Dividend
Proposed dividend for the year will be determined based on the following principle:
- A fixed amount of DKK 7.75 per share (in 2011), which will be increased by DKK 0.25 per year if the shareholders’ share of profit for the year after tax is within the payout ratio range
- A payout ratio of minimum 40% and maximum 60% of the shareholders’ share of the business performance results for the year after tax less coupon after tax to hybrid capital holders and the non-controlling interests’ share of profit for the year.
| Dividend-related key ratios |
2011 |
2010 |
2009 |
2008 |
2007 |
| Dividend (DKKm) |
1,457* |
2,203 |
481 |
1,926 |
1,469 |
| Dividend (per DKK 100 share) |
4.96* |
7.50 |
1.64 |
6.56 |
5.00 |
| Payout ratio (%) |
60 |
52 |
60 |
44 |
50 |
*Proposed dividend