Investor

Dividends

NORDEN’s business model aims to equalise the effect of the cyclical movements inherent in the shipping industry. Strong, long-term earnings are the prerequisite for NORDEN to generate an attractive return for its shareholders through dividends and share price increases.

NORDEN pays dividends in due consideration of the Company’s actual earnings, risk management, strategy and investment plans. See more on NORDEN’s strategy and policy on shareholders return.

Dividend payments

2015

At the general meeting on 7 April 2016, the Board of Directors’ proposal for the distribution of profits, including that no dividend is paid for 2015, was adopted. See announcement No 8

2014

The Board of Directors proposes that no dividend be paid. See announcement No 2

2013

At the annual general meeting on 23 April 2014, the Board of Director's proposal for the distribution of profits, including payment of dividends of DKK 5 per share of DKK 1 was adopted. See announcement No 18

2012

At the annual general meeting on 24 April 2013, the Board of Director's proposal for the distribution of profits, including payment of dividends of DKK 3 per share of DKK 1 was adopted. See announcement No 6.

2011

At the annual general meeting on 11 April 2012, the Board of Director's proposal for the distribution of profits, including payment of dividends of DKK 4 per share of DKK 1 was adopted.

This corresponds to approximately 35% of the net profit being distributed to the shareholders (excluding treasury shares). See announcement No 6.  

Dividend payments 1996 to 2016 

Year

Date

DKK

Fiscal year

Denomination

Equivalent to the present denomination of DKK 1

1996

10 May

 14.93

1995

100

0.15

1997

5 May

 11.94

 1996

 100

 0.12

1998

4 May

 17.91

 1997

 100

 0.18

1999

13 May

 8.00

 1998

 100

 0.08

2000

11 May

 12.00

 1999

 100

 0.12

2001

8 May

 10.00

 2000

 20

 0.50

2002

3 May

 12.00

 2001

 20

 0.60

2003

2 May

 10.00

 2002

 20

 0.50

2004

30 Apr

 100.00

 2003

 20

 5.00

2004

7 Oct

 175.00

 2004

 20

 8.75

2005

29 Apr

 100.00

 2004

 20

 5.00

2006

1 May

 200.00

 2005

 20

 10.00

2007

1 May

 100.00

 2006

 20

 5.00

2008

29 Apr

35.00

2007

1

35.00

2009

30 Apr

13.00

2008

1

13.00

2010

29 Apr

7.00

2009

1

7.00

2011

18 Apr

8.00

2010

1

8.00

2012

17 Apr

4.00

2011

1

4.00

2013

1 May

3.00

2012

1

3.00

2014

29 Apr

5.00

2013

1

5.00

2015

 

0.00

2014

1

0.00

2016

 

0.00

2015

1

0.00