It is the Board of Directors’ objective to offer competitive returns to its shareholders, supported by a high dividend pay out ratio. The General Meeting declares the annual dividend based on a proposal from the Board of Directors.
The company’s dividend policy has been to distribute 10–40 per cent of its annual profits as dividends in periods with surplus liquidity. Due to consistent strong performance the Board of Directors decided in a Board meeting 20 October 2010 to change the dividend policy to 40-60 per cent of net profit adjusted for normalized tax. The Board of Directors proposes a dividend of NOK 2.00 per share for the 2010 accounting year.