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BRIEF-Sanoma decides on new dividend policy, adjusts LT financial targets
February 7, 2017 / 6:51 AM / 7 months ago

BRIEF-Sanoma decides on new dividend policy, adjusts LT financial targets

Feb 7 (Reuters) - Sanoma Oyj :

* Long-term targets for net debt/adjusted EBITDA ratio to be less than 2.5 times (previously 3.5 times)

* Equity ratio is targeted between 35% and 45%

* According to the new dividend policy, it plans, from 2017 onwards, to pay an increasing dividend, equal to 40-60% of annual cash flow from operations less capital expenditure Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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