Stora Enso Oyj’s board of directors has decided that a second dividend installment of EUR 0.15 per share (approximately Rs 13.37) will be distributed based on the balance sheet adopted for the year 2019. The dividend is based on the authorization given by Stora Enso’s annual general meeting of 4 June 2020. The resolution of the board on the distribution of dividend was made considering the impacts of the Covid-19 pandemic on Stora Enso’s business and liquidity.
The second dividend installment will be paid on or about 17 December 2020 to a shareholder who is recorded in the shareholders’ register maintained by Euroclear Finland Oy or in the separate register of shareholders maintained by Euroclear Sweden AB on the record date of the dividend payment, 10 December 2020. The dividend payable for Euroclear Sweden registered shares will be forwarded by Euroclear Sweden AB and paid in Swedish krona. Dividends payable to ADR holders will be forwarded by Citibank NA and paid in US dollars. The ex-dividend date is 9 December 2020.
Stora Enso’s annual general meeting of 4 June 2020 decided on an immediate dividend payment of EUR 0.15. It also authorized the board of directors to decide at a later date, at its discretion, to distribute a total dividend of up to EUR 0.35 per share in one or more installments. Following the dividend payment on 17 December 2020, the total dividend for the financial year 2019 is EUR 0.30 per share.
In 2024, we are looking at full recovery and growth-led investment in Indian printing
Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.
India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.
India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.
