Norwegian Finans Holding ASA
Dividend amount: NOK 6.00
Based on the Ministry of Finance’s recommendation:
NOK 5.00 to be paid in May 2021
NOK 1.00 to be paid in Q4 2021
In a letter to the Financial Supervisory Authority of Norway dated 20 January 2021, the Ministry of Finance expressed an expectation that Norwegian banks, which after a careful assessment and based on ESRB’s recommendations find a basis for distributions, keep overall distributions within a maximum of 30 per cent of the cumulative annual result for the years 2019 and 2020, up to 30 September 2021.
The Board of Directors proposes for the accounting year 2020, based the current extraordinary situation and the authorities expectations, to the General Meeting, a cash dividend of NOK 5.00 per share, as well as proposing an authorization to the Board of Directors to further pay NOK 1.00 per share in the fourth quarter, after a renewed assessment of the development of Covid-19 and the consequences for the bank. The Board has according to the guidelines from the Ministry of Finance for all banks, initiated a dialogue with the Norwegian FSA to document the assessment for this proposed distribution.
The dividend payments will total to MNOK 1 121 with full payment of NOK 5.00 per share in May and NOK 1.00 per share in the fourth quarter. The dividend to be paid in 2021 will amount to 29.6% of the total net profit after taxes for 2019 and 2020, and in accordance to the approved dividend policy.
Key information on dividend to be paid in May 2021:
Declared currency: Norwegian Krone
Last day including right: 27 April
Ex-date: 28 April
Record date: 29 April
Payment date: as of 6 May
Date of approval: 27 April
For further information, please contact:
Klara-Lise Aasen, CFO, tel: +47 47 63 55 83
Mats Benserud, Head of Treasury, tel: +47 95 89 15 39
This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About Globenewswire
Subscribe to releases from Globenewswire
Subscribe to all the latest releases from Globenewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Globenewswire
Zealand Pharma18.7.2025 18:30:00 CEST | Press release
Zealand Pharma major shareholder announcement: Van Herk Investments B.V.
SpringWorks Therapeutics, Inc.18.7.2025 17:30:40 CEST | Press release
European Commission Grants Conditional Approval of EZMEKLY® (mirdametinib) for the Treatment of Adult and Pediatric Patients with NF1-PN
Photocat A/S18.7.2025 17:00:00 CEST | Press release
PHOTOCAT has today applied for a transfer of its trading venue from Nasdaq First North Growth Market to Spotlight Stock Market.
Golden Ocean Group Limited18.7.2025 16:30:00 CEST | Press release
GOGL – Notice of Special General Meeting
Kapitalforeningen SDG Invest18.7.2025 16:06:31 CEST | Pressemeddelelse
Kapitalforeningen SDG Invest - Opdateret prospekt
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom