The Board of LKAB proposes an ordinary dividend of 2.4 billion kronor for fiscal year 2013. The Board also proposes payment of a special dividend of 1.1 billion kronor to the owner, the Swedish state.
Urban transformation in both Kiruna and Malmberget is now entering a new phase and will necessitate major commitments in the coming years. It is therefore essential that the company has the financial strength to secure future competitive advantage. LKAB's dividend policy states that dividends over the long term will amount to 30-50 percent of the group's after-tax profit.
The proposed ordinary dividend of 2.4 billion kronor amounts to about 40 percent of LKAB's after-tax profit for 2013. The dividend proposal is in line with the owner's financial target for the company.