Nordic companies in the portfolio, Dividend Proposals, Week 6, 2018

The reporting period is in full swing and the Nordic companies in my portfolio will continue to publish their year-end report and dividend proposals. Here is a brief summary of week 6 announcements and their impact on my dividend income.

Neste Corporation:

The Board of Directors will propose to the Annual General Meeting that Neste Corporation pays a cash dividend of EUR 1.70 per share (1.30) for 2017. The Board of Directors will also propose that the annual dividend shall be paid in two installments. The first installment of dividend, EUR 0.85 per share, would be paid to shareholders registered in the shareholders’ register of the record date for the first dividend installment, which shall be Monday, 9 April 2018. The Board proposes to the AGM that the first dividend installment would be paid on Monday, 16 April 2018. The second installment of dividend, EUR 0.85 per share, would be paid to shareholders registered in the shareholders’ register on the record date for the second dividend installment, which shall be Wednesday, 10 October 2018. The Board proposes to the AGM that the second dividend installment would be paid on Wednesday, 17 October 2018. The Board of Directors is authorized to set a new dividend record date and payment date for the second installment of the dividend, in case the rules and regulations on the Finnish book-entry system would be changed, or otherwise so require.

According to the Friday's share price at close € 57.76, the current dividend yield is 2.94 %.

Dividend increase by 30.77%, my net dividend income will increase by € 119.20 ($ 145.97).

Sampo plc: 

The Board proposes to the Annual General Meeting a dividend of EUR 2.60 (2.30) per share to company's 555,351,850 shares. The dividends to be paid are EUR 1,443,914,810.00 in total. Rest of funds are left in the equity capital. The dividend will be paid to shareholders registered in the Register of Shareholders held by Euroclear Finland Ltd as at the record date of 23 April 2018. The Board proposes that the dividend be paid on 3 May 2018.

According to the Friday's share price at close € 45.44, the current dividend yield is 5.72 %.

Dividend increase by 13.04%, my net dividend income will increase by € 26.82 ($ 32.84).

Orion Corporation:

The Board of Directors proposes payment of a dividend of EUR 1.45 per share (2016: EUR 1.55 including centenary year extra EUR 0.20 special dividend). The dividend payment date would be 29 March 2018, and shareholders registered in the Company's shareholder register on 22 March 2018 would be entitled to the dividend payment.

According to the Friday's share price at close € 26.54, the current dividend yield is 5.46 %.

Dividend increase by 7.41%, my net dividend income will increase by € 22.35 ($ 27.37).

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You can follow the development of my dividends here.

Full Disclosure: Long NESTE.HE, SAMPO.HE, ORNVB.HE

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