Kamprad receives big Ikea dividend

Ingvar Kamprad, founder of the Ikea furniture chain, has received a extra dividend of 600 million kronor ($89.2 million) from the company's Swedish operations. The dividend comes in addition to the ordinary dividend of 850 million kronor, making a total of 1.45 billion kronor.

The dividend will be paid to Ikea’s global holding company, Ingka Holding, based in the Netherlands, according to Svenska Dagbladet, which has seen the minutes of Ikea’s extraordinary general meeting in March. In practice, the payment to Ingka Holdings means a boost to the wealth of the Kamprad family, the paper writes.

The dividends relate to the financial year 1st September 2005 – 31st August 2006. In the previous year the company made payouts of around 1.7 billion kronor.

The minutes show that profits for the current financial year will be somewhat lower than those of last year. They will nonetheless be at “a very satisfactory level”, the minutes record. The dividend payments will not affect the company’s investment plans, the paper writes.