What happens to the share price when the company pays a dividend?

What happens to the share price when the company pays a dividend? When a listed company pays a dividend, the share price falls (all else being equal) by an amount corresponding to the size of the dividend. The day this occurs is set by the company paying the dividend and is referred to as the "ex-dividend" date or "ex date".

Dividend Shares 2026

Q: Why do not all companies pay dividends?

Why do not all companies pay dividends? There can be various reasons why companies do not pay dividends. Dividends are primarily distributed when companies are performing well and have surplus profits. Some companies may nevertheless prioritise using their surplus to finance further growth. Companies with poor earnings cannot afford to prioritise dividends.

Q: What does "dividend yield" mean?

What does "dividend yield" mean? Dividend yield is a measure of dividend relative to the share price and is calculated by dividing the dividend per share by the price per share. Dividend yield is the English term for the same concept. In financial markets, English terms are often used. Some Norwegians, for example, say "dividende" for dividend.

Q: What does Ex. date stand for?

What does Ex. date stand for? Ex. date is an abbreviation for "ex-dividend date", from which date the share is traded without the right to dividend. Some also say ex-day. In cases where companies have not announced an ex. date for when the share is traded ex-dividend, we have assumed that this will occur the day after the general meeting. However, this may change.

Which companies normally pay share dividends and when? Here you get an updated overview from DNB Carnegie

Companies that perform well often pay dividends to their shareholders. See our dividend calendar!

What are dividend shares?

"Dividend shares" are shares in companies that normally pay dividends to their shareholders. When you are a shareholder, you are entitled to your proportion of the value the company creates. If the company performs well, the general meeting may decide to pay out dividends. A dividend is a cash payout on a share you own. The number of shares you own therefore determines the size of the dividend, and the number of votes you have at the general meeting.

See our dividend overview

Frequently asked questions about dividend shares

When and how often are dividends paid?

Dividends are paid when the general meeting of the company decides to distribute a proportion of the profit to shareholders. Dividend payments normally occur annually (Annual), semi-annually (Semi-annual) or quarterly (Quarter), but can also be paid on an extraordinary (irregular) basis.

More frequent dividends becoming increasingly common

In recent years, we have seen more and more companies moving to dividends several times a year, either twice per year, once per quarter or even monthly. Particularly within shipping and energy, we see that several companies are choosing this approach.

In our dividend overview, you can see when various Norwegian companies have decided to pay dividends.

What does ex-dividend mean?

When a dividend has been finally decided and paid out, it is too late to buy the share to receive the announced dividend. After that, the share can only be traded ex-dividend. In cases where companies have not yet publicly announced a final date for when the share will trade ex-dividend, you can assume that this will occur the day after the general meeting.

Do I have to pay tax on the dividend?

Yes, a dividend is considered share income and must be taxed.Read more about it here.

Why do not all companies pay dividends?

What does "dividend yield" mean?

What does Ex. date stand for?

What does dividend frequency mean?

Some companies choose to split the approved dividend with either semi-annual, quarterly, monthly or completely irregular payments.

Dividend frequency is therefore an expression of how often the company will pay out dividends.

In our dividend calendar this is abbreviated in English.

The abbreviations mean the following in Norwegian:

Annual = Årlig

Semi-Anl = Halvårlig

Quarter = Kvartalsvis

Monthly = Månedlig

Irreg = Uregelmessig

Learn more about shares and the stock exchange

Dividend calendar 2026 (2027)

