Dividend policy and financial targets

Vattenfall's dividend policy and financial targets are resolved by the general meeting, according to the Swedish state's ownership policy.

The most recent resolution was adopted at an extraordinary general meeting on 12 December 2017.

Capital structure

Funds from operations/adjusted net debt of 22–27 per cent.

Profitability target

Return on capital employed of 8 per cent.

Dividend policy

The dividend should amount to 40–70 per cent of profit after tax.