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Pandox decides on new dividend policy.

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NORDIC BUSINESS REPORT-May 10, 2019-Pandox decides on new dividend policy

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Pandox AB (STO:PNDXB), an owner of hotel properties in Northern Europe, announced on Thursday that to capture growth opportunities while at the same time maintaining a strong financial position, it has decided to adjust its dividend policy.

Under this adjustment, Pandox's new target is a dividend pay-out ratio of 30% to 50%, as compared with the prior 40% to 60%, of total cash earnings, with an average dividend pay-out ratio over time of approximately 40%, instead of the previous 50%.

According to Pandox, its management and board expect that the new dividend policy will contribute positively to the company's possibilities to create growth and shareholder value in a growing hotel market.

The company's capital structure target...

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