This Company Breaks Sweden’s Dividend Record

Volvo recently announced that it has 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. The decision was made to distribute 36.6 billion kroner, equivalent to about 3.2 billion euros, to its shareholders.

In the previous year, Volvo reported earnings per share of 24.5 crowns, and as of recently, Volvo’s closing share price stood at SEK 317.95. This remarkable decision by Volvo’s general meeting marks a significant increase from the previous dividend record set in 2021, also accomplished by Volvo, where the company distributed 30.5 billion kroner to its shareholders.

This news is likely to be well-received by investors and shareholders alike as it reflects positively on Volvo’s financial health and stability. The dividend payment is scheduled for April 5th, providing investors with an opportunity to receive a substantial return on their investment in this successful company.

By Samantha Johnson

As a content writer at newsnmio.com, I craft engaging and informative articles that aim to captivate readers and provide them with valuable insights. With a background in journalism and a passion for storytelling, I thoroughly enjoy delving into diverse topics, conducting research, and producing compelling content that resonates with our audience. From breaking news pieces to in-depth features, I strive to deliver content that is both accurate and engaging, constantly seeking to bring fresh perspectives to our readers. Collaborating with a talented team of editors and journalists, I am committed to maintaining the high standards of journalism upheld by our publication.

Leave a Reply