Lantmännen updates its dividend policy towards its members
Lantmännen updates its dividend policy towards its members. The change enables a larger share of the profit after tax from the industrial operations to be distributed. The policy forms a framework for the Lantmännen’s Board of Directors to refer to when they make proposals regarding dividends to the Annual General Meeting.
17 October 2023, Sweden: The aim for Lantmännen is to generate an even and stable dividend over time to its members, active Swedish farmers.
The decision means that the dividend can be up to 50 percent of the profit after tax from the industrial operations within Lantmännen, previously this part was around 40 percent. As before, the policy to award 100 percent of the operating profit in the agricultural-related operations to the members remains unchanged.
”Through the adjusted dividend policy, we get an opportunity to distribute a larger share of the results, at the same time we get increased flexibility in order to ensure a long-term, even and stable dividend to Lantmännen’s members. Lantmännen’s dividend has been significant in recent years and has significantly contributed to create value for our members on farm-level. Last spring, at the last general meeting, it was decided to distribute SEK 1,080 million to the members,” says Per Lindahl, Chairman of Lantmännen.
Also Read: International Tractors Limited (ITL) launched 5 new tractor series under the brand Solis
(For Latest Agriculture News & Updates, follow Krishak Jagat on Google News)
