Our share

During 2018, the share price decreased by 12 percent, while the OMXS 30 index on Nasdaq Stockholm decreased by 11 percent.

Sandvik’s share is listed on Nasdaq Stockholm, Sweden. At year-end 2018, the share was quoted at 126 SEK, corresponding to a market capitalization of 158 billion SEK, placing Sandvik as the 14th (12) largest company on Nasdaq Stockholm.

Share trading

In 2018, a total of 823 million shares (1,082) were traded for a total value of 125 billion SEK (145). Trading in Sandvik shares on the Nasdaq Stockholm accounted for 37 percent (39) of the total volume of shares traded. Other markets, e.g. BATS Chi-X, Turquoise etc. accounted for 51 percent (37). The Sandvik share can be traded in the US in the form of American Depositary Receipts (ADRs), a process handled by Deutsche Bank Trust Company Americas as a depository bank. In 2018, the average daily ADR trading volume was 39,889 (17,995). At the end of 2018 there were 4,170,062 ADRs outstanding (2,546,925).

Dividend and total shareholder return

Our yearly target is that the dividend will amount to at least 50 percent of reported earnings per share. The Board has proposed a dividend of 4.25 SEK (3.50) per share to the 2019 Annual General Meeting, corresponding to approximately 5.3 billion SEK (4.4) and a dividend yield of 3.4 percent based on the share price at year-end. Assuming the approval of the proposed dividend for 2018 of 4.25 SEK (3.50), a 21 percent increase compared to 2017, Sandvik’s dividend over the past five years has averaged 3.30 SEK annually. In this period a total of 52 percent of reported earnings per share for the Group total has been distributed.

Share capital

The number of Sandvik shares amounts to 1,254,385,923. Each share has a nominal value of 1.2 SEK and the share capital amounts to 1,505,263,108 SEK. Sandvik’s share capital comprises one series of shares, with each share carrying equal voting rights and equal rights to a dividend. Sandvik does not hold any shares in treasury and the most recent occasion when new shares were issued was in conjunction with the acquisition of the shares outstanding in Seco Tools in 2012.

Sustainability indices

Sandvik is included in several sustainability indices, such as the Dow Jones Sustainability Index, the Global 100 Most Sustainable Corporations in the World, FTSE4Good and Ethibel Excellence Europe. These are international indices analyzing global companies that assume their responsible business practices. Sandvik’s inclusion in these indices confirms the Group’s achievements in relation to sustainable business practices.

Owners

In 2018, the number of shareholders remained largely stable at 100,908 (100,987). There are shareholders in 81 countries, and the total ownership outside of Sweden amounted to 35 percent (37) at year-end. The ten largest individual shareholders accounted for 38 percent of the share capital on the same date. As of 31 December 2018, members of Sandvik’s Group Executive Management owned a total of 187,370 shares in Sandvik. Members of the Board of Sandvik owned a total of 488,949 shares in Sandvik (including deputy board members, excluding the CEO). Total ownership of Group Executive Management and the Board corresponds to about 0.05 percent of the capital and voting rights.

The Sandvik share, five-year trend