Investor Presentaiton
Board of Directors propose higher distribution than
guided, on large NOC release in Q4
Hydro
Dividend
yield¹)
3.2%
3.8%
3.1%
9.9%
7.7%
3.7%
Healthy working capital release and a robust balance sheet
enables another year of solid shareholder distribution
Shareholder distribution proposal
NOK 2.5 cash dividend per share
•
Representing payout of NOK ~5 billion
~59% of adjusted net income
⚫ NOK 2 billion for new share buyback program
•
In total -81.5% of adjusted net income and NOK ~7 billion
Average five-year payout ratio4) of ~74%
Total
distribution per
share,
•
~87% including share buy-backs5)
NOK
•
Payment conditional upon AGM approval May 7, 2023
2)
4)
72345
Based on share price at year end
Dividend per share divided by adjusted earnings per share from continuing operations.
Distributed share of underlying net income including share buy-backs
Average dividend per share divided by average adjusted earnings per share from continuing operations for last five years.
Average total distribution per share divided by average adjusted earnings per share from continuing operations for last five years.
45%
2018
240%
2019
116%
95%
62%
82%
.59%
101%
53%
0.98
0.98
3.45
5.65
0.99
3.40
2.50
2020
2021
2022
2023
Dividend pay-out ratio²)
· Total pay-out ratio³)
Share buy-back (NOK)
Extraordinary dividend per share (NOK)
Ordinary dividend per share (NOK)
25
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