Shareholders rewarded

Sandvik is committed to generate maximum shareholder value. On the back of strong financial performance, supported by strong markets and internal efficiency improvements, dividend has increased from 2.50 SEK per share to 4.25 SEK per share, yielding an average of 3%.

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

10-year averages:

  • 68% dividend ratio
  • 3% yield

More about the Sandvik share

DIVIDEND AND YIELD

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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.

Long-term principle for capital allocation

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Well invested – CAPEX to remain at about 4bn SEK annually

  • Previous peaks of 7bn SEK and 5bn SEK in 2008 and 2011 respectively.