Stora Enso’s board of directors has decided on the payment of the second dividend installment

EUR 0.15 per share for the financial year 2019 to be paid

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Stora Enso
Anjala Mill in Finland (Image: Stora Enso)

Stora Enso Oyj’s board of directors has decided that a second dividend installment of EUR 0.15 per share (approximately Rs 13.37) will be distributed based on the balance sheet adopted for the year 2019. The dividend is based on the authorization given by Stora Enso’s annual general meeting of 4 June 2020. The resolution of the board on the distribution of dividend was made considering the impacts of the Covid-19 pandemic on Stora Enso’s business and liquidity.

The second dividend installment will be paid on or about 17 December 2020 to a shareholder who is recorded in the shareholders’ register maintained by Euroclear Finland Oy or in the separate register of shareholders maintained by Euroclear Sweden AB on the record date of the dividend payment, 10 December 2020. The dividend payable for Euroclear Sweden registered shares will be forwarded by Euroclear Sweden AB and paid in Swedish krona. Dividends payable to ADR holders will be forwarded by Citibank NA and paid in US dollars. The ex-dividend date is 9 December 2020.

Stora Enso’s annual general meeting of 4 June 2020 decided on an immediate dividend payment of EUR 0.15. It also authorized the board of directors to decide at a later date, at its discretion, to distribute a total dividend of up to EUR 0.35 per share in one or more installments. Following the dividend payment on 17 December 2020, the total dividend for the financial year 2019 is EUR 0.30 per share.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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