Nordgold is focused on delivering a dividend to its shareholders based on the net profit that the Company delivers on a quarterly basis
In November 2013 the Board of Directors of Nordgold approved changes to the Company’s dividend policy.
- Nordgold has introduced payment of an interim quarterly dividend
- The targeted payout ratio going forward is 30% of the average net profit calculated in accordance with IFRS for the relevant period attributable to shareholders
- Dividends are based on the estimation of the pro-forma underlying profit (adjusted for one-off non-cash impairment)
The purpose of this new dividend policy is to deliver more frequent dividend payments to the shareholders of the Company.
The annual dividends are declared at the shareholders’ Annual General Meeting based on a recommendation by the Board of Directors.
The interim dividends will only be paid-out if approved by the Board of Directors in full compliance with the requirements of the applicable law.
Nordgold has no limitation from the bond- and debt holders on the dividend payments.
Nordgold invests in production and technology. This helps us achieve the efficiencies we need to provide good returns on investor capital. We work hard to maintain our shareholders’ confidence in the Company’s present and future.
|Period||Dividend per GDR, US cents||Total amount, $US m||Record date||Pay out date|
|Q4 2016||5.12||19.0||March 2, 2017||March 13, 2017|
|Q3 2016||4.24||15.7||December 15, 2016||December 30, 2016|
|Q2 2016||5.52||20.4||December 15, 2016||December 30, 2016|
|Q1 2016||3.19||11.8||June 9, 2016||June 21, 2016|
|Q4 2015||1.59||5.9||March 7, 2016||March 17, 2016|
|Q3 2015||3.50||13.0||December 3, 2015||December 16, 2015|
|Q2 2015||4.12||15.4||September 18, 2015||September 30, 2015|
|Q1 2015||6.40||24.2||June 10, 2015||June 22, 2015|
|Q4 2014||1.33||5.1||March 5, 2015||March 20, 2015|
|Q3 2014||3.64||13.7||December 4, 2014||December 15, 2014|
|Q2 2014||3.81||14.4||September 15, 2014||September 25, 2014|
|Q1 2014||1.53||5.8||June 12, 2014||June 27, 2014|
|Q3 2013||2.38||9.0||November 29, 2013||December 9, 2013|
|H1 2013||4.05||15.3||September 23, 2013||October 2, 2013|
|2012||11.8||44.6||June 14, 2013||June 28, 2013|