Investor AB Raises Dividend After Investments Generated 4Q Shareholder Return of 21%
By Dominic Chopping
STOCKHOLM--Investor AB on Friday proposed a dividend increase
after the value of its investments rose sharply during the fourth
quarter, generating total shareholder return of 21% compared with
2% for the same period the previous year.
Total shareholder return for the year rose to 55% from 19%.
Investor's net asset value per share rose to 223 Swedish kronor
($24.40) at the end of December from SEK151. On an adjusted basis,
NAV per share stood at SEK248, while net profit attributable to
shareholders rose to SEK81.1 billion in the fourth quarter from
SEK7.65 billion a year earlier.
"Entering 2022, there is no lack of challenges and uncertainty,"
Chief Executive Johan Forssell said.
"In our portfolio we have great companies with leading positions
in attractive markets, led by top-quality people. We also have a
strong financial position, enabling us to act on attractive
opportunities that arise," he said.
The company proposed a full-year dividend of SEK4 for 2021
compared with SEK3.50 the previous year.
Investor is the investment vehicle of Sweden's prominent
Wallenberg family and owns stakes in some of the country's largest
companies, including telecom giant Ericsson AB, home appliance
manufacturer Electrolux AB and lender Skandinaviska Enskilda Banken
Write to Dominic Chopping at firstname.lastname@example.org
(END) Dow Jones Newswires
January 21, 2022 03:04 ET (08:04 GMT)
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