Selvaag Bolig ASA: FY 2020 and Q4 2020: record profit and dividend for 2020
Selvaag Bolig achieved a profit per share of NOK 16.33 in 2020 and paid a dividend of NOK 25.00 per share. Given the solid underlying results, the board proposes a further payout of NOK 3 per share for the second half of 2020. “We had a good year in 2020, with strong profits and an exceptional return to our shareholders,” comments CEO Sverre Molvik. “A large part of the profit and the dividend paid derived from the sale of our land bank to Urban Property, but the underlying results were also good. “The collaboration with Urban Property reduces our need for equity, strengthens our