#Finland #Dividend #Shareholders #Helsinki #Stora Enso

Stora Enso Announces Second Dividend Payment for 2024

Stora Enso Oyj, a global leader in renewable products, has recently made headlines with the decision from its Board of Directors to distribute a second dividend installment of €0.10 per share. This announcement follows the company's Annual General Meeting held on March 20, 2024, where the Board was given the authority to decide on additional dividends for the year 2023, up to a maximum of €0.20 per share.

The critical details surrounding this dividend payment are as follows:

• - Record Date: To qualify for the dividend, shareholders must be registered in the company’s shareholder registry by the record date, December 13, 2024.
• - Payment Date: The dividend will be paid out on December 20, 2024.
• - First Dividend Payment: It's worth noting that the first installment of €0.10 was already distributed on April 4, 2024.

For shareholders holding shares registered under Euroclear Sweden, dividends will be forwarded by Euroclear Sweden AB and will be dispensed in Swedish Krona. Meanwhile, holders of American Depositary Receipts (ADRs) will see their dividends processed by Citibank N.A. and issued in US Dollars.

Stora Enso stands at the forefront of the bioeconomy sector, providing renewable solutions across packaging, biomaterials, and wooden constructions. Recognized as one of the largest private forest owners globally, the company's operations are pivotal in promoting sustainability. With approximately 20,000 employees and reported sales reaching €9.4 billion in 2023, Stora Enso reflects a strong commitment to developing low-carbon and recyclable products designed to meet rising demands for environmentally friendly solutions in various industries.

The company’s shares are listed on both Nasdaq Helsinki Oy under the codes STEAV and STERV, as well as on Nasdaq Stockholm AB under STE A and STE R. Furthermore, these shares can also be traded on OTC Markets in the USA, which adds to the accessibility for international investors.

Stora Enso emphasizes its dedication not only to shareholder value through dividends but also to creating long-term sustainable growth by aligning its products and practices with the global push for renewable resources. As it navigates the complexities of the modern economy, the firm’s strategic decisions, such as dividend distributions, reflect a carefully balanced approach to enhancing shareholder confidence while prioritizing sustainable practices and innovation.

In conclusion, this dividend announcement marks a significant development for Stora Enso’s shareholders, demonstrating the Board’s proactive stance in distributing profits amidst an evolving economic landscape. For further inquiries regarding this announcement, investors may contact Anna-Lena Åström, Senior Vice President of Investor Relations, at +46 70 210 7691 for immediate assistance and further information.

For more updates on financial reports and insights from Stora Enso, visit their official investor relations page at storaenso.com/investors.