Dividend Policy

Bakkafrost aims to give its shareholders a competitive return on their investment, both through payment of dividends from the company and by securing an increase in the value of the equity through positive operations. 

Generally, the company should pay dividends to its shareholders, but it is the responsibility of the Board of Directors to make an overall assessment in order to secure the company a healthy capital base, both for daily operations and for a healthy future growth of the company.

A long-term goal for the Board of Directors is that 30–50% of adjusted EPS shall be paid out as dividends.


Key Information Regarding Cash Dividend

Dividend amount: 10.50 per share

Declared currency: DKK

Last day included right: 13 April 2018

Ex-date: 16 April 2018

Record date: 17 April 2018

Payment date: On or around 30 April 2018

Date of approval: 13 April 2018

Other information: The cash dividend will be paid in NOK. The currency rate NOK/DKK used in the cash dividend payment will be announced on Monday 16 April 2018.


Dividend Payments

Year Dividend per share Total dividend Date div. proposed Date div. approved Date ex. dividend Date div. paid
2016 8.70 DKK 425 mDKK 2017-02-27 2017-04-07 2017-04-10 2017-04-21
2015 8.25 DKK 403 mDKK 2016-02-24 2016-04-08 2016-04-11 2016-04-25
2014 6.00 DKK 293 mDKK 2015-02-24 2015-04-11 2015-04-13 2015-04-27
2013 4.50 DKK 220 mDKK 2014-02-25 2014-04-05 2014-04-07 2014-04-29
2012 2.00 DKK 98 mDKK 2013-02-27 2013-04-18 2013-04-19 2013-04-30
2011 1.00 DKK 49 mDKK 2012-02-28 2012-03-26 2012-03-27 2012-04-11
2010 3.91 DKK 191 mDKK 2011-02-21 2011-04-07 2011-04-08 2011-04-20
2009 6.02 DKK 18 mDKK 2010-02-15 2010-02-15 N/A 2010-03-02

Dividend Tax Refunds

When individuals and companies based in other countries pay taxes on dividends from Faroese companies in the Faroe Islands and their home country, they may apply for a dividend tax refund from the Faroese Tax and Customs Authorities (TAKS) if valid double taxation treaty is in place with that country.

Shareholders from the Nordic countries are eligible for a dividend tax refund in accordance with the Nordic tax treaty for the avoidance of double taxation. The Faroe Islands also have double taxation treaties with Britain, Switzerland and India. Shareholders residing in these countries are eligible for a dividend tax refund in accordance with the rates specified in these respective treaties.

An outline of countries having entered into a double taxation treaty with the Faroe Islands with regards to dividend tax can be seen on http://www.taks.fo/en/business/dividend-tax-refunds/terms-and-application/

To claim the refund, shareholders are required to fill out a form and send it by post or email to TAKS. The form is available on http://www.taks.fo/en/business/dividend-tax-refunds/

Before sending the form to TAKS, shareholders need documentation from the competent tax authority to certify that they are covered by the double taxation treaty between the residing country and the Faroe Islands.

For assistance to fill out the form, reach out to TAKS by phone (+298) 352600 or by email.