Husqvarna AB Proposes Dividend for the Financial Year 2023, Payable on April 25, 2024 and October 25, 2024 Respectively
March 14, 2024 at 02:30 am EDT
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Husqvarna AB (publ) proposed a dividend for the financial year 2023 of SEK 3.00 per share, to be paid in two installments, firstly SEK 1.00 per share with April 22, 2024 as the first record day, and secondly SEK 2.00 per share with October 22, 2024 as the second record day. Assuming the AGM resolves in accordance with the Board of Directors' proposal, the estimated (i) last day for trading in Husqvarna shares with right to the applicable part of the dividend payment (ii) applicable record day, and (iii) date for payment from Euroclear Sweden AB for each of the installments are as follows: First Installment's Record Day is April 22, 2024 and Payment Date is April 25, 2024.
Second Installment's Record Day is October 22, 2024 and Payment Date is October 25, 2024.
Husqvarna AB is a Sweden-based company engaged in the development, manufacture and marketing of outdoor power products, consumer watering products, cutting equipment and diamond tools for construction and stone industries. The Companyâs product offering includes robotic lawn mowers, garden tractors, chainsaws and trimmers. The Companyâs operations are divided into three business areas: the Europe and Asia/Pacific business area sells forest, park and garden products to retailers and dealers in Europe and Asia/Pacific; the Americas business area sells forest, park and garden products to retailers and dealers on the American continents, and the Construction business area sells light construction products for cutting, drilling, polishing and demolition of hard materials. The Companyâ subsidiaries include, among others, Husqvarna Australia Pty. Limited, Husqvarna Finance Belgium SA, Husqvarna Belgium SA and Koubachi AG.