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 2022

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 €0.65 per share of the annual profit in 2021. The payout is equal to 80% of the net profit for 2021.

The proposal must be approved at the general meeting of shareholders, which will take place on June 3, 2022.

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 dividend payments of AS Tallinna Vesi by years have been as follows:

	NET PROFIT		DIVIDEND PAID PER A-SHARE		DIVIDEND PAY-OUT RATIO(%)		DIVIDEND PER A-SHARE
	million EEK	thousand EUR	million EEK	thousand EUR			EEK	EUR
2002	146	9 343	45	2 876	31		2.25	0.14
2003	105	6 681	75	4 793	72		3.75	0.24
2004	173	11 054	112	7 158	65		5.6	0.36
2005	174	11 143	157	10 034	90		7.85	0.50
2006	248	15 853	196	12 527	79		9.8	0.63
2007	278	17 757	249	15 914	90		12.45	0.80
2008	296	18 916	230	14 700	78		11.5	0.73
2009	340	21 726	500	31 956	147		25	1.60
2010	257	16 405	250	16 000	97.5		12.5	0.80
2011		21 513		16 800	78.1			0.84
2012		22 599		17 400	77.0			0.87
2013		19 936		18 000	90.3			0.90
2014		17 943		18 000	100.3			0.90
2015		19 858		18 000	90.6			0.90
2016		18 390		10 800	58.7			0.54
2017		7 211		7 201	99.9			0.36
2018		24 150		7 201	29.8%			0.36
2019		27 760		15 000	54.0%			0.75
2020		16 732		20 000	120.0%			1.00
2021		16 165		13 000	80.4%			0.65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*Dividend pay-out ratio = (paid dividends/net profit)*100

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.