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Cargotec Corporation's Board of Directors has in its meeting confirmed the Company's dividend policy. Cargotec's growth targets and the resulting financing needs have been taken into account in determining the dividend policy. According to the dividend policy Cargotec's annual dividend will be 30-50 percent of the Company's net income.
The aim is to further strengthen Cargotec's global market leader position by growing both organically as well as through acquisitions. The Board of Directors states that in addition to profitable growth shareholder value creation will be supported by a competitive dividend policy and possible share buy backs.
For the year 2005 the dividend payout will be determined based on the net income of the Company's first official financial period of June 1-December 31, 2005.
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