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NOK182 1.3  0.7%

Last Trade - 04/05/21

Large Cap
Market Cap £24.20bn
Enterprise Value £56.18bn
Revenue £5.02bn
Position in Universe 29th / 1836

Norway's DNB to decide on 2019 dividend "no later than December"

Thu 2nd April, 2020 7:55am
OSLO, April 2 (Reuters) - Norway's biggest bank DNB  DNB.OL 
has postponed its annual general meeting and will decide whether
to pay a dividend for 2019 at an extraordinary general meeting
held "no later than December 2020," it said on Thursday.
    A decision on share buybacks will similarly be put off to a
later time, DNB added.
    Norway's financial industry regulator has told banks to
reconsider their dividend plans and share buybacks in light of
the economic disruption caused by the coronavirus outbreak.
    The Norwegian government is DNB's largest shareholder,
owning just over one third of the bank's stock.
    DNB in February proposed a dividend of 9 Norwegian crowns
per share for 2019, up 0.75 crown from a year earlier, and also
said it planned to increase its share buyback programme to 2.0%
of its overall stock.  urn:newsml:reuters.com:*:nL8N2A61P6

 (Reporting by Victoria Klesty, editing by Terje Solsvik)
 ((victoria.klesty@thomsonreuters.com; +47 2331 6592; Reuters
Messaging: victoria.klesty.thomsonreuters.com@reuters.net))
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