Updated 11 May 2026

Company	Dividend	Currency	Dividend frequency	Ex-date	Payout
Odfjell SE	4,74	NOK	Semi-annual	16 February 2026	24 February
Western Bulk Chartering ASA	1,21	NOK	Annual	16 February 2026	25 February
Equinor ASA (Q3 25)	0,37	USD	Quarter	16 February 2026	27 February
Energy Holdings	0,03	USD	Irreg	18 February 2026	24 February
Mowi ASA	1,50	NOK	Quarter	20-Feb-2026	2-Mar
DOF Group	0,35	NOK	Quarter	25-Feb-2026	5-Mar
Panoro Energy ASA	0,44	NOK	Quarter	27-Feb-2026	10-Mar
Skandia Greenpower	0,05	NOK	Irreg	27 February 2026	9 March
Borgestad ASA	0,50	NOK	Annual	2 March 2026	6 March
Okeanis Eco Tankers	1,55	USD	Quarter	2 March 2026	10 March
Integrated Wind Solutions	3,00	NOK	Annual	2-Mar-2026	11-Mar
Odfjell Drilling Ltd	0,23	USD	Quarter	4-Mar-2026	19-Mar
SATS ASA	0,67	NOK	Annual	4 March 2026	9 March
Paratus Energy	0,22	USD	Quarter	5 March 2026	13 March
Hafnia Ltd	0,18	USD	Quarter	5-Mar-2026	18-Mar
Odfjell Technology	1,52	NOK	Quarter	10-Mar-2026	31-Mar
Frontline	1,03	USD	Quarter	11-Mar-2026	19-Mar
BW LPG	0,57	USD	Quarter	12 March 2026	23 March
Delia Group	4,60	NOK	Annual	16 March 2026	24 March
Holand og Setskog Sparebank	5.00	NOK	Annual	20 March 2026	31 March
Nidaros Sparebank	5.75	NOK	Annual	20 March 2026	31 March
MPC Container Ships private limited company (AS)	0,05	USD	Quarter	20 March 2026	27 March
Melhus Sparebank	13,50	NOK	Annual	20 March 2026	7 April
Aasen Sparebank	10,00	NOK	Annual	20 March 2026	31 March
Sparebank1 Helgeland	7,67	NOK	Annual	25 March 2026	31 March
TietoEVRY Oyj (1)	0,44	EUR	Semi-Anl	25-Mar-2026	2-Apr
Sparebank 1 Østfold Akershus	24,50	NOK	Annual	26-Mar-2026	7-Apr
Rogaland Sparebank	11,70	NOK	Annual	26 March 2026	8 April
Hunter Group	0,58	NOK	Irreg	26 March 2026	7 April
Skue Sparebank	22,27	NOK	Annual	26-Mar-2026	8-Apr
Aurskog Sparebank	17,00	NOK	Annual	26 March 2026	8 April
Skagerak Sparebank	13.28	NOK	Annual	27 March 2026	14 April
Flekkefjord Sparebank	6.40	NOK	Annual	27 March 2026	8 April
Sparebank 68 Nord	13,50	NOK	Annual	27 March 2026	9 April
Sparebank 1 Østlandet	12,70	NOK	Annual	27 March 2026	8 April
SpareBank 1 Ringerike Hadeland	44,00	NOK	Annual	27 March 2026	10 April
Sparebanken Norge	12,00	NOK	Annual	27 March 2026	8 April
SpareBank 1 Nord Norge	8,50	NOK	Annual	27 March 2026	8 April
SpareBank 1 SMN	13,50	NOK	Annual	27 March 2026	8 April
Gjensidige Forsikring ASA	14,50	NOK	Annual	27 March 2026	10 April
Trønderlag Sparebank	5,00	NOK	Annual	27 March 2026	9 April
Sparebanken Øst	6,90	NOK	Annual	27 March 2026	9 April
Jæren Sparebank	20,00	NOK	Annual	27 March 2026	9 April
Kraft Bank	0,76	NOK	Annual	27 March 2026	8 April
Romerike Sparebank	10,50	NOK	Annual	27 March 2026	9 April
Pioneer Property	2,50	NOK	Quarterly	31-Mar-2026	10-Apr
Sea1 Offshore	4,00	NOK	Irreg	7-Apr-2026	16-Apr
Gulf Keystone Petroleum	0,06	USD	Semi-Anl	9 April 2026	27 April
Sparebanken Møre	7,00	NOK	Annual	9 April 2026	17 April
Grong Sparebank	11,00	NOK	Annual	9-Apr-2026	17-Apr
Bien Sparebank	5,74	NOK	Annual	9-Apr-2026	15-Apr
