Wallenius Wilhelmsen ASA’s objective is to provide shareholders with a competitive return over time through a combination of an increase in share value and dividend payments.
Wallenius Wilhelmsen 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.
During 2020, the company entered into a waiver agreement with banks in the WW Ocean group to build liquidity. The banks agreed to defer USD 70m in scheduled instalments and dividends are restricted while any deferred amounts are outstanding. The Board does not propose a dividend for 2020 to the Annual General Meeting in April 2021.
The Wallenius Wilhelmsen ASA share price developed positively during 2020, from NOK 21.82 on 31 December 2019 to NOK 23.20 on 31 December 2020, representing an increase of 6%.