This Company Breaks Sweden’s Dividend Record

In 2021, Volvo set a new record as the truck manufacturer’s general meeting decided to pay the largest dividend ever in the history of the Swedish stock market. Today, Volvo has surpassed that record with a decision to pay a dividend of SEK 7.5 per share and an additional dividend of SEK 10.5 per share. This results in a total distribution of 36.6 billion kroner, equivalent to about 3.2 billion euros, to its shareholders.

The remarkable decision by Volvo’s general meeting marks a significant increase from the previous dividend record set in 2021, also accomplished by Volvo. In recent years, Volvo has consistently reported earnings per share of around 24.5 crowns, and as of today, its closing share price stands at SEK 317.95.

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By Riley Johnson

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