Danske Bank will pay out dividend for the first half-year of 2024, intends to distribute released capital from exit of Norwegian personal customer business and the remaining 2024 net profit
July 19 2024 - 12:29AM
UK Regulatory
Danske Bank will pay out dividend for the first half-year of 2024,
intends to distribute released capital from exit of Norwegian
personal customer business and the remaining 2024 net profit
Company announcement no 31
2024
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Danske Bank A/S
Bernstorffsgade 40
DK - 1577 København V
Tel. +45 45 14 00 00
19 July 2024 |
Danske Bank will pay out dividend for the
first half-year of 2024,
intends to distribute released capital from exit of
Norwegian personal customer business
and the remaining 2024 net profit
As part of our Forward ’28 strategy, Danske Bank has set clear
ambitions to continue our efforts to strengthen our position as a
leading bank in the Nordic region for the benefit of customers,
society and shareholders. As part of our ambitions, we are
committed to consistently generate and distribute capital to our
shareholders.
Dividend for the first half-year of 2024
On the basis of our strong financial performance in the first
half-year of 2024 and our strong capital position at the end of the
period, the Board of Directors has approved an interim dividend of
DKK 7.5 per share, corresponding to 56% of net profit for the
period. The payment of the dividend will take place on 24 July 2024
with ex-dividend date on 22 July 2024.
Regarding capital distribution for 2025 and beyond, Danske Bank
will return to annual dividend payments.
Released capital from Norwegian personal customer
exit
During the fourth quarter of 2024, we intend to distribute the
released capital from the exit of our Norwegian personal customer
business as an extraordinary dividend payment once the sale to
Nordea has closed. The released capital is expected to amount to
approximately DKK 5.5 billion.
Distribution of remaining net profit for
2024
Finally, it is the intention of the Board of Directors to
distribute the full remaining net profit for the full-year of 2024
in 2025. This is subject to our continued strong financial
performance, relevant approvals, including from the Danish
Financial Supervisory Authority, and our capital ratios remaining
above our capital requirements.
Ongoing value creation
Creating value for our shareholders is crucial in the same way as
creating value for customers, employees and the societies we are
part of. Being able to attract capital from shareholders is a
prerequisite for a bank’s ability to lend and do business.
Following some years with limited capital distribution, we are
pleased that through our accelerated interim dividend payments in
2023 and 2024, we can benefit large professional investors, which
includes almost every major Danish pension fund and private
investors. Our shareholders count more than 175,000 private
individuals in Denmark, who have chosen to invest part of their
savings in Danske Bank shares.
Danske Bank’s dividend policy for 2025 and beyond remains
unchanged, targeting a dividend payout of 40-60% of net profit in
the form of annual dividend payments. Danske Bank has strong
capital and liquidity positions, and the Board of Directors remains
committed to our capital distribution policy.
Danske Bank
Contact: Mads Sixhøj, Chief Communications Consultant, tel. +45
45 14 14 00
- Company announcement no 31 2024
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