• Fri. May 24th, 2024

Volvo Surpasses Record with Record-Breaking Dividend Distribution in 2023

BySamantha Nguyen

Mar 27, 2024
This Company Breaks Sweden’s Dividend Record

In 2021, Volvo set a new record as the truck manufacturer’s general meeting decided to pay the largest dividend ever in the history of the Swedish stock market. Today, Volvo has surpassed that record as its general meeting approved a dividend of SEK 7.5 per share along with an additional dividend of SEK 10.5 per share. This decision results in a total distribution of 36.6 billion kroner, equivalent to about 3.2 billion euros, to its shareholders.

In recent years, Volvo has reported earnings per share of 24.5 crowns and currently stands at SEK 317.95 per share. The remarkable decision by Volvo’s general meeting marks a significant increase from the previous dividend record set in 2021, where the company distributed 30.5 billion kroner to its shareholders.

For more information about Volvo’s record-breaking dividend distribution, please visit [insert URL here].

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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