Over time, Orkla’s shareholders shall receive a competitive return on their investment through a combination of the cash dividend that is paid out and the increase in the share price.
Orkla has a programme for share buybacks and a employee share purchase programme.
Dividend policy
As presented at Orkla’s Capital Markets Day 2021, the Board of Directors will propose a dividend policy aimed at increasing the dividend, normally to within 50-70% of Earnings Per Share.
| Dividend for year |
Dividend proposal |
Dividend (NOK) |
Dividend basis date |
Dividend paid out |
| 2022 |
3/14/2023 |
3.00 |
4/13/2023 |
4/27/2023 |
| 2021 |
3/15/2022 |
3.00 |
4/20/2022 |
5/3/2022 |
| 2020 |
3/15/2021 |
2.75 |
4/15/2021 |
4/26/2021 |
| 2019 |
3/11/2020 |
2.60 |
4/16/2020 |
4/27/2020 |
| 2018 |
3/13/2019 |
2.60 |
4/25/2019 |
5/7/2019 |
| 2017 |
3/13/2018 |
2.60 |
4/12/2018 |
4/25/2018 |
| 2016 |
2/8/2017 |
2.60 |
4/21/2017 |
5/3/2017 |
| 2016 |
10/2/2017 |
5,00*** |
11/25/2017 |
5/3/2017 |
| 2015 |
2/11/2016 |
2.50 |
4/14/2016 |
4/26/2016 |
| 2014 |
3/26/2015 |
2.50 |
4/16/2015 |
4/28/2015 |
| 2013 |
3/20/2014 |
2.50 |
4/10/2014 |
4/25/2014 |
| 2012 |
2/6/2013 |
2.50 |
4/18/2013 |
4/30/2013 |
| 2011 |
2/9/2012 |
2.50 |
4/19/2012 |
5/3/2012 |
| 2010 |
2/10/2011 |
2.50 |
4/14/2011 |
4/29/2011 |
| 2010 |
9/14/2011 |
5,00*** |
11/3/2011 |
11/15/2011 |
| 2009 |
2/11/2010 |
2.25 |
4/22/2010 |
5/4/2010 |
| 2008 |
2/19/2009 |
2.25 |
4/23/2009 |
5/6/2009 |
| 2007 |
2/14/2008 |
2.25 |
4/24/2008 |
5/7/2008 |
| 2006 |
2/14/2007 |
2.00 |
4/19/2007 |
5/3/2007 |
| 2005 |
2/20/2006 |
1.50 |
4/27/2006 |
5/11/2006 |
| 2004 |
2/9/2005 |
1,90** |
4/14/2005 |
5/3/2005 |
| 2003 |
2/19/2004 |
5,80* |
4/29/2004 |
5/19/2004 |
| 2002 |
2/20/2003 |
0.68 |
4/30/2003 |
5/22/2003 |
| 2001 |
2/14/2002 |
0.65 |
5/2/2002 |
5/23/2002 |
| 2000 |
2/15/2001 |
0.60 |
5/3/2001 |
5/22/2001 |
* Ordinary dividend NOK 0.80 and additional dividend NOK 5.00 in 2003
**Ordinary dividend of NOK 0.90 and additional dividend NOK 1.00 in 2004
***Additional dividend
Share buybacks
Through the allocation of shareholder capital, Orkla will be able to undertake share buybacks, in addition to paying out a dividend. At the Annual General Meeting in 2022, the Board of Directors was granted authorisation to buy back up to 100,000,000 Orkla shares. The authorisation is limited to specified purposes (option programmes and employees shares programme) and must be implemented at the latest by the Annual General Meeting in 2023. The table below shows Orkla’s share buybacks per year:
| Orkla share buybacks |
|
|---|
| Year |
No of shares |
| 2021 |
5,000,000 |
| 2020 |
- |
| 2019 |
- |
| 2018 |
20,000,000 |
| 2017 |
1,500,000 |
| 2016 |
2,000,000 |
| 2015 |
4,000,000 |
| 2014 |
5,000,000 |
| 2013 |
- |
| 2012 |
10,188,000 |
| 2011 |
3,800,000 |
| 2010 |
- |
| 2009 |
- |
| 2008 |
10,000,000 |
| 2007 |
7,500,000 |
| 2006 |
5,000,000 |
| 2005 |
- |
| 2004 |
5,385,675 |
| 2003 |
11,541,255 |
| 2002 |
13,156,000 |
| 2001 |
3,750,200 |
| 2000 |
2,543,000 |