Dividend Information
Tele2 will aim to maintain target leverage of 2.5–3.0x economic net debt/ underlying EBITDAaL and maintain investment grade credit metrics. Tele2’s policy will aim to maintain target leverage by distributing capital to shareholders through:
- An ordinary dividend of at least 80 percent of equity free cash flow; and
- Extraordinary dividends and/or share repurchases, based on remaining equity free cash flow, proceeds from asset sales and releveraging of underlying EBITDAaL growth.
Based on this policy, Tele2 is expected to distribute in excess of 100 percent of equity free cash flow to shareholders, through a combination of dividends and/or share repurchases.
Proposed dividend for 2023 payable in 2024
The Board of Directors of Tele2 are proposing an ordinary dividend of SEK 6.90 per A and B shares to be decided by the 2024 Annual General Meeting on 15 May, 2024, and to be distributed to Tele2’s shareholders in two tranches of SEK 3.45. The proposed record dates are 17 May 2024 for the first tranche and 15 October 2024 for the second tranche. If the Annual General Meeting accepts the Board’s proposal, the first tranche is expected to be paid on 22 May 2024 and the second tranche is expected to be paid on 18 October 2024.
Dividend history
Below table depicts the ordinary cash dividends and other cash distributions to shareholders paid per ordinary share by Tele2 since fiscal year 2013. All amounts in SEK.
| Decision at Annual General Meeting | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fiscal Year | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Dividend Ordinary | 6.801 | 6.752 | 6.003 | 5.504 | 4.405 | 4 | 5,23 | 5,35 | 4,85 | 4,4 |
| Other distribution to shareholders | 13.002 | 3.003 | 3.504 | 6.006 | 10.007 | |||||
| Record date | 17 May 2023 10 Oct 2023 | 2 May 2022 11 Oct 2022 2 May 2022 | 26 April 2021 5 Oct 2021 30 June 2021 | 13 May 2020 2 Oct 2020 | 8 May 2019 2 Oct 2019 26 Aug 2019 | 23 May 2018 | 11 May 2017 | 26 May 2016 | 21 May 2015 | 15 May 2014 |
1 The Board proposed an ordinary dividend of SEK 6.80 per share to be paid in two instalments of SEK 3.40 per share. The record date for the first dividend was decided as May 17, 2023 and the second as October 10, 2023.
2 The Board proposed an ordinary dividend of SEK 6.75 per share to be paid in two instalments of SEK 3.40 and SEK 3.35 per share, and an extraordinary dividend of SEK 13.00. The record date for the ordinary dividend payments was on Monday 2 May 2022 and on Tuesday 11 October 2022. The record date for the extraordinary dividend payment was on Monday 2 May 2022.
3 The Board proposed a dividend of SEK 6.00 per share to be paid in two equal instalments of SEK 3.00 per share each and an extraordinary dividend of SEK 3.00. The record date for the ordinary dividend payments was on Monday 26 April 2021 and on Tuesday 5 October 2021 and record date for the extraordinary dividend payment was on Wednesday 30 June 2021.
4 The Board proposed a dividend of SEK 5.50 per share to be paid in two equal instalments of SEK 2.75 per share each and an extraordinary dividend of SEK 3.50 after the close of Tele2 Croatia. The record date for the first ordinary dividend payment was on Wednesday 13 May 2020 and for the second ordinary and extraordinary dividend payment Wednesday 2 October 2020.
5 The Board proposed a dividend of SEK 4.40 per share to be paid in two equal instalments of SEK 2.20 per share each. The record date for the first dividend payment was on Wednesday 8 May 2019 and for the second dividend payment Wednesday 2 October 2019.
6 Distribution to shareholders via extraordinary dividend of SEK 4.1 billion which was equivalent to a distribution of SEK 6.00 per existing share of Class A and B in Tele2 following the transactions in the Netherlands and Kazakhstan. The record date for the extra ordinary dividend was 26 August 2019.
7 Extra ordinary dividend with the same record date as for the ordinary dividend.