Wallenius Wilhelmsen Logistics (WWL) is setting its sights on a new dividend policy a month after the merger of Wilh Wilhelmsen and Wallenius Lines was completed.

The new enlarged entity is targeting a payout of between 30% and 50% of the company’s profit after tax.

WWL said: “WWL’s objective is to provide shareholders with a competitive return over time through a combination of rising value for the WWL share and payment of dividend to the shareholders.”