According to Modular Finance AB, as of December 31, 2016, the following companies, foundations and mutual funds were the ten largest registered shareholders based on voting rights:
|SCA's ten largest shareholders||No. of A shares||No. of B shares||Votes (%)||Holding (%)|
|Norges Bank Investment Management||8,066,000||31,220,168||8.7||5.6|
|SHB Oktogonen Foundation||3,150,000||-||2.4||0.4|
|Swedbank Robur Funds||-||27,442,314||2.1||3.9|
|AMF Insurance and Funds||-||18,859,380||1.5||2.7|
|SHB Pension Fund||1,303,000||-||1.0||0.2|
|SCA Employee Foundation||982,845||74,406||0.8||0.1|
|First Swedish Pension
|Foreign ownership in %||58||64||61||63||58||45||43||42||41||43||43|
Dividend and dividend policy
SCA aims to provide long-term stable and rising dividends to its shareholders.
SCA aims to provide long-term stable and rising dividends to its shareholders. When cash flow from current operations exceeds what the company can invest in profitable expansion over the long-term – and under the condition that the capital structure target is met – the surplus shall be distributed to the shareholders.
The Board of Directors proposes an increase in the dividend by 4.3% to SEK 6.00 (5.75) per share for the 2016 fiscal year. Accordingly, dividend growth in the most recent five-year period amounted to 7.4%. The 2016 dividend represents a dividend yield of 2.3%, based on SCA's share price at the end of the year.
SCA shares are quoted and traded on NASDAQ Stockholm, and as American Depository Receipts (ADR level 1) in the US through Deutsche Bank.
SCA was introduced on the Stockholm Exchange in 1950.
A-listan SCA A (ISIN code: SE 0000 171 886)
A-listan SCA B (ISIN code: SE 0000 112 724)
ADR program in the US
In order to make the SCA share more readily available to American investors, SCA established a Level 1 ADR Program in the US in December 1995. This means that B shares are available as depositary receipts in the US without any formal stock exchange registration. These receipts, which are listed in USD, are regarded as US securities (symbol SVCBY). One ADR corresponds to one share. The ADR depositary bank is Deutsche Bank Trust Company Americas.
On Nasdaq Stockholm, SCA is included in the OMX Stockholm 30 Index, OMX Nordic 40 and in the Personal & Household Goods sector within Consumer Goods. In addition to the indexes directly linked to Nasdaq Stockholm, SCA is included in other indexes, such as the FTSE Eurofirst Index and FTSE Global Equity Index. Within MSCI, SCA is included in Household Products within Consumer Staples. SCA is also included in a number of sustainability indexes, including the FTSE4Good index series, OMX GES Sustainability Sweden PI and OMX GES Sustainability Nordic PI.
In 2016, the volume of SCA shares traded on Nasdaq Stockholm was about 415 million (540), corresponding to a value of approximately SEK 105bn (119). Average daily trading for SCA on Nasdaq Stockholm amounted to approximately 1.6 million shares, corresponding to a value of approximately SEK 415m (474). During the year, trading on BATS Chi-X amounted to approximately 227 million SCA shares, trading on Turquoise to about 87 million SCA shares and trading on other marketplaces to approximately 17 million SCA shares.
SCA's Annual General Meeting in 1999 authorized the holders of A shares to convert their shares to B shares. To request such conversion, fill in the form below.
|28 Apr 2017|
|Number of A shares||64,594,464|
|Number of B shares||637,748,025|
|Total number of registered shares||702,342,489|
Share issues etc. 1993–2016
Since 1993 the share capital and the number of shares have increased due to new issues, conversions and splits, as detailed below:
|SEKm||(except No. of shares)||No. of shares||Increase in
|1993||Conversion of debentures
and new subscriptions
through Series 1 warrants
|New issue 1:10,
issue price SEK 80
|1999||New issue 1:6,
issue price SEK 140
|2003||Conversion of debentures
and new subscription
through warrants IIB