Rottneros Board raises the proposed dividend for 2015
The Board of Rottneros AB (publ) has decided to increase the dividend proposal and propose to the Annual General Meeting a dividend of 0,30 SEK per share and an extra dividend of 0,20 SEK per share, i.e. a total dividend of 0,50 SEK per share.
The Board has previously proposed an ordinary dividend of 0,30 SEK per share, announced in the year-end report for 2015, published February 12, 2016, and in the profit allocation proposal in the Annual Report for 2015, published March 21, 2016.
The background of the increased proposal is the positive development of the Group during the past two years, resulting in a very strong balance sheet with a high equity ratio. At the end of 2015, the company was debt-free with a large liquidity reserve and the equity ratio was 77 percent. The proposed extra dividend improves Rottneros’ current and future financing and capital structure and the rate of return on capital employed will increase. The Board's long-term objective is to transform the company's financial structure through increased borrowing.
The Board believes that the Group's very strong financial position enables continued investments and expansion of the operations and that the increased dividend therefore is defensible.
Decision regarding dividend will be made at the Annual General Meeting May 20, 2016.
For further information, please contact:
Rune Ingvarsson, Chairman of the Board of Rottneros AB (publ), +46 70 288 79 76 Per Lundeen, President and CEO of Rottneros AB (publ), +46 70 518 33 47
Rottneros discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The Information was submitted for publication on 19 April 2016 at 08:30 CET.