Our share

During 2019, the share price increased by 45 percent, while the OMXS30 index on Nasdaq Stockholm increased by 26 percent.

Sandvik’s share is listed on Nasdaq Stockholm, Sweden. At year-end 2019, the share was quoted at 182.7 SEK, corresponding to a market capitalization of 229 billion SEK, placing Sandvik as the 10th (14) largest company on Nasdaq Stockholm.

Share trading

In 2019, a total of 799 million shares (823) were traded for a total value of 125 billion SEK (125). Trading in Sandvik shares on the Nasdaq Stockholm accounted for 31 percent (37) of the total volume of shares traded. Other markets, for example, BATS Chi-X, Turquoise, etc. accounted for 69 percent (51). 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 2019, the average daily ADR trading volume was 36,450 (39,889). At the end of 2019 there were 4,192,508 ADRs outstanding (4,170,062).

Dividend and total shareholder return

Our target is that the dividend will amount to at least 50 percent of adjusted earnings per share, through an economic cycle. The Board has proposed a dividend of 4.50 SEK (4.25) per share to the 2020 Annual General Meeting, corresponding to approximately 5.6 billion SEK (5.3) and a dividend yield of 2.5 percent based on the share price at year-end. Assuming the approval of the proposed dividend for 2019 of 4.50 SEK (4.25), a 6 percent increase compared to 2018, Sandvik’s dividend over the past five years has averaged 3.50 SEK. In this period a total of 44 percent of adjusted earnings per share for Continuing Operations 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, 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 2019, the number of shareholders decreased to 100,768 (100,909). There are shareholders in 76 countries, and the total ownership outside of Sweden amounted to 39 percent (35) at year-end. The ten largest individual shareholders accounted for 39 percent of the share capital on the same date. As of 31 December 2019, members of Sandvik’s Group Executive Management owned a total of 206,726 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