Dividends and dividend policy

Kværner ASA’s dividend policy is based on semi-annual dividend payments. Decisions as to dividend payments depend on outlook, liquidity and considerations such as alternative use of cash and strengthening of the company’s financial structure. In periods of weak economic conditions, the dividend can be paid-out as long as the group’s capital structure permits. The Board approves interim dividends based on an authorisation from the General Meeting, while the Annual General Meeting approves the final (and total annual) dividend based on a proposal from the Board of Directors.

Dividend pay out 2019

On 11 February 2019, the Board of Directors has according to the dividend policy and pursuant to the power of attorney to approve the distribution of dividend granted by the Annual General Meeting on 9 April 2015, resolved to propose a dividend of NOK 1.00 per share. The dividend was paid on 9 April 2019. The share was traded exclusive dividend from and including 29 March 2019.

Dividend pay out 2015

On 15 July 2015 the Board of Directors has according to the new dividend policy and pursuant to the power of attorney to approve the distribution of dividend granted by the Annual General Meeting on 9 April 2015, resolved to propose a semi-annual dividend of NOK 0.15 per share. The dividend was paid on 23 October 2015. The shares was traded exclusive dividend from and including 13 October 2015.

On 9 April 2015 the the Annual General Meeting of Kværner approved a dividend of NOK 0.67 per share in accordance with the company’s dividend policy. The share was traded on the Oslo Stock Exchange ex-dividend from and including 10 April 2015. The dividend was paid on 24 April 2015.

Dividend pay out 2014

On 15 July 2014 the Board of Directors, in line with the company’s dividend policy and pursuant to the power of attorney, approved the distribution of dividend granted to the Board by the Annual General Meeting on 10 April 2014, resolved to approve a semi-annual dividend of NOK 0.64 per share. The dividend was paid on 24 October 2014. The shares was traded exclusive dividend from and including 14 October 2014.

On 10 April 2014 the Annual General Meeting of Kværner approved a semi-annual dividend for 2014 of NOK 0.61 per share. The share was traded on the Oslo Stock Exchange ex-dividend from and including 11 April 2014. The dividend was paid on 25 April 2014.

Dividend pay out 2013

On 10 October 2013, the Extraordinary General Meeting of Kværner approved a semi-annual dividend for 2013 of NOK 0.58 per share. The share was traded on the Oslo Stock Exchange ex-dividend from and including 11 October 2013. The dividend was paid on 24 October 2013.

On 10 April 2013 the Annual General Meeting of Kværner approved a semi-annual dividend for 2013 of NOK 0.55 per share. The share was traded on the Oslo Stock Exchange ex-dividend from and including 11 April 2013. The dividend will be paid on 24 April 2013.

Dividend pay out 2012

On 9 October 2012, the Extraordinary General Meeting of Kværner approved a dividend for 2012 of NOK 0.53 per share. The share was traded on the Oslo Stock Exchange ex-dividend from and including 11 October 2012.The dividend was paid on 24 October 2012.

On 12 April 2012 the Annual General Meeting of Kværner approved an ordinary dividend for 2011 of NOK 1.00 per share. The share was traded on the Oslo Stock Exchange ex-dividend from and including 13 April 2012. The dividend was paid on 24 April 2012