Dividends

AS Tallinna Vesi has defined the Company’s dividend policy to provide investors with increased future clarity. According to the policy, Tallinna Vesi aims to distribute 50-80% of the annual profit as dividends. Dividend payments shall be assessed annually, considering ASTV’s earnings, investment needs, liquidity position and long-term financial objectives.

Dividend pay-out in 2023:

AS Tallinna Vesi’s Supervisory Council approved the Board’s dividend proposal to the general meeting of shareholders to pay the shareholders a dividend of €0.51 per share of the annual profit in 2023. The payout is equal to 80% of the net profit for 2023.

The proposal must be approved at the general meeting of shareholders, which will take place on June 27, 2024.

The shareholders who are natural persons shall receive the dividend as a net amount, from which the income tax has already been withheld in full.

The share capital of the Company consists of 20 million shares.

Dividends for the reporting period are paid out on the year following the reporting period.