Dividends
Dividend policy
Hiab Corporation’s Board of Directors has confirmed the company’s dividend policy. Hiab’s target for the dividend: growing dividend in the range of 30–50 percent of EPS.
Dividend distribution
In dividend distribution, class B shares earn a higher dividend than class A shares. The difference between dividends paid on the two classes of shares is a minimum of one (1) cent and a maximum of two and a half (2.5) cents.
Dividend 2024
On 26 March 2025, The Annual General Meeting approved a distribution of a dividend of EUR 1.19 per each class A share and a dividend of EUR 1.20 per each outstanding class B share be paid for the financial period ended 31 December 2024. The dividend shall be paid to a shareholder who on the record date of the dividend payment, 28 March 2025, is registered in the company’s shareholder register. The dividend payment day is 4 April 2025.
The Annual General Meeting also authorised the Board of Directors to decide on an additional dividend in the amount of EUR 1.56 per each class A share and EUR 1.57 per each outstanding class B share. The payment of the additional dividend is subject to the closing of the sale of MacGregor business as announced by the company on 14 November 2024. The company will separately publish resolutions of the Board of Directors on the dividend payment and confirm the record and payment dates in connection with such resolutions.
Dividend tool
Authorisations
Hiab's Board of Directors has been authorised by the Annual General Meeting in 2025 as follows:
Repurchasing of own shares
The Annual General Meeting of 26 March 2025 authorised the Board of Directors to decide on the repurchase and/or on the acceptance as pledge of Hiab's shares with non-restricted equity. Altogether no more than 6,400,000 shares in the company may be purchased and/or accepted as pledge, of which no more than 952,000 are class A shares and 5,448,000 are class B shares. This authorisation shall remain in effect for a period of 18 months from the resolution by the general meeting and it will supersede the previous one.
Issuance of shares as well as issuance of options and other special rights entitling to shares
The Annual General Meeting of 26 March 2025 authorised the Board of Directors to decide on the issuance of shares as well as the issuance of options and other special rights entitling to shares referred to in chapter 10 section 1 of the Limited Liability Companies Act. The authorisation shall remain in effect for a period of 18 months following the date of decision of the Annual General Meeting and it will supersede the previous one.
Share buy backs and issues
No share buy backs or share issues have been announced in 2025.
At the end of March 2025, Hiab held 784,050 own class B shares.