Zalaris will aim at making annual dividend payments around 50% of the net profits before tax. However, this should not influence targeted growth negatively and the capital structure should be sound and at a satisfactory level.
When deciding on the final dividend to be proposed for the General Meeting, the Board of Directors will also take into consideration Zalaris’ capital requirements, including legal restrictions, capital expenditure requirements and potential investment plans.
Zalaris’ overall objective is to create value for its shareholders through an attractive and competitive return in the form of an increase in the value of the share and through the distribution of dividends. The dividends paid should reflect the company’s growth and profitability.
For the fiscal years 2014, 2015 and 2016 Zalaris paid out NOK 0.75, NOK 0.85 and NOK 0.87 per share in dividend. The Board of Directors proposes that no dividend will be paid for FY/2018.
Dividend payout is subject to General Meeting final approval.