Stora Enso Oyj Announces Second Dividend Payment for Shareholders in 2024

Stora Enso Oyj's Dividend Decision for 2024

Stora Enso Oyj has taken a significant step in rewarding its shareholders by declaring the payment of an additional dividend. The decision follows the resolution made during the company's Annual General Meeting held on March 20, 2024. The AGM granted the Board of Directors the authority to distribute an extra dividend for the fiscal year of 2023, not exceeding EUR 0.20 per share.

On December 11, 2024, the Board officially approved the distribution of EUR 0.10 per share, as part of the authorized amount. This financial decision is notable for shareholders, as it provides an opportunity for them to reap the benefits of Stora Enso's strong market performance and commitment to shareholder returns.

The dividend will be disbursed to registered shareholders who are on the company’s shareholders register by the record date of December 13, 2024. For these shareholders, the payment is scheduled on December 20, 2024. Notably, the dividend seasoned in euros for Euroclear registered shares will be processed and paid in Swedish krona through Euroclear Sweden AB, whereas dividends for American Depositary Receipts (ADR) will be managed by Citibank N.A. and paid in US dollars. This flexibility allows international investors to receive their returns in their respective currencies.

In the context of shareholder rewards, it’s essential to mention that on April 4, 2024, Stora Enso had already paid the first installment of EUR 0.10 per share, marking a total of EUR 0.20 as dividends distributed across the fiscal year.

Stora Enso is distinguished in the global market as a key player within the renewable products sector, focusing on sustainable materials. The company specializes in producing packaging, biomaterials, and wooden constructions. Stora Enso is also one of the world’s largest private forest management firms, emphasizing low-carbon, recyclable solutions aimed at meeting the increasing demand for eco-friendly products.

The company’s commitment to sustainability is further mirrored in its financial growth, supporting approximately 20,000 employees and generating sales of EUR 9.4 billion in 2023. These figures exemplify Stora Enso’s dedication to not just financial performance, but also environmental responsibility.

Investors interested in Stora Enso can find its shares listed on both Nasdaq Helsinki Oy and Nasdaq Stockholm AB, allowing for a wide-reaching presence across European markets. Additionally, Stora Enso shares are publicly traded under several symbols in the U.S. OTC Markets, including SEOAY, SEOFF, and SEOJF.

In summary, with the recent declaration of a second dividend installment, Stora Enso Oyj once again demonstrates its commitment to rewarding its shareholders while continuing to lead in the eco-friendly product market. Investors should stay updated on further announcements from the company, as its financial strategies reveal a robust approach to integrating sustainability with profitability. For more information, shareholders can contact the company’s SVP of Investor Relations, Anna-Lena Åström, at +46 70 210 7691.