Instabank	0,09	NOK	Annual	10-Apr-2026	20-Apr
Storebrand ASA	5,40	NOK	Annual	10 April 2026	21 April
Pareto Bank ASA	8,00	NOK	Annual	10 April 2026	20 April
Kongsberg Gruppen ASA	5,70	NOK	Annual	14-Apr-2026	22-Apr
AKVA Group ASA	1,00	NOK	Semi-Anl	14-Apr-2026	21-Apr
CMB.TECH	0,16	USD	Quarter	14-Apr-2026	27-Apr
Noram Drilling	0,04	USD	Monthly	14 April 2026	22 April
North Energy	0,13	NOK	Annual	15 April 2026	24 April
SpareBank 1 Nordmøre	11,00	NOK	Annual	16-Apr-2026	23-Apr
Sogn Sparebank	22,00	NOK	Annual	16 April 2026	30 April
Multiconsult ASA	5,00	NOK	Annual	17 April 2026	27 April
Aker Solutions ASA	8,60	NOK	Annual	17 April 2026	27 April
ABG Sundal Collier Holding ASA	0.55	NOK	Annual	17 April 2026	27 April
Borregaard ASA	4,75	NOK	Annual	17-Apr-2026	27-Apr
Grieg Seafood ASA	35,64	NOK	Annual	20-Apr-2026	28-Apr
Stolt-Nielsen Ltd	1,00	USD	Semi-Anl	21-Apr-2026	6-May
DNB ASA	18,00	NOK	Annual	22 April 2026	30 April
Entra ASA	1,10	NOK	Semi-Annual	22 April 2026	5 May
Aker ASA	29,00	NOK	Semi-Anl	23 April 2026	5 May
Haugesund Sparebank	10,10	NOK	Annual	23-Apr-2026	7-May
Orkla ASA	6,00	NOK	Annual	24-Apr-2026	7-May
SpareBank 1 Sør-Norge	12,00	NOK	Annual	24 April 2026	4 May
TOMRA Systems ASA	2,15	NOK	Annual	24 April 2026	19 May
Eidesvik Offshore ASA	0,20	NOK	Annual	24 April 2026	5 May
Kitron ASA	0,70	NOK	Semi-Annual	27 April 2026	15 May
Protector Forsikring ASA	8,00	NOK	Quarter	28 April 2026	7 May
Omda	0,47	NOK	Annual	29 April 2026	15 May
2020 Bulkers	129,50	NOK	Irreg	29 April 2026	8 May
Europris ASA	3,75	NOK	Annual	30-Apr-2026	11-May
Elektroimportøren	0,40	NOK	Semi-Annual	30-Apr-2026	11-May
Bakkafrost P/F	3,45	DKK	Annual	4-May-2026	21-May
Goodtech ASA	0,50	NOK	Annual	4 May 2026	15 May
Selvaag Bolig ASA	1.00	NOK	Semi-Annual	4 May 2026	12 May
Wilh Wilhelmsen Holding ASA	20,00	NOK	Semi-Anl	4 May 2026	20 May
Elmera Group	2,00	NOK	Annual	4 May 2026	12 April
Norconsult ASA	1,80	NOK	Annual	5 May 2026	13 May
Gentian Diagnostics	0,60	NOK	Annual	6 May 2026	18 June
Norwegian Air Shuttle ASA	0,80	NOK	Annual	7 May 2026	15 May
Medistim ASA	8,00	NOK	Annual	7 May 2026	18 May
Klaveness Combination Carriers	0,25	USD	Quarter	7 May 2026	20 May
Veidekke ASA	11,25	NOK	Annual	7 May 2026	20 May
Deep Value Driller	0.20	NOK	Monthly	8 May 2026	19 May
TGS	0,16	USD	Quarter	8 May 2026	27 May
Norsk Hydro ASA	3,00	NOK	Annual	8-May-2026	19-May
Stainless Tankers	0,14	USD	Quarter	8 May 2026	1 June
Smartoptics Group ASA	0.60	NOK	Annual	8 May 2026	20 May
Constellation Oil Services (1)	0.30	USD	Quarter	8 May 2026	21 May
Moreld	0,50	NOK	Quarter	11 May 2026	20 May
Cambi ASA	0,30	NOK	Annual	11-May-2026	20-May
Kid ASA	2,50	NOK	Semi-Anl	12 May 2026	27 May
Polaris Media ASA	3,30	NOK	Annual	12 May 2026	20 May
Aker BP ASA	0,66	USD	Quarter	12 May 2026	21 May
Sentia	5,50	NOK	Annual	13 May 2026	26 May
Equinor ASA (Q4 25)	0.39	USD	Quarter	13 May 2026	27 May
Arendals Fossekompani A/S	3.00	NOK	Quarter	13 May 2026	29 May
Yara International ASA	22,00	NOK	Annual	13 May 2026	28 May
