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Norske Skog ASA produces and sells newsprint and magazine papers. It operates in two segments, Publication Paper Europe, and Publication Paper Australasia. The company offers standard newsprint and other paper qualities; and magazine paper comprising super calendared and lightweight coated paper. Its products are primarily used in newspapers and magazines, catalogues, inserts/flyers, supplements, free-sheets, directories, direct mail, brochures, and book paper. The company sells its products under the Nornews, Norbright, NorX, Norstar, Norcote, NorSC, Norbook, and Vantage brands. It operates in Norway, rest of Europe, North America, Australasia, Asia, and Africa. The company was founded in 1962 and is headquartered in Oslo, Norway.

Norske Skog Dividend Announcement

• Norske Skog announced a annually dividend of kr0.67 per ordinary share which will be made payable on 2023-11-28. Ex dividend date: 2023-11-20
• Norske Skog annual dividend for 2023 was kr0.67
• Norske Skog's trailing twelve-month (TTM) dividend yield is -%
• Norske Skog's payout ratio for the trailing twelve months (TTM) is 10.69%

Norske Skog Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-11-20kr0.67annually2023-11-28
2020-08-31kr3.00annually2020-09-07
2020-04-17kr3.25annually2020-04-24

Norske Skog Dividend per year

Norske Skog Dividend Yield

Norske Skog current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Norske Skog stock? Use our calculator to estimate your expected dividend yield:

Norske Skog Financial Ratios

P/E ratio3.67
PEG ratio-0.10
P/B ratio0.32
ROE8.82%
Payout ratio10.69%
Current ratio1.46
Quick ratio1.06
Cash Ratio0.73

Norske Skog Dividend FAQ

Does Norske Skog stock pay dividends?
Norske Skog does not currently pay dividends to its shareholders.
Has Norske Skog ever paid a dividend?
No, Norske Skog has no a history of paying dividends to its shareholders. Norske Skog is not known for its dividend payments.
Why doesn't Norske Skog pay dividends?
There are several potential reasons why Norske Skog would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Norske Skog ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Norske Skog has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Norske Skog a dividend aristocrat?
Norske Skog is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Norske Skog a dividend king?
Norske Skog is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Norske Skog a dividend stock?
No, Norske Skog is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Norske Skog stocks?
To buy Norske Skog you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Norske Skog stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.