At the AGM on 17 April 2018, the payment of a special dividend of NOK 5.00 per common share was approved by shareholders. The last day the shares were traded including the right to receive a dividend was 24 April 2018 and holders of common shares and ADRs on record at the close of business on 26 April 2018 were entitled to the dividend. The first trading date ex-dividend was 25 April 2018. The date of payment of the dividend was 2 May 2018.
Dividend payment history
|Financial year||Record date||Payment date||Amount per share|
|2017||26 April 2018||2 May 2018||5.00 NOK|
|2016||20 April 2017||26 April 2017||5.00 NOK|
|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|
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.
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 an appropriate dividend. This dividend will normally be paid in the month following its approval at the AGM.