Dividend policy

In order to support growth, Alma Media aims to allocate investments, repayment of debt and distribution of profit optimally from the company's and investors' point of view. On average, Alma Media will distribute over one half of the financial result for the period as dividends.

 Target level2008200920102011201220132014 
Dividend payout ratio*> 50%59%103%159%103%45%50%63%

 *Includes repayment of capital to shareholders.