Dividends & capital history

An overview of historical number of shares, dividends, stock buybacks and policy.

Dividend 2016

Novozymes’ decision to buy back stock or issue extraordinary dividends is based on an assessment of the need for capital, capital structure optimization, and whether excess capital can be invested in profitable growth opportunities. Stock buybacks may also be carried out to cover employee stock option obligations.


Novozymes’ dividend pay-out ratio for 2016 is 39%. Novozymes continues to target an annual dividend payout ratio of around 40% of net profit.

A new stock buyback program worth up to DKK 2 billion and corresponding to around 8.1 million B shares was initiated on January 24, 2017

Full capital history including number of shares

Year
Dividend
per share
Share capital
(million)
Average outstanding number
of shares (million)
Average outstanding number
of shares (diluted, million)
2016  4.00 620 300.5 303.1
2015 3.50 626 306.0 309.4
2014 3.00 639 311.9 315.1
2013 2.50 639 313.8 317.4
2012 2.20 650 314.0 318.3
2011
1.90
650
315.2
320.0
2010
1.60
650
313.2
319.4
2009
1.15
650
310.3
315.3
2008
1.05
650
309.3
315.0
2007
1.00
650
309.6
318.1
2006
0.90
650
314.4
322.5
2005
0.80
696
327.3
335.3
2004
0.70
726
341.4
349.2
2003
0.63
754
352.3
354.3
2002
0.45
754
361.7
366.1
2001
0.40
754
368.1
371.4
2000
0.33
754
376.5
377.0