Dividends

Read more about our cash distribution policy.

Yara’s capital allocation policy is based on an overall objective to maintain a mid-investment grade credit rating, while at the same time providing investors with a potential for cyclical upside in dividends. Yara’s targeted capital structure is a mid- to long-term net debt/EBITDA range of 1.5-2.0 and a net debt/equity ratio below 0.60. Subject to these requirements, Yara’s ordinary dividend shall be 50% of net income. Shareholder returns are distributed primarily as cash, with share buybacks as a supplemental lever. The dividend pertaining to a fiscal year is declared at our annual general meeting as follows:

Year

EPS

DPS (NOK)

Date proposed

Date approved

 Record date

Payment date

ADR payment date

2018

 USD 0.58

6.50

2019-02-08

2019-05-07

2019-05-09

2019-05-20

2019-05-28

2017

NOK 14.45

6.50

2018-02-08

2018-05-08

2018-05-11

2018-05-23

2018-05-31

2016

NOK 23.25

10.00

2017-02-09

2017-05-11

2017-05-15

2017-05-23

2017-05-31

2015

NOK 29.38

15.00

2016-02-11

2016-05-10

2016-05-12

2016-05-24

2016-06-01

2014

NOK 27.59

13.00

2015-02-11

2015-05-11

2015-05-13

2015-05-21

2015-05-29

2013

NOK 20.63

10.00

2014-02-12

2014-05-05

2014-05-08

2014-05-15

2014-05-22

2012

NOK 37.49

13.00

2013-02-12

2013-05-13

2013-05-16

2013-05-28

2013-06-04

2011

NOK 41.99

7.00

2012-02-07

2012-05-10

2012-05-15

2012-05-23

2012-05-31

2010

NOK 30.24

5.50

2011-02-15

2011-05-10

2011-05-13

2011-05-23

2011-05-31

2009

NOK 13.08

4.50

2010-02-15

2010-05-11

2010-05-18

2010-05-26

2010-06-03

2008

NOK 28.27

4.50

2009-02-17

2009-05-07

2009-05-12

2009-05-19

2009-05-27

2007

NOK 20.60

4.00

2008-02-14

2008-05-08

2008-05-14

2008-05-21

2008-05-29

2006

NOK 13.86

2.50

2007-02-09

2007-05-10

2007-05-15

2007-05-23

2007-05-31

2005

NOK 10.20

2.35

2006-02-17

2006-05-11

2006-05-16

2006-05-24

2006-06-01

2004

NOK 11.79

2.25

2005-02-18

2005-05-19

2005-05-24

2005-06-03

2005-06-10