GÖTEBORG, Sweden--Regulatory News:
Bulten AB (STO:BULTEN)
The Board of Bulten AB (publ) has decided to change the company's dividend policy.
The Board of Bulten AB (publ) has today April 26, 2016 reviewed and decided to change the company's dividend policy as of the financial year in 2016.
The new policy means that Bulten has the goal to over time pay out a dividend of at least one third of net earnings after tax. Consideration is given, however, to the company’s financial position, cash flow and outlook. The previous policy meant a payout of approximately one third of net profit after tax. Otherwise, the policy is unchanged.
Bulten discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 19:00 CET on April 26, 2016.
Bulten is one of the leading suppliers of fasteners to the international automotive industry. The company’s product range includes everything from customer-specific standard products to customized special fasteners. The company also provides technical development, line-feeding, logistics, material and production expertise. Bulten offers a Full Service Provider concept or parts thereof. The company was founded in 1873, has some 1,200 employees in nine countries and head office in Gothenburg. The share (BULTEN) is listed on Nasdaq Stockholm. Read more at www.bulten.com
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