The Board of Directors of Stora Enso Oyj has decided on the payment of the second dividend instalment of EUR 0.10 per share (Inside information)

Rhea-AI Summary

Stora Enso has announced the payment of its second dividend instalment of EUR 0.10 per share for 2023, following the authorization granted by the Annual General Meeting on March 20, 2024. The record date is set for December 13, 2024, with payment scheduled for December 20, 2024. This follows the first dividend instalment of EUR 0.10 paid on April 4, 2024.

The company, a leading provider of renewable products with sales of EUR 9.4 billion in 2023, will process payments through Euroclear Finland Oy and Euroclear Sweden AB. Shareholders registered in Sweden will receive payments in Swedish krona, while ADR holders will receive payments in US dollars through Citibank N.A.

Positive

• Total dividend of EUR 0.20 per share for 2023
• Consistent dividend payment schedule maintained
• Strong market presence with EUR 9.4 billion in sales (2023)

Negative

• None.

STORA ENSO OYJ INSIDE INFORMATION 11 December 2024 at 12:30 EET

HELSINKI, Dec. 11, 2024 /PRNewswire/ -- Stora Enso's Annual General Meeting on 20 March 2024 resolved that the Board of Directors is authorised to decide on the payment of an additional dividend for the year 2023 up to a maximum of EUR 0.20 per share. The Board of Directors has decided today, 11 December, to distribute an additional dividend of EUR 0.10 per share with the authorisations granted by the Annual General Meeting.

The dividend will be paid to a shareholder who, on the record date for the dividend payment, 13 December 2024, is registered in the company's shareholders' register maintained by Euroclear Finland Oy or in the separate register of shareholders maintained by Euroclear Sweden AB. The dividend will be paid on 20 December 2024.

According to the AGM's resolution, the first dividend instalment of EUR 0.10 per share was paid on 4 April 2024.

Dividends payable for Euroclear Sweden registered shares will be forwarded by Euroclear Sweden AB and paid in Swedish krona. Dividends payable to the ADR holders will be forwarded by Citibank N.A. and paid in US dollars.

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. We create value with our low-carbon and recyclable fiber-based products, through which we support our customers in meeting the demand for renewable sustainable products. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors  

STORA ENSO OYJ

For further information, please contact:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691 

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SOURCE Stora Enso Oyj

FAQ

When will Stora Enso (SEOAY) pay its second dividend instalment for 2023?

Stora Enso will pay its second dividend instalment of EUR 0.10 per share on December 20, 2024.

What is the total dividend amount for Stora Enso (SEOAY) in 2023?

The total dividend for 2023 is EUR 0.20 per share, paid in two instalments of EUR 0.10 each.

What is the record date for Stora Enso's (SEOAY) second dividend payment?

The record date for the second dividend payment is December 13, 2024.

When was Stora Enso's (SEOAY) first dividend instalment paid for 2023?

The first dividend instalment of EUR 0.10 per share was paid on April 4, 2024.

How will international shareholders receive their Stora Enso (SEOAY) dividend?

Swedish shareholders will receive payments in Swedish krona through Euroclear Sweden AB, while ADR holders will receive payments in US dollars through Citibank N.A.