Elkem ASA Proposes Dividend of NOK 0.30 Per Share for 2024

Author: Dylan Bailey Updated: 02-12-2025 01:40 AM

Overview of Elkem ASA's Proposed Cash Dividend

Elkem ASA, a prominent provider of silicon-based materials, has made a significant announcement regarding its proposed cash dividend. The company's board of directors has decided to recommend an ordinary dividend of NOK 0.30 per share at the upcoming Annual General Meeting. This decision underlines Elkem's strong performance and commitment to providing value to its shareholders.

Details of the Proposed Dividend

The proposed dividend structure is as follows:

Dividend Amount: NOK 0.30 per share
Declared Currency: NOK
Date of Approval: 30 April 2025
Last Day Including Right: 30 April 2025
Ex-Dividend Date: 02 May 2025
Record Date: 05 May 2025
Payment Date: On or about 12 May 2025

This information is crucial for investors as they assess their earnings potential from the upcoming financial year.

Importance of the Dividend for Shareholders

The proposed dividend reflects Elkem's robust financial health and its ongoing commitment to return value to shareholders. Such initiatives are pivotal, especially in challenging economic times, as they provide stakeholders with assured earnings and showcase the company's operational proficiency.

About Elkem ASA

Elkem ASA is a global leader in the development of advanced silicon-based materials, working towards shaping a sustainable future. The company excels in creating silicones, silicon products, and carbon solutions by leveraging natural raw materials and renewable energy resources, paired with human innovation.

Elkem plays a vital role in enhancing various industries, including electric mobility, digital communications, healthcare, and the construction of intelligent, sustainable cities. With operations dating back to 1904, the company has built a worldwide team of over 7,200 dedicated professionals, all committed to maximizing stakeholder potential.

In its recent fiscal discussions, Elkem revealed that it attained an impressive operating income totaling NOK 33 billion, a testament to its successful operational strategies and market presence. The company has also received commendations for its environmental efforts, achieving high scores from sustainability organizations, notably in the domains of forests and water security.

Contact Information

For further information regarding the proposed dividend or Elkem's strategic initiatives, interested parties may reach out to:

Odd-Geir Lyngstad
VP Finance & Investor Relations
Tel: +47 976 72 806
Marianne Stigset
VP Corporate Communications & Public Affairs
Tel: +47 411 88 482

Elkem ASA remains committed to transparency and communication with its stakeholders, ensuring they are well-informed about the company's activities and future plans.

Frequently Asked Questions

What is the proposed cash dividend for 2024?

The proposed cash dividend for 2024 is NOK 0.30 per share.

When will the dividend be approved?

The dividend is set to be approved on 30 April 2025 during the Annual General Meeting.

What is the ex-dividend date?

The ex-dividend date has been proposed as 02 May 2025.

Why is this dividend significant?

It reflects Elkem's financial strength and commitment to share value with its investors.

Who can I contact for more information?

You can contact Odd-Geir Lyngstad or Marianne Stigset for further inquiries about the proposed dividend or company operations.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

Contact Dylan Bailey privately here. Or send an email with ATTN: Dylan Bailey as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.