Cargotec’s class B share is listed on the Nasdaq Helsinki stock exchange. The number of B shares is 55,182,079 and the number of unlisted A shares is 9,526,089.
Please find more information on the share price development and other relevant topics below.
Cargotec Corporation’s Board of Directors has confirmed the company’s dividend policy.
Cargotec’s target for the dividend: Increasing dividend in the range of 30-50% of EPS, dividend paid twice a year.
In dividend distribution, class B shares earn a higher dividend than class A shares. The difference between dividends paid on the two classes of shares is a minimum of one (1) cent and a maximum of two and a half (2.5) cents.
On 23 March 2021, the Annual General Meeting approved a distribution of a dividend of EUR 1.07 for each of class A shares and a dividend of EUR 1.08 for each of outstanding class B shares. The dividend shall be paid to shareholders who on the record date of dividend distribution, 25 March 2021, are registered as shareholders in the company's shareholder register. The dividend payment day is 1 April 2021.
On 27 May 2020, the Annual General Meeting decided on the distribution of dividends by paying the dividend in two instalments, the first instalment being paid directly based on the decision of the Annual General Meeting and the second instalment based on a possible decision of the Board. The first instalment of the dividend distribution is a dividend of EUR 0,59 for each of class A shares and a dividend of EUR 0,60 for each of class B shares outstanding. The dividend shall be paid to shareholders who on the record date of dividend distribution, 29 May 2020, are registered as shareholders in the company's shareholder register. The dividend will be paid on 5 June 2020.
On 25 August 2020, Cargotec's Board of Directors decided on the second instalment of the dividend based on the authorisation granted to the Board by the Annual General Meeting. The second instalment of the dividend distribution is a dividend of EUR 0.60 for each of class A shares and a dividend of EUR 0.60 for each of class B shares outstanding. The second instalment of the dividend will be paid to shareholders who are registered in the shareholders' register maintained by Euroclear Finland Ltd on the record date 27 August 2020. The payment date is 3 September 2020.
Based on the resolution of the Annual General Meeting and the 25 August 2020 decision by the Board of Directors, the total aggregate dividend for the financial year 2019 is EUR 1.19 for each of class A shares and EUR 1.20 for each of class B shares outstanding.
|Dividend, A share, EUR||1.19||1.09||1.04||0.94||0.79||0.54||0.41|
|Dividend, B share, EUR||1.20||1.10||1.05||0.95||0.80||0.55||0.42|
|Earnings per share, EUR||1.39||1.66||2.05||1.95||2.21||1.11||0.89|
|Dividend/EPS, % (B share)||86.4||66.4||51.1||48.7||36.1||49.6||47.1|