Bufab AB Proposes Dividend for the Financial Year 2022, Payable on 27 April 2023 and 27 October 2023
March 17, 2023 at 10:00 am EDT
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The Board of Directors of Bufab AB (publ) proposed a dividend for the financial year 2022 of SEK 4.75 per share. The Board of Director proposed that the dividend should be disbursed in two instalments, with 24 April 2023 as record date for the first instalment of SEK 2.50 and 24 October 2023 as record date for the second instalment of SEK 2.25. If the Annual General Meeting resolves in accordance with the Board of Directors' proposal, the estimated date for payment of the dividend from Euroclear Sweden AB to those who are recorded in the share register on the respective record date, is 27 April 2023 for the first instalment and 27 October 2023 for the second instalment.
Bufab AB (publ) is a Sweden-based company engaged in the supply of fasteners and small parts to industrial segments, and provision of logistics and purchasing services. The Company purchases, develops, manufactures and distributes components such as C-parts, standard fasteners, magnets, magnet systems, and other standard and drawing-specific parts in metal, plastic, rubber, stainless steel, metal powder, wire and fabric. It serves a variety of industries, such as telecommunication, automotive, furniture, offshore, engineering, industrial construction, agriculture, aerospace and railway. The Company operates through subsidiaries in Sweden, Norway, Finland, France, Germany, China, Taiwan, Austria, Poland, the United Kingdom and the Netherlands, among others. Also, it operates Kian Soon Mechanical Components Pte Ltd in Singapore.