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 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.
The second instalment of the dividend is paid on the basis of a possible decision of the Board of Directors, i.e. that the Annual General Meeting authorise the Board of Directors to decide on the payment of the second instalment. The second instalment may not exceed EUR 0.60 for each class A share and EUR 0.60 for each class B share outstanding. Based on the authorisation, the Board of Directors is allowed to decide on the amount of the second instalment of dividend distribution within the above-mentioned maximum amounts, the record and the payment date of dividend distribution and other measures required by the matter. On the basis of the authorisation, the second instalment of the dividend distribution that may be paid will be paid to shareholders who are registered in the company's shareholder register on the record date of the dividend payment. The company announces the Board's possible decision on dividend distribution and the record and payment dates of the second instalment of dividend distribution. The authorisation is valid until the beginning of the next Annual General Meeting.
If the Board of Directors makes full use of the authorisation for the second instalment of the proposed dividend distribution, a total dividend of EUR 1.19 will be paid for each class A share and EUR 1.20 for each class B share 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|