Dividend and Treasury Shares

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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.

Dividend policy

Orkla has a strategy to increase dividend per share over time, normally within 50–70% of earnings per share.

Dividend for year Dividend proposal Dividend (NOK) Dividend basis date Dividend paid out
2023 14/03/2024 6.00**** 18/04/2024 03/05/2024
2022 14/03/2023 3.00 13/04/2023 27/04/2023
2021 15/03/2022 3.00 20/04/2022 03/05/2022
2020 15/03/2021 2.75 15/04/2021 26/04/2021
2019 11/03/2020 2.60 16/04/2020 27/04/2020
2018 13/03/2019 2.60 25/04/2019 07/05/2019
2017 13/03/2018 2.60 12/04/2018 25/04/2018
2016 08/02/2017 2.60 21/04/2017 03/05/2017
2016 02/10/2017 5,00*** 25/11/2017 03/05/2017
2015 11/02/2016 2.50 14/04/2016 26/04/2016
2014 26/03/2015 2.50 16/04/2015 28/04/2015
2013 20/03/2014 2.50 10/04/2014 25/04/2014
2012 06/02/2013 2.50 18/04/2013 30/04/2013
2011 09/02/2012 2.50 19/04/2012 03/05/2012
2010 10/02/2011 2.50 14/04/2011 29/04/2011
2010 14/09/2011 5,00*** 03/11/2011 15/11/2011
2009 11/02/2010 2.25 22/04/2010 04/05/2010
2008 19/02/2009 2.25 23/04/2009 06/05/2009
2007 14/02/2008 2.25 24/04/2008 07/05/2008
2006 14/02/2007 2.00 19/04/2007 03/05/2007
2005 20/02/2006 1.50 27/04/2006 11/05/2006
2004 9/02/2005 1,90** 14/04/2005 03/05/2005
2003 19/02/2004 5,80* 29/04/2004 19/05/2004
2002 2/20/2003 0.68 4/30/2003 5/22/2003
2001 14/02/2002 0.65 02/05/2002 23/05/2002
2000 15/02/2001 0.60 03/05/2001 22/05/2001

* Ordinary dividend NOK 0.80 per share and additional dividend NOK 5.00 per share

**Ordinary dividend of NOK 0.90 per share and additional dividend NOK 1.00 per share

***Additional dividend of NOK 5.00 per share

****Ordinary dividend of NOK 3.00 per share and additional dividend NOK 3.00 per share

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 2023, 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 2024. The table below shows Orkla’s share buybacks per year:

Orkla share buybacks
 
Year No of shares
2023 -
2022 -
2021 -
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