on the authorisation shall not exceed EUR 0.1125 per share. Unless the Board of Directors decides otherwise for a justified reason, the authorisation will be used to distribute equity repayment three times. Following equity repayments of  30 June 2016 and 30 September 2016 the payment date of possible further equity repayment in 2016 will be on 30 December 2016. The equity repayment, based on a resolution of the Board of Directors, will be paid to a shareholder registered in the company’s shareholders’ register maintained by Euroclear Finland Ltd on the record date for the equity repayment. The Board of Directors will decide on the record date in connection with each equity repayment decision. Citycon shall make separate announcements of such Board resolutions. The authorization is valid until the opening of the next Annual General Meeting.

Dividend history

Year Dividend per share, EUR Payment date
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 -