Nordea Bank Abp
Stock exchange release - Other information disclosed according to the rules of the Exchange
16 September 2021 at 14.15 EET
The Board of Directors of Nordea will on 1 October 2021 decide on the distribution of an ordinary dividend in accordance with the mandate received from the Annual General Meeting ("AGM") in 2021.
On 23 July 2021 the European Central Bank communicated that the recommendation to banks to limit dividends will expire on 30 September 2021. Given this the Board of Directors will on 1 October decide on the distribution of an ordinary dividend in accordance with the mandate received from the 2021 AGM. The 2021 AGM authorised the Board to decide on an ordinary dividend of a maximum of EUR 0.72 (EUR 0.33 for 2019 and EUR 0.39 for 2020), to be distributed after September 2021. The record date for such dividend payment would be 5 October 2021 and the earliest payment date would be 12 October 2021.
"We are pleased that Nordea will shortly be allowed to resume paying ordinary dividends. We know that Nordea's shareholders, which include pension funds and more than 500,000 private individuals across the Nordic countries, value consistent and reliable dividend income. The payments that the Board will decide on next month will therefore be of great benefit to our economies and society," says President and Group CEO Frank Vang-Jensen.
Confirmation on the distribution of dividend will be duly communicated upon the decision taken by the Board of Directors.
For further information:
Matti Ahokas, Head of Investor Relations, +358 9 530 080 11
Group Communication, +358 10 416 8023 or [email protected]
The information provided in this stock exchange release was submitted for publication, through the agency of the contact persons set out above, at 14.15 EET on 16 September 2021.
Nordea is a leading Nordic universal bank. We are helping our customers realise their dreams and aspirations - and we have done that for 200 years. We want to make a real difference for our customers and the communities where we operate - by being a strong and personal financial partner. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges. Read more about us on nordea.com.