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Dividend and Buybacks

Schibsted’s dividend policy is to pay out 25-40 percent of the group’s cash flow per share. The Annual General Meeting also has given the authority to buy back up to 10 percent of the shareholding.

In periods of weak economic conditions, the dividend level is maintained as long as the group’s capital structure permits. Such a dividend level will mean that Schibsted’s direct yield is competitive in both the Norwegian market and among European media companies.

Historical dividend pr. share (Year indicates fiscal year. The amount was paid out the following year.)

(NOK)

2012 2011

2010

2009

2008

2007

2006

Dividend

3.50** 3.50

3.00

1.50

0.00

6.00

5.00

 

(NOK)

2005

2004

2003

2002

2001

2000

1999

Dividend

4.25

3.25

3.00

2.00

2.00

2.00

1.75

**) Proposed by the Board of Directors.

Dividend dates

YearProposalResolutionEx. date*Pay out
2013 13/02/13 30/04/13 02/05/13 14/05/13
2012 16/02/12 11/05/12 14/05/12 24/05/12
2011 18/02/11 13/05/11 16/05/11 26/05/11
2010 19/02/10 12/05/10 14/05/10 27/05/10

 *) First day of trading excluding rights to dividend

 

Treasury shares

On 11 May 2012 the Annual General Meeting authorized the buying and selling of own shares on the following conditions:

  1. The authorization remains valid until the next Annual General Meeting of Schibsted ASA in 2013 (i.e. no later than 30 June 2012).
  2. The total nominal value of the shares acquired under the authorization may not exceed NOK 10,800,361.
  3. The minimum amount that may be paid for a share is NOK 30. The maximum amount that may be paid for a share is NOK 500.
  4. The Board is free to decide the manner of acquisition and subsequent sale of the shares. The authorisation may also be used to buy and sell shares in takeover situations.

See shareholder list for an updated number of treasury shares.

Published: 11/2/2010 11:44 AM
Last updated: 2/21/2013 4:03 PM