It is StatoilHydro’s ambition to grow the ordinary cash dividend measured in NOK per share.
Furthermore, it is StatoilHydro’s intention to return to its shareholders, through cash dividends and share repurchase, an amount in the range of 45-50 per cent of consolidated net income as determined in accordance with IFRS.
In any one year, however, the aggregate of the cash dividend and share repurchases may be higher or lower than 45-50 per cent of net income, depending on the company’s evaluation of expected cash flows, capital expenditure plans, financing requirements and appropriate financial flexibility.
Published 2007-09-09, 20:56 CET | Updated 2008-05-07, 14:06 CET