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Dividends

At the AGM on 2 May 2024, shareholders will be asked to approve the payment of a dividend of NOK 6.00 per common share, payable in two instalments in May and November.  Key information regarding the ex-dividend dates and payment dates can be found here.

Dividend payment history

Financial year Record date Payment date Amount per share
2023 (ii) 31 October 2024 7 November 2024 3.00 NOK
2023 (i) 7 May 2024 14 May 2024 3.00 NOK
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 6.00 per share each year.  Dividends will normally be paid in two instalments: in the month following the AGM, and six months thereafter.