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**** |
05/03/2024**** |
| 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 (pending approval)
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 |