Dividend
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Dividend policy
UPM intends to pay as an annual dividend at least one third of net cash flow from operating activities less operational capital expenditure. To promote stability in dividends, net cash flow will be calculated as an average over a three year period. Remaining funds are to be allocated between growth capital expenditure and debt reduction. (Reviewed on January 8, 2009)
Dividend for THE YEAR 2011
Dividend per share EUR 0.60
Dividend ex-date |
April 2, 2012 |
Dividend record date |
April 4, 2012 |
Payment date |
April 13, 2012 |
ADR payment date |
April 20, 2012 |
Annual General Meeting |
March 30, 2012 |