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UPM-Kymmene Oyj (UPM.HE) logo

UPM-Kymmene Oyj

EURO STOXX 600
UPM.HE|Basic Materials|Paper & Paper Products||P/E 24.8|MCap 12.9B|NASDAQ Helsinki

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

59/ 100Caution

UPM.HE's dividend shows some areas that warrant monitoring. Strengths include a 7.6x interest coverage & 16.9% net debt / total assets. Areas of concern: 92.6% fcf payout ratio & 92.4% cfo payout ratio.

Based on 15 of 15 metrics

Strengths

  • Debt-to-Equity: 35.4Conservative debt level relative to equity.
  • Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
  • Dividend Cut: NoneNo dividend cut in recent history.

Risks

  • CFO Payout Ratio: 92.4%Operating cash flow leaves little room for the payout.
  • FCF Payout Ratio: 92.6%Free cash flow is tight relative to the dividend.
  • Return on Equity: 5.2%Return on equity is below industry norms.

Payout & Coverage

Caution
Earnings Payout Ratio
73.5%Caution
FCF Payout Ratio
92.6%Warning
CFO Payout Ratio
92.4%Danger
Interest Coverage
7.6xSafe

Balance Sheet

Safe
Net Debt / Total Assets
16.9%Safe
Current Ratio
2.0xSafe
Debt-to-Equity
35.4Very Safe

Profitability

Warning
Return on Equity
5.2%Warning
Operating Margin
10.0%Caution
Gross Margin
14.0%Warning
Profit Margin Stability
VolatileWarning

Dividend Track Record

Safe
Dividend Streak
11+ yrsVery Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
2.9%Caution
Earnings Stability
StableSafe

About UPM-Kymmene Oyj

UPM-Kymmene Oyj is a leading material solutions company rooted in the forest industry, specializing in renewable products derived from wood and other sustainable feedstocks. It provides a broad portfolio encompassing publication and specialty papers, chemical pulp, self-adhesive labels, plywood, sawn timber, and advanced materials like wood-plastic composites, biofuels, biochemicals, and biomedical products. The company operates through key segments including UPM Fibres for pulp and timber, UPM Energy for zero-carbon electricity generation, UPM Raflatac for label materials, UPM Specialty Papers and Communication Papers for packaging and printing applications, UPM Plywood for construction and industrial uses, and other innovative operations. With 54 production plants across 11 countries and headquarters in Helsinki, Finland, UPM-Kymmene Oyj serves diverse industries such as packaging, consumer goods, construction, media, pharmaceuticals, and energy. Renowned for its sustainability efforts, it holds top ratings from EcoVadis and the Dow Jones Sustainability Indices, contributing to global decarbonization and resource-efficient solutions while maintaining strong market positions worldwide.

Dividend Overview

Dividend Yield

2.96%

Annual Dividend

€0.75

Frequency

Annual

Payout Ratio

73.53%

FCF Payout Ratio

92.64%

Stock Price

52-Week Range

€21.72 €27.94

Dividend History (2016–2025)

UPM.HE annual dividend per share and yield history

Earnings & Profitability

UPM.HE earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

October 29, 2026

Next Payment Date

Dividend Growth

3-Year Dividend CAGR

4.89%

5-Year Dividend CAGR

2.90%

10-Year Dividend CAGR

7.92%

3-Year Total Growth

15.38%

5-Year Total Growth

15.38%

10-Year Total Growth

114.29%

Income Calculator

UPM.HE Dividend Calculator

Total Investment

€0.00

Annual Income

€75.00

Quarterly Income

€18.75

Monthly Income

€6.25

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Frequently Asked Questions

What is UPM.HE's current dividend yield?
UPM-Kymmene Oyj (UPM.HE) currently has a dividend yield of 2.96%, based on a stock price of — and an annual dividend of €0.75.
When is UPM.HE's next dividend payment date?
UPM.HE's next ex-dividend date is 2026-10-29 and the next payment date is —. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does UPM.HE pay in dividends per year?
UPM-Kymmene Oyj paid €1.50 per share in annual dividends in 2025. The dividends are paid annual.
Has UPM.HE been increasing its dividend?
UPM-Kymmene Oyj has grown its dividend at a 5-year CAGR of 2.90% and a 10-year CAGR of 7.92%.
Is UPM.HE's dividend safe?
UPM-Kymmene Oyj has a payout ratio of 73.53%. Its free cash flow payout ratio is 92.64%. The payout ratio is moderate. Monitor earnings to ensure sustainability.
How is UPM.HE's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates UPM-Kymmene Oyj's dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for basic materials companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.