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.

Proposed dividend 2015

The Board of Directors proposes a dividend for 2015 of SEK 1.65 (1.65) per share, corresponding to a total dividend payment of SEK 945m (945) based on the number of outstanding shares at the end of 2015. 

It is also proposed that the dividend is to be paid in two installments in order to better match the Group's cash flow profile. The first payment of SEK 0.55 per share in April and the second payment of SEK 1.10 per share in October. 

The proposed record dates are April 8, 2016 for the first payment and October 10, 2016, for the second payment.


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.