Dividend and dividend policy

Dividend policy

It is the intention of the Husqvarna Board of Directors to give shareholders a dividend that reflects a good direct yield as well as dividend growth, and to implement a policy in which the level of the dividend is linked to Husqvarna's earnings, financial position and other factors which the Board considers to be relevant. The annual dividend shall normally exceed 40% of income for the year.


Dividends can be authorized by the Annual General Meeting or an Extraordinary General Meeting. The dividend is normally paid by Euroclear in cash, but may also be non-cash.

Dividend history
  2010 2011 2012 2013 2014 2)
Dividend per share, SEK *) 1.50 1.50 1.50 1.50 1.65
Dividend pay-out ratio, % 49 87 84 94 114
Earnings per share, SEK *) 3.03 1.73 1.78 1.60 1.44
1 Figures for 2006-2008 have been adjusted to reflect the rights issue in 2009. Figures for 2006 have been adjusted for the bonus issue in 2007. The dividend for 2014 as proposed by the Board.
2 Excluding impairment the payout ratio corresponds to 59% of income for the year.