Betsson To Distribute 50 Percent Of Net Earnings To Shareholders
By Brian Cullingworth, Last updated Apr 7, 2017
New dividend policy announced
The Betsson board of directors has announced a change in dividend policy designed to complement the company’s growth profile, advising in a stock exchange statement:
“Betsson AB’s new dividend policy is applicable as of the financial year 2017.
“The Board’s ambition for the ordinary distribution to shareholders is, provided a continued attractive capital structure, to distribute up to 50 percent of net earnings, through cash transfer, an automatic redemption process or via repurchase of own shares.”
Pontus Lindwall, chairman of the board, said:
“The Board reasons that Betsson should have a dividend policy that is relevant for its growth profile. The advantages of size are increasing, not least following the introduction of local regulation of the gaming market. The new dividend policy gives Betsson increased capabilities to make acquisitions, which the Board believes will add long-term value to shareholders.”
Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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