contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
      researchContent {
        title
        lang
        pdfUrl
        relatedContent {
          __typename
          ...PublishingDetails
          ...Reactions
          id
        }
        content {
          title
          lang
          htmlBody
          publishedAt
          createdAt
          changedAt
          isOutdated
          isPremium
        }
      }
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


k-ryhma-kesko-oyj-managers-transactions-jussi-perala-3

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Kesko operates in the retail sector. The company offers services primarily aimed at the food, construction and technology industries. The largest activities are found in the development of store concepts, channel sales, e-commerce sites and business models. The majority of operations are found in the Nordic and Baltic markets. The head office is located in Helsinki.

Yeah, I agree with this! Taxation can make a difference. I was speaking about the principle that one could reinvest those dividend funds to counter dilution. Taxation then depends on the investor and whether they use an Equity Savings Account (OST) vs. a regular brokerage account (AOT), etc.

It does matter. The Finnish state says thanks as dividend taxes clatter into their bottomless pit. It is simply a matter of tax efficiency; you shouldn’t be distributing dividends and raising capital from owners through a rights issue at the same time.

It doesn’t matter. If the dividend you receive is financed by a share issue that dilutes your holdings, you can avoid this by buying back Kesko shares in the exact same proportion. The end result is the same. Either you lose ownership share and get cash, or you don’t lose it but you don’t get the cash.

For example, the dividend paid out from last year’s earnings totals approximately 250 million euros, so it definitely matters. The dilution could have been much smaller if the deal had been financed more through cash flow.

We don’t yet know this year’s results, and we know even less about next year’s. How could an acquisition be financed with a dividend that we don’t know anything about yet? I am curiously waiting for the terms of the share issue. Will it be directed at retailers or investors, and at what price? Kesko’s share price is currently even higher than it was last autumn.

Isn’t the dividend paid out from the previous year’s earnings based on the board’s proposal and approved by the annual general meeting, so it can’t really just be cancelled like that? Dividends to be paid from this year’s results won’t be decided until next year, at which point the acquisition can be taken into account when determining the dividend level. I added to my position anyway because I consider the deal a good and bold move, as well as an indication of a willingness to grow.

Well, in the end, it shouldn’t really make a major difference. You buy Kesko with that dividend (plus your own money if needed) and thereby raise your ownership stake to the level it would have been at without the share issue. The end result is roughly the same.

Kesko

Kesko Oyj - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: Jussi Perälä Position: Member of the Board/Deputy member ...

<div class="abstract"></div>Kesko Oyj - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: Jussi Perälä Position: Member of the Board/Deputy member Issuer: Kesko Oyj LEI: 743700OX6HSVMCAHPB95 Notification type: INITIAL NOTIFICATION Reference number: 154265/4/4 ____________________________________________ Transaction date: 2026-04-30 Outside a trading venue Instrument type: SHARE ISIN: FI0009000202 Nature of transaction: RECEIPT OF A SHARE-BASED INCENTIVE Transaction details (1): Volume: 813 Unit price: 0 EUR Aggregated transactions (1): Volume: 813 Volume weighted average price: 0 EURFurther information&nbsp;is available from Lasse Luukkainen, Executive Vice President, Legal and Sustainability, tel. +358 105 322&nbsp;818.<div></div>

K-ryhmä: Kesko Oyj - Managers' Transactions (Jussi Perälä)

K-ryhmä: Kesko Oyj - Managers' Transactions (Jussi Perälä)