Wärtsilä's target is to pay a dividend of at least 50% of operational earnings over the cycle.
The Board of Directors’ dividend proposal to the Annual General Meeting
The Board of Directors proposes that a dividend of EUR 0.20 per share be paid for the financial year 2020. The parent company’s distributable funds total EUR 974,008,736.28, which includes EUR 264,838,387.72 in net profit for the year. There are 591,723,390 shares with dividend rights. The dividend shall be paid in two instalments.
The first instalment of EUR 0.10 per share shall be paid to the shareholders who are registered in the list of shareholders maintained by Euroclear Finland Oy on the dividend record date of 8 March 2021. The payment day proposed by the Board for this instalment is 15 March 2021.
The second instalment of EUR 0.10 per share shall be paid in September 2021. The second instalment of the dividend shall be paid to shareholders who are registered in the list of shareholders maintained by Euroclear Finland Oy on the dividend record day, which, together with the payment day, shall be decided by the Board of Directors in its meeting scheduled for 9 September 2021. The dividend record day for the second instalment as per the current rules of the Finnish book-entry system would be 13 September 2021 and the dividend payment day 20 September 2021.