Selvaag Bolig ASA: Dividend twice a year
The board of directors of Selvaag Bolig ASA wants to pay dividend twice a year.
"Our goal is to maximise the return to shareholders by increasing both the value of their shares and the dividend we pay. The company's solid financial position and good prospects mean that the board now wants to introduce a more active dividend policy. It is accordingly proposing to pay dividend twice a year rather than once," says CEO Baard Schumann.
Selvaag Bolig's goal is to pay a dividend of up to 50 per cent of its net profit. The board of Selvaag Bolig ASA has proposed a payment of NOK 1.20 per share for 2014, corresponding to 44 per cent of the net profit.
Further information from
Baard Schumann, CEO, Selvaag Bolig ASA
Telephone: +47 940 80 000, e-mail: bs@selvaagbolig.no
Sverre Molvik, CFO, Selvaag Bolig ASA
Telephone: +47 401 00 585, e-mail: smo@selvaagbolig.no
Selvaag Bolig ASA is a residential property developer controlling the entire value chain from acquisition of land to sale of homes. The company has several thousand homes under development at any given time, and focuses on the growth areas in and around Greater Oslo, Bergen, Stavanger and Trondheim. Selvaag Bolig represents a continuation of Selvaag's 60-year history and experience, and offers a broad variety of property types marketed under the brand names Start, Hjem and Pluss. The company is headquartered at Ullern in Oslo.