The Volvo Group has a strong financial position. However, due to the general uncertainty created by COVID-19 and the effects on the Volvo Group from the measures taken in various countries to slow down the spread of the virus, the Board, as a precautionary measure, in May 2020 decided that it was appropriate to withdraw the previous dividend proposal.
The Annual General Meeting on June 18, 2020 resolved that no payment of dividend would be made and that the entire amount available would be carried forward.
Click the link below for information on the Swedish withholding tax on dividends on the Swedish Tax Agency’s website.
Swedish Tax Agency’s Website (external link)