A shareholder who is registered as a shareholder in the company?s shareholder register on the dividend record date determined by the general meeting of shareholders has the right to dividends. The shareholder will be entitled to a dividend if he buys or holds a company share on the date of the shareholders' meeting at the latest.
Dates in the dividend calendar will be specified on the basis of the official information provided by the stock exchange.
The ex-date is usually the day following the general meeting of shareholders. If the buyer purchases a company share after the ex-date, he will not be entitled to a dividend.
The company determines a record date for dividend payment and a dividend payment date in accordance with the rules issued by Finnish Central Securities Depository Ltd. The record date may be the third settlement day at the earliest after the general meeting of shareholders. In practice, most companies adhere to this schedule.
Although companies may choose the dividend payment date, it is usually the fifth banking day following the record date.
The letter 'e' or 'v' that follows the amount of per-share dividend shows whether the dividend is based on the amount proposed (e) by the company or confirmed (v) by the general meeting of shareholders.
Dividend yield, %:
If the dividend amount has not been confirmed (e), the dividend yield is calculated by dividing the latest full calendar year's dividend by the current share price. If the dividend amount has been confirmed (v), the dividend yield is calculated by dividing the dividend by the closing price of the year preceding the payment date.
The year refers to the dividend payment year. The financial year usually refers to the previous calendar year but may differ from the calendar year in terms of not only the first day but also its length.
Dividends paid before 2000 have been translated into euros. If the company has paid extra dividends, they have been added up on an annual basis.
Where necessary, dividends and dividend yields have been adjusted for share issues, splits etc.
For example, Kone Corporation's per-share dividend for 2008 came to of EUR 1.30, based on its dividend information, as against a dividend of EUR 0.65 per share adjusted for capital transactions. This is due to a bonus issue (1:1), i.e. shareholders have received one new share for each old share held. Given that the dividend for 2007 was paid on the basis of the number of shares before the bonus issue, these new shares subscribed in the bonus issue do not entitle their holders to dividends for 2007.