May 21, 2024 2:33 pm
This Company Breaks Sweden’s Dividend Record

In the recent history of the Swedish stock market, Volvo has set a new record as its general meeting decided to pay the largest dividend ever. The decision was made at today’s meeting, and it results in a total distribution of 36.6 billion kroner, equivalent to about 3.2 billion euros, to its shareholders.

The dividend payment is scheduled for April 5, and this remarkable decision by Volvo’s general meeting marks a significant increase from the previous dividend record set in 2021. In that year, Volvo distributed 30.5 billion kroner to its shareholders.

As of recently, Volvo’s closing share price stood at SEK 317.95, and in the previous year, the company reported earnings per share of 24.5 crowns. This latest decision by Volvo’s general meeting highlights the company’s financial strength and commitment to rewarding its shareholders.

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

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