Our dividend
Dividend policy
It is our ambition to grow the annual cash dividend, measured in USD per share, in line with long term underlying earnings. We announce dividends on a quarterly basis.
The Board approves Q1—Q3 interim dividends based on an authorisation from the Annual General Meeting (AGM), while the AGM approves the Q4 (and total annual) dividend based on a proposal from the Board.
When deciding the interim dividends and recommending the total annual dividend level, the Board will take into consideration expected cash flow, capital expenditure plans, financing requirements and appropriate financial flexibility.
In addition to cash dividend, Equinor intends to buy back shares as part of total distribution of capital to the shareholders.
USD 0.30*
Q4 ordinary cash dividend
*) subject to AGM approval on 10 May 2023
USD 0.60*
Q4 extraordinary dividend
11 May
Ex. dividend (OSE and NYSE)
25 May
Next payment
Dividend dates and payments
As of 1 January 2019, new rules concerning the application of a lower withholding tax rate than 25 percent will apply on dividend distributions from Norwegian companies to foreign shareholders.
For further details, please see link here. We recommend you to contact your broker for further details.
Dividend amount
From and including the third quarter of 2015, dividend is declared in USD, and the NOK dividend will be calculated and communicated four business days after the record date for Oslo Børs shareholders. The NOK dividend will be based on average USD/NOK fixing rates from Norges Bank in the period plus/minus three business days from record date, in total seven business days.
OSE – Quarterly dividend payments
2022
Quarter | Ordinary cash | Extraordinary cash dividend | Announcement | Ex-dividend | Record | Payment | Exchange |
|---|---|---|---|---|---|---|---|
| Q4 2022 | 0.30 USD* | 0.60 USD* | 8 Feb 2023 | 11 May 2023 | 12 May 2023 | 25 May 2023 |
NYSE – Quarterly dividend payments
2022
Quarter | Ordinary cash dividend | Extraordinary cash dividend | Announcement | Ex-dividend | Record | Payment |
|---|---|---|---|---|---|---|
| Q4 2022 | 0.30 USD* | 0.60 USD* | 8 Feb 2023 | 11 May 2023 | 12 May 2023 | 25 May 2023 |
Historic dividend
Share buyback
Share buybacks are an integrated part of the Equinor dividend policy.
The Annual General Meeting in Equinor ASA on 11 May 2022 authorised the board of directors to acquire own shares in the market. According to the authorisation, the maximum number of shares to be purchased in the market is 75,000,000, the minimum price that can be paid for shares is NOK 50, and the maximum price is NOK 1000. The authorisation is valid until the earlier of 30 June 2023 and the annual general meeting in 2023.
Equinor ASA and the Norwegian State, represented by the Ministry of Trade, Industry and Fisheries, have entered into an agreement which regulates the redemption and annulment of a proportional share of the State's shares, ensuring that the State's owner interest in Equinor ASA remains unchanged.