The Board of Directors of UPM-Kymmene Oyj proposed to the Annual General Meeting convening on 5 April 2018 that a dividend of EUR 1.15 per share be paid in respect of the 2017 financial year against EUR 0.95 per share paid a year ago. The proposed dividend represents 39% of UPM's operating cash flow per share for the year 2017. It is proposed that the dividend be paid on 19 April 2018. On 31 December 2017 the distributable funds of the parent company were EUR 3,739.6 million.