Citycon's  dividend policy

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.

Citycon´ s dividend  by glance

Total asset distribution authorization
per share from the AGM 2024 (€)

0.30

Dividend return

~7 %

Asset distributions
per year

4

Preliminary quarterly payment per share (€)

0.075

Next payment date

30.9.

Dividend calendar for 2024

Remaining board authorisation for equity repayment for 2024*
 

 

Last trading day with dividend

Ex-date
(trading day without dividend)

Preliminary
record date

Preliminary
payment date

Amount
EUR/share

Equity repayment Q319 September 202420 September 202423 September 202430 September 20240.075
Equity repayment Q418 December
2024
19 December
2024
20 December
2024
31 December
2024
0.075
Total    0.15

*Dates are preliminary.  The Board of Directors will make separate resolutions on each distribution of the equity repayment so that the preliminary record and payment dates for the equity repayment will be as set out above. The company will make separate announcements of each such Board resolution.
 

Paid equity repayments paid in 2024

 Record datePayment dateAmount
EUR/share
Equity repayment Q121 March
2024
28 March
2024
0.075
Equity repayment Q220 June 202428 June 20240.075
Total  0.15

Other useful information 

Iso Omena
Dividend authorisation from the Annual General Meeting 2024

The General Meeting decided in accordance with the proposal of the Board of Directors that based on the balance sheet adopted for the financial period ended on 31 December 2023, no dividend be distributed by a resolution of the General Meeting, and further that the Board of Directors be authorized to decide, in its discretion, on the distribution of assets from the invested unrestricted equity fund in the manner set forth below:

Based on the authorization, the maximum total amount of equity repayment distributed from the invested unrestricted equity fund shall not exceed EUR 0.30 per share. Based on the current total number of issued shares in the company, the authorization would equal to a maximum of EUR 55,168,261.20 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 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 equity repayment so that the preliminary record and payment dates will be as set out below. The company shall make separate announcements of each such Board resolutions. 

Preliminary record datePreliminary payment date
21 March 202428 March 2024
20 June 202428 June 2024
23 September 202430 September 2024
20 December 202431 December 2024


The 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 equity repayment.

Dividend history
Payment yearDividend per share, EURPayment date
20230.5031 March 2023  (EUR 0.1250)
26 June 2023 (EUR 0.1250)
29 September 2023 (EUR 0.1250)
29 December 2023 (EUR 0.1250)
20220.5031 March 2022  (EUR 0.1250)
30 June 2022 (EUR 0.1250)
30 September 2022 (EUR 0.1250)
30 December 2022 (EUR 0.1250)
20210.05 + 0.4531 March 2021  (EUR 0.1250)
30 June 2021 (EUR 0.1250)
30 September 2021 (EUR 0.1250)
30 December 2021 (EUR 0.1250)
20200.05 + 0.487531 March 2020  (EUR 0.1625)
30 June 2020 (EUR 0.1250)
30 September 2020 (EUR 0.1250)
30 December 2020 (EUR 0.1250)
20190.05 + 0.60 equity repayment29 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) 
20180.01 + 0.12 equity repayment29 March 2018 (EUR 0.0325)
29 June 2018 (EUR 0.0325)
28 September 2018 (EUR 0.0325)
28 December 2018 (EUR 0.0325)
20170.01 + 0.12 equity repayment31 March 2017 (EUR 0.0325)
30 June 2017 (EUR 0.0325)
29 September 2017 (EUR 0.0325)
29 December 2017 (EUR 0.0325)
20160.01 + 0.14 equity repayment29 March 2016 (EUR 0.0375)
30 June 2016 (EUR 0.0375)
30 September 2016 (EUR 0.0375)
30 December 2016 (EUR 0.0375)
20150.15 equity repayment30 March 2015
20140.03 + 0.12 equity repayment31 March 2014
20130.04 + 0.11 equity repayment4 April 2013
20120.04 + 0.11 equity repayment4 April 2012
20110.04 + 0.10 equity repayment8 April 2011
20100.04 + 0.10 equity repayment7 April 2010
20090.04 + 0.10 equity repayment3 April 2009
20080.04 + 0.10 equity repayment2 April 2008
20070.1423 March 2007
20060.1424 March 2006
20050.1415 April 2005
20040.1425 March 2004
20030.091 April 2003
20020.0810 April 2002
20010.0810 April 2001
20000.0711 April 2000
19990.069 April 1999
19980.00-
19970.00-
19960.00-