Helsinki, Finland, 2014-06-06 15:35 CEST (GLOBE NEWSWIRE) --
Fingrid Oyj
Stock exchange release, 6.6.2014 at 16:35 EET
Fingrid Oyj's Board of Directors has unanimously approved Fingrid Oyj's dividend policy on 6.6.2014.
The purpose of Fingrid's dividend policy is on one hand to ensure that the shareholders receive a reasonable return on their invested capital and on the other hand to maintain the company’s financial position at a level that enables long-term implementation of the strategy and supports operative flexibility.
The guiding principle for Fingrid's dividend policy is to distribute substantially all of the parent company profit as dividend. When making the decision, however, the economic conditions, the company's near term investment and development needs as well as any prevailing financial targets of the company are always taken into account.
For more information:
Jan Montell, Chief Financial Officer, Fingrid Oyj, tel. +358 30 395 5213 or +358 40 592 4419Jukka Ruusunen, President and CEO, Fingrid Oyj, tel. +358 30 395 5140 or +358 40 593 8428