Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Svenska Handelsbanken AB
  6. News
  7. Summary
    SHB A   SE0007100599

SVENSKA HANDELSBANKEN AB

(SHB A)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Svenska Handelsbanken : Handelsbanken proposes extra dividend in the form of Industrivarden shares

09/21/2021 | 12:34pm EDT

STOCKHOLM, Sept 21 (Reuters) - Swedish bank Handelsbanken said on Tuesday it proposed an extra "dividend-in-kind", consisting of shares in Industrivarden and corresponding to 4.42 crowns per share.

Investment company Industrivarden is Handelsbanken's biggest owner, with 11% of shares, according to Handelsbanken's website.

"The board of directors proposes an extra dividend of shares in Industrivarden corresponding, as of today, to a value of approximately 8.7 billion Swedish crowns ($1.00 billion), or 4.42 Swedish crowns per share in Handelsbanken," the bank said in a statement.

"The bank’s exposure to shares in the pension management is reduced through a dividend in the form of shares, which increases long-term stability in the bank’s capitalisation," it said, adding that the proposal came on the back of a good capital situation.

The bank said the shares were currently managed by the pension fund Handelsbankens Pensionsstiftelse but it would buy them before distributing to shareholders.

With the "dividend-in-kind", the bank estimated its common equity Tier 1 capital ratio, a measure of financial health, would fall to around 19.4% from 20.5%. ($1 = 8.6757 Swedish crowns)

(Reporting by Anna Ringstrom; Editing by Edmund Blair and Lisa Shumaker)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AB INDUSTRIVÄRDEN (PUBL) 2.35% 287.2 Delayed Quote.4.74%
SVENSKA HANDELSBANKEN AB -3.35% 99.36 Delayed Quote.20.29%
All news about SVENSKA HANDELSBANKEN AB
10/22SVENSKA HANDELSBANKEN AB : Spin off
FA
10/21SVENSKA HANDELSBANKEN : Bulletin from the Extraordinary General Meeting in Handelsbanken o..
AQ
10/21Nordea starts share buybacks as recovery lifts Nordic banks
RE
10/20GLOBAL MARKETS LIVE : Kering, Netflix, Roche, United Airlines, Xiaomi...
10/20STOXX EUROPE 600 : Handelsbanken Sees Higher Investment Costs In Coming Quarters, Says CEO
MT
10/19Handelsbanken to Exit Denmark, Finland to Focus on Main Markets
MT
10/19SVENSKA HANDELSBANKEN : Sweden's Handelsbanken to exit Denmark and Finland as Q3 profit ri..
RE
10/19SVENSKA HANDELSBANKEN : Handelsbanken's Interim Report January – September 2021
PU
10/19SVENSKA HANDELSBANKEN : Handelsbanken to leave Denmark and Finland
AQ
10/19Svenska Handelsbanken AB Ceases its Operations in Denmark and Finland
CI
More news
Analyst Recommendations on SVENSKA HANDELSBANKEN AB
More recommendations
Financials
Sales 2021 46 499 M 5 427 M 5 427 M
Net income 2021 18 780 M 2 192 M 2 192 M
Net Debt 2021 - - -
P/E ratio 2021 10,5x
Yield 2021 6,55%
Capitalization 197 B 22 974 M 23 003 M
Capi. / Sales 2021 4,24x
Capi. / Sales 2022 4,21x
Nbr of Employees 12 322
Free-Float 89,2%
Chart SVENSKA HANDELSBANKEN AB
Duration : Period :
Svenska Handelsbanken AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SVENSKA HANDELSBANKEN AB
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 99,36 SEK
Average target price 111,05 SEK
Spread / Average Target 11,8%
EPS Revisions
Managers and Directors
Carina Åkerström President, Chief Executive Officer & Director
Carl Cederschiöld Chief Financial Officer & Deputy CEO
Pär Boman Chairman
Katarina Berner Frösdal Chief Operating Officer
Maria Tornell Head-Compliance
Sector and Competitors