Shareholder and dividend policy

DNB's shareholder and dividend policy

DNB's overall objective is to create long-term value for its owners, partly through a positive development in the share price and partly through a predictable dividend policy.

Group resources will be managed in a manner which ensures shareholders a competitive return in the form of dividends and increases in share price relative to comparable investment alternatives.

All shareholders will be treated equally and have the same opportunity to exert influence through the principle of one share – one vote. (Read more under 'Corporate governance' under 'About the Group'.)

The Group's long-term dividend policy is to have a payout ratio of more than 50 per cent of profits as cash dividends, provided that the Group’s capital adequacy is at a satisfactory level. DNB's ambition is to increase the nominal dividend per share every year. Excess capital will be paid out to the owners, through a combination of cash dividends and share buy-back programmes.

For more information regarding historical annual cash dividends, please refer to the key figures table in the DNB quarterly factbooks.