Shares and shareholders
Stora Enso's shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded on OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF).
Stora Enso has two series of shares: A and R. All shares entitle holders to an equal dividend but different voting rights, with each A share and every ten R shares representing one vote at the Annual General Meeting (AGM). Stora Enso shares are quoted in euros (EUR) in Helsinki and in Swedish crown (SEK) in Stockholm. Shares are registered in Euroclear Finland and Euroclear Sweden and the ADRs in Citibank, N.A.For changes in ownership according to the Finnish Securities Markets Act, please send an e-mail to jutta.mikkola@storaenso.com or hanne.karrinaho@storaenso.com.
Information about the shares
| Stora Enso's shares | |||
|---|---|---|---|
| Helsinki | Stockholm | OTC | |
| A share | STEAV | STE A | - |
| R share | STERV | STE R | - |
| ADRs | - | - | SEOAY |
| Currency | EUR | SEK | USD |
| Number of shares as of 18 May 2026 | | ||
| A share | 175 535 114 | ||
| R share | 613 084 873 | ||
| Total number of shares | 788 619 987 | ||
| Total number of votes | 236 843 601 | ||
| Share capital since 31 March 2006 | EUR 1 342 million |
Dividends
Our Dividend Policy promotes the payment of stable dividends linked to our long-term performance and to distribute 50% of earnings per share (EPS, excluding fair valuations) over the financial cycle.
Dividend for 2025
Stora Enso Oyj’s Annual General Meeting was held on 24 March 2026. The AGM resolved, in accordance with the proposal by the Board of Directors, that the Company shall distribute a dividend of EUR 0.25 per share for the year 2025 in two instalments as follows:
The first dividend instalment, EUR 0.13 per share, shall be paid to shareholders who on the record date of the first dividend payment, 26 March 2026, are registered in the shareholders’ register maintained by Euroclear Finland Oy or in the separate register of shareholders maintained by Euroclear Sweden AB for Euroclear Sweden registered shares. The first dividend instalment shall be paid on or about 8 April 2026.
The second dividend instalment, EUR 0.12 per share, shall be paid to shareholders who on the record date of the second dividend payment, 25 September 2026, are registered in the shareholders’ register maintained by Euroclear Finland Oy or in the separate register of shareholders maintained by Euroclear Sweden AB for Euroclear Sweden registered shares. The second dividend instalment shall be paid on or about 2 October 2026.
First dividend instalment
Record date for dividend: 26 March 2026
Dividend payment: 8 April 2026
Exchange rates:10.914 SEK/EUR and 1.1658 USD/EUR
Second dividend instalment
Record date for dividend: 25 September 2026
Dividend payment: 2 October 2026
Exchange rates: Will be displayed at a later stage
Dividend history (pdf)
American depositary receipts - ADRs
Stora Enso’s shares are traded in the USA as American Depositary Receipts (ADRs). The ratio between Stora Enso ADRs and R shares is 1:1, i.e. one ADR represents one Stora Enso R share.
Citibank, N.A. (Citi) acts as depositary bank for Stora Enso's ADR programme. The trading symbol is SEOAY and the CUSIP is 86210M106.
Additional ADR info
Contacts for ADR investors and brokers
New York Tel +1 212 723 5435
London +44 207 500 2030
Contacts for registered ADR holders
Computershare
P.O. Box 43077
Providence, Rhode Island 02940-3077
Email: citibank@shareholders-online.com
Toll-free number: (877)-CITI-ADR
Direct dial: (781) 575-4555
Dual share classes explained
Dual share classes are exceedingly common in Finland and Sweden since decades. The dual share classes are a governance mechanism which facilitates a stable, long-term investor base, while at the same time enables high liquidity in the company with the ability to attract a broad range of investors. The share structure is set by the articles of association of the company which is a publicly available document. Changes to the articles of association can only be made by shareholder decision with special majority. The share structure and the respective rights attached to the different classes of shares is thus highly transparent. In Finnish and Swedish listed companies with dual class share systems, it is not unusual that both classes of shares are listed although in some companies it is only the more liquid class of lower voting shares that is listed.
The Finnish and Swedish dual class share system is combined with strong minority protection rules to ensure that all shareholders are fairly treated. Such minority protection rights include:
- a strong principle of equal and fair treatment of all shareholders,
- qualified majority requirements for key material shareholder decisions,
- shareholder pre-emption rights on share issues, and minority powers to take specific action, including to request minimum dividends, minority auditors and special examiners.
Stora Enso share buy-back
The Annual General Meeting 2026 authorised the Board of Directors to decide on the repurchase of Stora Enso R shares until 31 July 2027.
The amount of R shares to be repurchased shall not exceed 2,000,000 shares, which corresponds to approximately 0.25% of all shares and 0.33% of all R shares in the Company. Own R shares can be repurchased otherwise than in proportion to the shareholdings of the shareholders (directed repurchase). Own R shares can be repurchased using the unrestricted equity of the Company at a price formed in public trading on the date of the repurchase or otherwise at a price determined by the markets. Own R shares may be repurchased primarily in order to use the shares as part of the Company's incentive and remuneration scheme. The repurchased shares may be held for reissue, cancelled or transferred further.
