Dividend Policy

Belships ASA aims to distribute quarterly cash dividends targeting about 50 per cent of net result adjusted for non-recurring items. Other surplus cash flow may be used for accelerated amortization of debt, share buy-backs or vessel acquisitions to be accretive to shareholders’ value. Belships believes this approach will create value for shareholders and has the flexibility to manage the Company and support the continued growth.

We are focused on capital discipline and returning capital to shareholders. A competitive return for our shareholders is to be obtained through increase in the value of the company’s shares and the payment of dividends, as measured by the total return. Since we announced a new dividend policy in Q2 2021, we have returned a total of USD 149.8m (NOK 5.6 per share) to shareholders.

Extraordinary Dividend Payments

YearQuarterDividend per share, NOKEx Dividend DateRecord DatePayable Date
2022Q11.2516.05.202218.05.202231.05.2022

Ordinary Dividend Payments

YearQuarterDividend per share, NOKEx Dividend DateRecord DatePayable Date
2022Q30.7516.11.202217.11.202205.12.2022
2022Q20.7523.08.202224.08.202207.09.2022
2022Q11.0016.05.202218.05.202231.05.2022
2021Q40.9023.02.202224.02.202210.03.2022
2021Q30.5516.11.202117.11.202129.11.2021
2021Q20.4020.08.202123.08.202103.09.2021