Ericsson Board To Propose Dividend Of SEK 2.70 Per Share For FY23 At The Annual General Meeting
Portfolio Pulse from Benzinga Newsdesk
Ericsson's Board of Directors has proposed a dividend of SEK 2.70 per share for FY23, the same amount as the previous year, totaling approximately SEK 9.0 billion. The dividend is to be distributed in two equal installments with record dates on April 5, 2024, and October 2, 2024, and corresponding payment dates on April 10, 2024, and October 7, 2024. The proposal takes into account the company's earnings, balance sheet structure, future business plans, and expected economic conditions.
January 23, 2024 | 6:54 am
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Ericsson (ERIC) plans to maintain its dividend at SEK 2.70 per share for FY23, with payments in two parts in April and October 2024. The decision reflects the company's financial health and outlook.
Maintaining a stable dividend often signals a company's confidence in its financial stability and future earnings potential. For investors, consistent dividends can be a sign of a reliable income stream, which might increase the attractiveness of the stock in the short term. However, since the dividend amount remains unchanged from the previous year, the impact may be moderate rather than strongly positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100