Dividend and share buyback

Dividend and share buyback

GN’s overall financial target is to deliver a competitive shareholder return through a combination of dividend payments and share price appreciation. GN aims to pay out a dividend corresponding to 15-25% of the annual net results and will initiate share buyback programs when deemed appropriate contingent of granted authorization by the shareholders. 

Dividend payments and share buybacks are subject to, among other things, cash requirements to support the ongoing operations, strategic opportunities and the capital structure. It is GN’s long-term target to maintain a capital structure consisting of a combination of debt and equity subject to a net interest-bearing debt of up to a maximum of two times EBITDA. 

Dividend and share buyback 2011 - 2015