WWL ASAs’ objective is to provide shareholders with a competitive return over time through a combination of rising value for the WWL ASA share and payment of dividend to the shareholders.
WWL ASA targets a dividend which over time shall constitute between 30-50% of the company’s profit after tax. When deciding the size of the dividend, the board will consider future capital requirements to ensure the implementation of its growth strategy as well as the need to ensure that the group’s financial standing remains warrantable at all times. Dividends will be declared in USD and paid out semi-annually.
The board has decided not to recommend a dividend for 2017 at this time as the board would like to see a further strengthening of the solidity of the group before declaring a dividend.
The WWL ASA share price developed positively during 2017 and increased from NOK 35.90 per 31.12.2016 to NOK 59.00 per 31.12.2017 representing an increase of 64%. Following the merger with Wallroll the free float increased by around 70%, which positively impacted the liquidity and trading in the share.