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Corporations to break previous dividend payout record

Initial figures show that a number of domestic companies are raising their dividend sums substantially, according to an S Bank survey.

Pörssi Helsinki
Business is booming in OMXH. Image: Jyrki Lyytikkä / Yle

Finnish listed companies are paying out record sums in corporate dividends, according to S Bank.

The exact figure is not yet known as not all companies have disclosed their payout numbers. The previous record of 12.5 billion euros is from 2007.

S Bank in its 79-company survey found that three quarters of the Helsinki Stock Exchange's public corporations involved have improved their turnover enough to make their dividend sums larger than ever before.

Head analyst Kim Goschelnik from corporate bank FIM says that an improving economic outlook will also lead to more money being put into investments in future.

Turnovers grew by an average of 4.2 percent compared with one year previously. Among the record-breaking companies are domestic flyer Finnair, industrial producers Outokumpu and Vaisala, and telecom company DNA.

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