The board of directors of H & M Hennes & Mauritz AB is proposing to the 2018 AGM an unchanged cash dividend of SEK 9.75 (9.75) per share
The full-year report for the 2016/2017 financial year communicated that the board of directors intended to investigate the possibility of offering all shareholders an opportunity to reinvest the dividend received in newly issued H&M shares, in what is known as a Dividend Reinvestment Plan (DRIP).
The investigation has shown that the reinvestment plan would be difficult to implement, both from a technical perspective and because of time constraints. Consequently, the board of directors has now decided to instead propose to the annual general meeting on 8 May 2018 that an unchanged dividend of SEK 9.75 (9.75) per share is paid in cash for the financial year 2016/2017. The dividend is to be paid in two instalments – one in the spring and one in the autumn.
The record date proposed for the first payment of SEK 4.90 is 11 May 2018. This would then be paid out on 16 May 2018. The record date proposed for the second dividend payment of SEK 4.85 is 13 November 2018. This would then be paid out on 16 November 2018.
The Board of Directors of H & M Hennes & Mauritz AB
Contact person: Nils Vinge, head of IR, +46 8 796 52 50
The information in this press release is that which H & M Hennes & Mauritz AB (publ) is required to disclose under the EU Market Abuse Regulation (596/2014 /EU). The information was submitted for publication by the abovementioned person at 17:15 CET on 12 February 2018. This press release, along with additional information about H&M, is available at about.hm.com.
H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. H&M’s business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the group includes the brands COS, Monki, Weekday, Cheap Monday, & Other Stories and H&M Home as well as ARKET. The H&M group has 44 online markets and more than 4,700 stores in 69 markets including franchise markets. In 2017, sales including VAT were SEK 232 billion. The number of employees amounts to more than 171,000. For further information, visit about.hm.com.