Under the dividend policy adopted by Resurs’ Board of Directors, Resurs will aim to distribute 50 percent of its annual consolidated net profit to the shareholders through dividends and/or repurchase of shares.
If Resurs, as a result of its profits and dividend policy, generates a substantial surplus, it is Resurs’ intention to use such surplus either to finance a higher organic growth rate and or future acquisitions, or to pay out the surplus to its shareholders as dividend. Decisions relating to dividend proposals take into account the company’s future revenue, financial condition, capital requirements, Resurs’ capital targets and general economic and operational circumstances.
The Annual General Meeting held on 28 April 2022 resolved on a dividend of SEK 1.31 per share. Together with the dividend in autumn 2021, this corresponds to a dividend of SEK 4.31 per share. Of the dividend of SEK 4.31, SEK 2.27 per share corresponds to 50% of the 2021 net profit for continuing operations, SEK 0.24 per share corresponds to 50% of the net profit for discontinued operations less listing costs, and SEK 1.80 per share corresponds to the dividend related to 2020.
2019 and 2020
The company is following the regulatory authorities’ recommendations, positions and restrictions for banks and holding companies of banks to pay any dividends. In accordance with the Swedish Financial Supervisory Authority’s statement in December 2020, and after consultation with the Authority, the Board proposes that the Annual General Meeting resolve to pay a dividend corresponding to 25 per cent of the Group’s total net profit for 2019 and 2020.
The proposed dividend amounts to a total of SEK 536 million, corresponding to SEK 2.68 per share. The company’s dividend policy was unchanged, and the remainder of the predicted dividend is intended to be paid in the fourth quarter of 2021 on the condition that the regulatory authorities’ recommendations or positions are not extended or changed. During the period that it is not possible to understand the consequences of the ongoing pandemic, the Board intends to pay 50 per cent of the Group’s net profit in dividends from earnings from 2020.
The Annual General Meeting held on 25 April 2019 resolved on a dividend of SEK 1.95 per share, totalling SEK 390 million. Including the dividend of SEK 1.65 paid on 12 October 2018, the 2018 dividend amounts to SEK 3.60, which amounted to 63 per cent of earnings per share, a total of SEK 720 million. The Resurs share was traded ex rights from 26 April 2019. The record date was 29 April 2019 and the dividend was paid on 3 May 2019.
The Annual General Meeting held on 27 April 2018 resolved on a dividend of SEK 1.80 per share. Including the dividend of SEK 1.50 paid on 3 November 2017, the 2017 dividend amounted to SEK 3.30, representing earnings per share of 61 per cent. The total dividend amounted to SEK 660 million. The Resurs share was traded ex rights from 30 April 2018. The record date was 2 May 2018 and the dividend was paid on 7 May 2018.
The Annual General Meeting held on 28 April 2017 resolved on a dividend of SEK 3.00 per share, representing earnings per share of 66 per cent. The total dividend amounted to SEK 600 million. The Resurs share was traded ex rights from 2 May 2017. The record date was 3 May 2017 and the dividend was paid on 8 May 2017.