Shareholders rewarded

Sandvik is committed to generating maximum shareholder value. On the back of strong financial performance, supported by strong markets and internal efficiency improvements, we have a 10-year-average yield of 3%.

For 2020 the Annual General Meeting approved an ordinary dividend 4.50 SEK per share, and an extra dividend of 2.00 SEK per share, resulting in a pay-out ratio of 75%. During 2020, the Board decided to continue the process of separate listing of Sandvik Materials Technology.

Target a dividend pay-out ratio of 50% of adjusted earnings per share, through the cycle

10-year averages:

  • 66% dividend ratio
  • 3% yield

More about the Sandvik share

Dividend and yield


Long-term principle for capital allocation

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Capital policy
The long-term principle is for capital to be fairly evenly split between dividend, M&A and debt reduction. In the odd year the split may differ, should we for instance make a large acquisition.

Well invested – CAPEX at 4bn SEK annually
Previous peaks of 7bn SEK and 5bn SEK in 2008 and 2011 respectively.