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 for 2016

The Board of Directors has proposed a dividend for financial year 2016 of SEK 1.95 per share to be paid in two installments, firstly SEK 0.65 per share with Thursday, April 6, 2017 as the first record day, secondly SEK 1.30 per share with Friday, October 6, 2017 as the second record day. Assuming the AGM resolves in accordance with the Board of Directors’ proposal, the estimated date for payment of the dividend from Euroclear Sweden AB is Tuesday, April 11, 2017 for the first part of the dividend and Wednesday, October 11, 2017 for the second part.

The last day for trading in Husqvarna shares with a right to the first part of the dividend is Tuesday, April 4, 2017. The last day for trading in Husqvarna shares with a right to the second part of the dividend is Wednesday, October 4, 2017. 

Dividend history
  2012 2013 2014 2) 2015 2016
Dividend per share, SEK 1) 1.50 1.50 1.65 1.65 1.95
Dividend pay-out ratio, % 84 94 115 50 53
Earnings per share, SEK 1) 1.78 1.60 1.43 3.28 3.66
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 2016 as proposed by the Board.
2 Excluding impairment the payout ratio corresponds to 59% of income for the year.