Selvaag Bolig ASA: Selvaag Bolig reduces dividend for second half of 2019
The board of Selvaag Bolig ASA has resolved today to propose to the annual general meeting that thepreviously announced dividend for the second half of 2019 will be reduced from NOK 3.00 per share to NOK 1.50. This decision has been taken as a result of the uncertainty created by the effects of the Covid-19 pandemic. Selvaag Bolig has a strong balance sheet and good liquidity, and the decision does not signal any change in its dividend policy. The board emphasises that this decision does not reflect a weakening housing market, but is motivated by the desire to