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.

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

27-02-2017

07-04-2017

10-04-2017

 21-04-2017

2015

8.25 DKK

403 mDKK

24-02-2016

08-04-2016

11-04-2016

25-04-2016

2014

6.00 DKK

293 mDKK

24-02-2015

11-04-2015

13-04-2015

27-04-2015

2013

4.50 DKK

220 mDKK

25-02-2014

05-04-2014

07-04-2014

29-04-2014

2012

2.00 DKK

98 mDKK

27-02-2013

18-04-2013

19-04-2013

30-04-2013

2011

1.00 DKK

49 mDKK

28-02-2012

26-03-2012

27-03-2012

11-04-2012

2010

3.91 DKK

191 mDKK

21-02-2012

07-04-2011

08-04-2011

20-04-2011

2009

6.02 DKK

18 mDKK

15-02-2010

15-02-2010

N/A

02-03-2010

 

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 .