Dividend policy

Swisscom pursues a return policy with a stable dividend. Since 2006, the dividend per share has been CHF 22. For the financial year 2023, the Board of Directors will again propose a dividend of CHF 22 to the Annual General Meeting. The total dividend of CHF 1,140 million corre­sponds to 77% of the free cash flow for the reporting year. Since the initial public offering in 1998, the total amount distributed has equated to CHF 38 bil­lion and the average annual total shareholder return (TSR) has equated to 6.2% (including reinvestment).