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 3.2%.

The Board has proposed an ordinary dividend of SEK 4.75 (4.50+2.00) per share to the 2022 Annual General Meeting.

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

10-year averages:

  • 53% dividend ratio
  • 3.2% yield

More about the Sandvik share

Dividend and yield

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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.