Dividend
The dividend for 2010, paid in 2011, was DKK 7.5 per share (DKK 2.2bn). The annual dividend is to increase by DKK 0.25 per share (DKK 73m) in the subsequent years.
However, the payout ratio, determined as profit for the year after tax attributable to the company’s shareholders (less coupon after tax to hybrid capital holders and noncontrolling interests’ share of profit for the year), must not fall below 40% or exceed 60%.
| Dividend-related key ratios |
2010 |
2009 |
2008 |
2007 |
2006 |
| Dividend (DKKm) |
2,203 |
481 |
1,926 |
1,469 |
1,.967 |
| Dividend (per DKK 100 share) |
7.5 |
1.64 |
6.56 |
5 |
6.7 |
| Payout ratio (%)* |
52 |
42 |
40 |
45 |
39 |
*Dividend/profit after tax