Dividend payout

The Board of Directors of the company has adopted a dividend policy pursuant to which the company aims to distribute a stable and over time increasing dividend with a payout of at least 50 percent of net profit, in total, on a biannual basis.

The Board of Directors of the company estimates annually the balance between dividends to be distributed and funds to be used for Orthex’s growth and based on this assessment, makes a proposal on the amount of dividends to be distributed, which may for any single year differ significantly from the target level set in the dividend policy.

As proposed by the Board of Directors, the Annual General Meeting held on 9 April 2024 decided that for the financial year ended on 31 December 2023 shareholders be paid a dividend of EUR 0.21 per share totalling approximately EUR 3.7 million in two instalments as follows:

YearDistribution of fundsEURDividend ex-dateRecord datePayment date
2023Dividend0.1110 April 202411 April 202418 April 2024
2023Dividend0.101 October 20242 October 20249 October 2024
2022Dividend0.0619 April 202320 April 202327 April 2023
2022Dividend0.0529 September 20232 October 202310 October 2023
2021Capital return0.097 April 20228 April 202221 April 2022
2021Capital return0.0930 September 20223 October 202211 October 2022

The general meeting authorised the Board of Directors to resolve, if necessary, on a new record date and date of payment for the second instalment of the dividend, should the rules of Euroclear Finland Oy or statutes governing the Finnish book-entry system change or otherwise so require.