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 2017 

The General Meeting decided that no dividend is distributed by a resolution of the AGM and authorised the Board of Directors to decide in its discretion on the distribution of dividend and assets from the invested unrestricted equity fund as follows:

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. The authorisation is valid until the opening of the next AGM. 

Unless the Board of Directors decides otherwise for a justified reason, the authorisation 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.
 

Dividends and equity repayments paid on 31 March 2018 Payment date Record date EUR
Dividend for 2017 29 March 2018 22 March 2018 0.01
Equity repayment Q1 29 March 2018 22 March 2018 0.0225
Remaining Board authorisation for equity repayment Preliminary record date Preliminary payment date 0.0975
Equity repayment Q2 21 June 2018 29 June 2018
Equity repayment Q3 20 September 2018 28 September 2018
Equity repayment Q4 14 December 2018 28 December 2018


The dividend and/or equity repayment based on the 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 of the dividend and/or equity repayment. 

Dividend history

Year Dividend per share, EUR Payment date
2016 0.01 + 0.12 equity repayment 31 March 2017 (EUR 0.0325)
30 June 2017 (EUR 0.0325)
29 September 2017 (EUR 0.0325)
29 December 2017 (EUR 0.0325)
2015 0.01 + 0.14 equity repayment 29 March 2016 (EUR 0.0375)
30 June 2016 (EUR 0.0375)
30 September 2016 (EUR 0.0375)
30 December 2016 (EUR 0.0375)
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 -