AMWatch

Handelsbanken to pay USD 1bn dividend in asset manager shares

This comes as the Swedish FSA is to lift restrictions on payouts at the end of September.

Photo: PR/Handelsbanken

Handelsbanken AB, Sweden's third-largest bank, plans to distribute a stake worth about SEK 8.7bn (USD 1bn) in investment company Industrivarden AB to shareholders.

"As a result of the bank's good capital situation, the board of directors of Handelsbanken has resolved to convene an extraordinary general meeting and propose an extra dividend," the company said in a statement on Tuesday. The bank’s capitalization is "well above" the target ratio level, it said.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and to hear about their career experiences. 

Further reading

Related articles

Trial banner

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch