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 2019 (payable in 2020)


The General Meeting decided that no dividend is distributed by a resolution of the Annual General Meeting and authorized 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 authorization, the maximum total amount of dividend to be distributed shall not exceed EUR 8,899,926.25 and the maximum total amount of equity repayment distributed from the invested unrestricted equity fund shall not exceed EUR 106,799,115.00. The authorization would equal to a maximum of approximately EUR 0.05 per share in dividend and a maximum of approximately EUR 0.60 per share in equity repayment. The authorization is valid until the opening of the next Annual General Meeting.

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 authorization. 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 resolutions.

Preliminary payment date

Preliminary record date

31 March 2020

19 March 2020

30 June 2020

22 June 2020

30 September 2020

23 September 2020

30 December 2020

18 December 2020

 

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
2018 0.05 + 0.60 equity repayment 29 March 2019 (EUR 0.1625)
28 June 2019 (EUR 0.1625)
30 September 2019 (EUR 0.1625)
30 December 2019 (EUR 0.1625)
Reverse share split (5:1)
2017 0.01 + 0.12 equity repayment 29 March 2018 (EUR 0.0325)
29 June 2018 (EUR 0.0325)
28 September 2018 (EUR 0.0325)
28 December 2018 (EUR 0.0325)
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 -