Dividend and treasury shares
Over time, Orkla's shareholders will receive a competitive return on their investment through a combination of the cash dividend that is paid out and the increase in the share price.
Orkla has a programme for share buybacks and a employee share purchase programme.
Over time, Orkla has pursued a dividend strategy that focuses on predictability and stability. As long as Orkla's underlying performance is satisfactory, shareholders will experience a steady, stable increase in the dividend pay out.
As presented at Orkla’s Investor Day 2015, the Board of Directors will propose a dividend policy that maintains a stable dividend of a minimum of NOK 2.50 per share.
* Ordinary dividend NOK 0.80 and additional dividend NOK 5.00 in 2003
**Ordinary dividend of NOK 0.90 and additional dividend NOK 1.00 in 2004
***Additional dividend for the accounting year 2010
Through the allocation of shareholder capital, Orkla will be able to undertake share buybacks, in addition to paying out a dividend. At the Annual General Meeting in 2015, the Board of Directors was granted authorisation to buy back up to 100,000,000 Orkla shares. The authorisation is limited to specified purposes (option programmes and employees shares programme) and must be implemented at the latest by the Annual General Meeting in 2016. The tablet below shows Orkla's share buybacks per year:
|Year||No of shares|
|2000||2 543 000|
|2001||3 750 200|
|2002||13 156 000|
|2003||11 541 255|
|2004||5 385 675|
|2006||5 000 000|
|2007||7 500 000|
|2008||10 000 000|
|2011||3 800 000|
|2012||10 188 000|
|2014||5 000 000|
|2015||4 000 000|