Dividend Policy

Fjordkraft's initial target ambition is to distribute 80% of its net profit adjusted for non-recurring and special items. In determining the annual dividend level, the Board of Directors will take into consideration, among other things, the excpected cash flow, capital expenditure plans, covenant restrictions in its financial loan agreements, financing requirements (including for any mergers and acquisitions activity) and appropriate financial flexibility. There can be no assurance that a dividend will be proposed or declared in any given year. If a dividend is proposed or declared, there can be no assurance that the dividend amount will be as contemplated above.

For the year 2017 the Annual General Meeting on 27 February 2018 approved a dividend of 100 MNOK converted to NOK 0.96 per share.

Fjordkraft has distributed dividends as indicated below for the recent years.

2013: 43 MNOK

2014: 120 MNOK

2015: 156 MNOK

2016: 120 MNOK