Dividends
At the AGM on 18 April 2023, the payment of a dividend of NOK 4.00 per common share was approved by shareholders. The first trading date ex-dividend was 20 April 2023. Holders of common shares and ADRs on record at the close of business on 21 April 2023 were entitled to the dividend. The date of payment of the dividend will be 28 April 2023 for common shares and ADRs.
Dividend payment history
| Financial year | Record date | Payment date | Amount per share |
|---|---|---|---|
| 2022 | 21 April 2023 | 28 April 2023 | 4.00 NOK |
| 2021 | 29 April 2022 | 6 May 2022 | 1.00 NOK |
| 2020 | 30 April 2021 | 7 May 2021 | 2.00 NOK |
| 2019 | - | - | Nil |
| 2018 | 26 April 2019 | 3 May 2019 | 1.50 NOK |
| 2017 | 26 April 2018 | 2 May 2018 | 5.00 NOK |
| 2016 | 20 April 2017 | 26 April 2017 | 5.00 NOK |
| 2015 | - | - | Nil |
| 2014 | - | - | Nil |
| 2013 | 2 July 2014 | 10 July 2014 | 3.60 NOK |
| 2012 | 5 July 2013 | 12 July 2013 | 0.60 USD |
| 2011 | 28 June 2012 | 5 July 2012 | 0.60 USD |
Dividend policy
It is Subsea 7’s objective to give its shareholders a competitive return on their invested capital. The return is to be achieved through a combination of dividend payments, share repurchases and an increase in the value of the Company’s shares over time through disciplined investment in value-adding growth opportunities.
It is the Company's intention to pay a regular dividend of NOK 1.00 per share each year. In addition, after evaluating the Company’s financial position and re-investment opportunities each year, the Board of Directors may decide to recommend that shareholders approve at the AGM a special dividend. Dividends will normally be paid in the month following their approval at the AGM.
