UPM aims to pay an attractive dividend, 30-40% of the company’s annual operating cash flow per share.
Dividend policy
Dividend for the year 2019
Dividend per share EUR 1.30
| Dividend ex-date | April 1, 2020 |
| Dividend record date | April 2, 2020 |
| Payment date | April 16, 2020 |
| Annual General Meeting | March 31, 2020 |
Dividend history
| Dividend for year | Dividend / share, € | Record date | Payment date |
|---|---|---|---|
| 2019 | 1,30 | April 2, 2020 | April 16, 2020 |
| 2018 | 1,30 | April 8, 2019 | April 17, 2019 |
| 2017 | 1,15 | April 9, 2018 | April 19, 2018 |
| 2016 | 0,95 | March 31, 2017 | April 12, 2017 |
| 2015 | 0,75 | April 11, 2016 | April 21, 2016 |
| 2014 | 0,70 | April 13, 2015 | April 23, 2015 |
| 2013 | 0,60 | April 11, 2014 | April 24,2014 |
| 2012 | 0,60 | April 9, 2013 | April 19, 2013 |
| 2011 | 0,60 | April 4, 2012 | April 13, 2012 |
| 2010 | 0,55 | April 12, 2011 | April 20, 2011 |
| 2009 | 0,45 | March 25, 2010 | April 7, 2010 |
| 2008 | 0,40 | March 30, 2009 | April 8, 2009 |
| 2007 | 0,75 | March 31, 2008 | April 10, 2008 |
| 2006 | 0,75 | March 30, 2007 | April 10, 2007 |
| 2005 | 0,75 | March 27, 2006 | April 4, 2006 |
| 2004 | 0,75 | April 5, 2005 | April 12, 2005 |
| 2003 | 0,75 | March 29, 2004 | April 5, 2004 |
| 2002 | 0,75 [1] | March 24, 2003 | April 1, 2003 |
| 2001 | 0,75 [1] | March 22, 2002 | April 3, 2002 |
| 2000 | 0,75 [1] | March 27, 2001 | April 3, 2001 |
| 1999 | 1,08 [1],[2] | March 21, 2000 | March 31, 2000 |
| 1998 | 0,55 [1] | March 24, 1999 | April 1, 1999 |
| 1997 | 0,46 [1] | March 30, 1998 | April 3, 1998 |
| 1996 | 0,38 [1] | April 15, 1997 | May 6, 1997 |
[1] dividend is adjusted with bonus issue
[2] includes extra dividend of 45 cents (record date June 14, 2000)
