Odfjell Board Approves 2021 annual accounts, announce dividend

The Board of Directors of Odfjell SE has today approved the annual accounts for 2021. There are no changes in the final accounts compared with the preliminary financial statements published on February 8, 2022.

The Board proposes a dividend of NOK 1.00 per share for 2021 for the Annual General Meeting, to be held on May 4, 2022.

The Board has today approved a new dividend policy for the company that states the following: “Odfjell will pay out 50% of net income adjusted for extraordinary items. Other excess capital will be earmarked for extraordinary debt reductions, but may also be used for value creative investments, share buybacks and dividends. Dividends will be paid out semi-annually. The Board of Directors will propose to the General Meeting or decide on the timing and the final size of dividends, always contingent on the financial strength of the company.”
Odfjell SE’s complete Annual report for 2021 will be released on Monday, March 28.

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