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Dividend

Hydro's dividend policy is in the long term to pay out, on average, 40 percent of net income as ordinary dividend over the cycle to our shareholders. The dividend policy has a floor of NOK 1.25 per share.

Share buybacks or extraordinary dividends will supplement dividends during periods of strong financials, due consideration being given to the commodity cycle and capital requirements for future growth. The payout should reflect Hydro's aim to give its shareholders competitive returns benchmarked against alternative investments in comparable companies.

In periods when earnings are high, Hydro may consider buying back shares in addition to ordinary dividend payments. Such considerations will be made in the light of alternative investment opportunities available to Hydro and its financial situation.

Year

Earnings per share (NOK)

Dividend per share (NOK)

Date proposed

Date approved

Payment date

2018

2.08

1.25

2019-02-07

2019-05-07

2019-05-16

2017

4.30

1.75

2018-02-16

2018-05-07

2018-05-18

2016

3.13

1.25

2017-02-09

2017-05-03

2017-05-12

2015

0.99

1.00

2016-02-17

2016-05-02

2016-05-12

2014

0.39

1.00

2015-02-11

2015-05-06

2015-05-18

2013

(0.45)

0.75

2014-02-12

2014-05-07

2014-05-19

2012

(0.65)

0.75

2013-02-12

2013-05-08

2013-05-23

2011

3.41

0.75

2012-02-16

2012-05-08

2012-05-22

2010

1.33

0.75

2011-02-16

2011-05-05

2011-05-18

2009

0.25

0.50

2010-02-17

2010-05-04

2010-05-18

2008

(3.04)

-

-

-

-

2007

7.20

5.00

2008-02-18

2008-05-06

2008-05-19

2006

14.00

5.00

2007-02-19

2007-05-08

2007-05-21

2005

12.50

4.40

2006-02-14

2006-05-09

2006-05-23

2004

9.90

4.00

2005-02-15

2005-05-03

2005-05-24

2003

8.50

2.20

2004-02-16

2004-05-11

2004-05-28

2002

6.80

2.10

2003-02-10

2003-05-07

2003-05-22

2001

6.10

2.00

2002-02-11

2002-05-02

2002-05-22

2000

10.68

1.90

2001-02-12

2001-05-02

2001-05-21

1999

2.78

1.60

2000-02-14

2000-04-26

2000-05-18

1998

3.28

1.50

1999-02-15

1999-04-22

1999-05-19

1997

4.54

1.50

1998-02-16

1998-04-23

1998-05-19

1996

5.42

1.40

1997-02-24

1997-04-21

1997-05-22

1995

6.24

1.20

 

1996-04-29

1996-05-23

1994

3.58

0.85

 

1995-05-02

1995-05-23


The earnings per share and dividend per share figures have been recalculated to reflect the 5 for 1 share split effective 10 May 2006 and 25 May 2006 for the American Depositary Receipts.