Over time, Orkla’s shareholders shall 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.
As presented at Orkla’s Capital Markets Day 2018, the Board of Directors will propose a dividend policy aimed at increasing the dividend from its current level of NOK 2.60 per share, normally to within 50-70% of Earnings Per Share.
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 2019, 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 2020. The link below shows Orkla’s share buybacks per year:
As of 31 December 2018, 51% of Orkla’s share capital was held by foreign investors (source: VPS).
From Orkla’s Annual Report 2018: