Academedia's board approved a special 400 million SEK shareholder payout. The Swedish school company uses a buyback program to distribute excess cash.
In August, the company proposed a regular dividend of 2.25 SEK per share. That amounted to about 225 million SEK total.
Now directors suggest owners should get significantly more money. The additional 400 million SEK comes through a redemption program.
Academedia simply has too much money in its accounts. The board states the company's capital structure isn't optimal.
"The board proposes a redemption program totaling maximum 400 million SEK," the company writes in a press release.
Academedia made similar moves last year. Owners then received 281 million SEK beyond regular dividends.
During the past fiscal year from July to June, the group's post-tax profit reached 321 million SEK.
Private schools in Sweden operate as for-profit companies. This creates ongoing debate about public education funds becoming private profits.
Large shareholder payouts raise questions about education funding priorities. The company clearly generates substantial cash beyond its operational needs.