Elopak (1)	0,10	EUR	Semi-Annual	15 May 2026	27 May
DNO ASA	0,38	NOK	Quarter	15 May 2026	28 May
Bouvet ASA	3,00	NOK	Annual	15-May-2026	27-May
AF Gruppen ASA	6,50	NOK	Annual	15 May 2026	22 May
Himalaya Shipping	0,15	USD	Monthly	18 May 2026	26 May
Hoegh Autoliners ASA	4,55	NOK	Quarter	18 May 2026	28 August
Solstad Offshore	0,10	USD	Quarter	18 May 2026	27 May
Solstad Maritime	0,09	USD	Quarter	18-May-2026	21-May
Webstep Private Limited Company (AS)	1,49	NOK	Annual	20 May 2026	29 May
Telenor ASA (1)	5.00	NOK	Semi-Annual	20 May 2026	2 June
Subsea 7 SA (1)	13.00	NOK	Annual	20 May 2026	28 May
Atea ASA (1)	3,75	NOK	Semi-annual	20 May 2026	26 May
Norbit ASA	5,00	NOK	Annual	21-May-2026	3-Jun
Vistin Pharma ASA	1,00	NOK	Semi-Anl	22 May 2026	29 May
Bluenord	36,17	NOK	Irreg	22 May 2026	28 May
B2Impact ASA	1,90	NOK	Annual	26 May 2026	3 June
Softwareone	0,15	CHF	Annual	27 May 2026	3 June
Bonheur ASA	7,30	NOK	Annual	28-May-2026	5-Jun
Jinhui Shipping & Transportati	0,02	USD	Semi-Anl	28 May 2026	23 June
Leroy Seafood Group ASA	2,50	NOK	Annual	28 May 2026	8 June
Arribatec	1,00	NOK	Irreg	28 May 2026	5 June
Itera ASA	0,20	NOK	Semi-Anl	28 May 2026	10 June
ABL Group	0,45	NOK	Semi-Anl	28-May-2026	15-Jun
PetroNor	3,25	NOK	Irreg	29 May 2026	24 June
Austevoll Seafood ASA	6,50	NOK	Annual	29 May 2026	12 June
Petrolia	0,02	USD	Irreg	29 May 2026	12 June
Constellation Oil Services (2)	0,30	USD	Quarter	2 June 2026	16 June
Vår Energi	1,11	NOK	Quarter	3-Jun-2026	12-Jun
Zaptech	2,00	NOK	Annual	11 June 2026	19 June
Salmar ASA	10,00	NOK	Annual	24 June 2026	7 July
Public Property Invest (1)	0,25	NOK	Quarter	1 July 2026	9 July
Equinor ASA (Q1 26)	0,39	USD	Quarter	13 August 2026	27 August
Constellation Oil Services (3)	0,30	USD	Quarter	25-Aug-2026	4-Sep
Public Property Invest (2)	0,25	NOK	Quarter	1 October 2026	9 October
Telenor (2)	4,70	NOK	Semi-Annual	15 October 2026	27 October
Atea ASA (2)	3,75	NOK	Semi-Anl	18 November 2026	23 November
Constellation Oil Services (4)	0,30	USD	Quarter	25 November 2026	7 December
Public Property Invest (3)	0,25	NOK	Quarter	4 January 2027	12 January
Public Property Invest (4)	0,25	NOK	Quarter	1 April 2027	9 April

Sources: Companies, Newsweb, Bloomberg, Infront, DNB Carnegie.

Many companies pay dividends on approximately the same dates from year to year: Here is the list for 2025

Note: Dividend announcements are made at irregular intervals and this overview is unlikely to be complete at all times. Follow stock exchange announcements yourself or read our daily morning report to stay updated.

Tax on share dividends

Dividends are share income that is subject to tax. The percentage rate you must pay is determined by the parliamentary majority through the national budget.

Dividends received in 2025 are added to income on the tax return for the same year and reported in 2026.

You must pay tax on the entire dividend amount minus a so-called shielding deduction. The shielding rate, or shielding deduction, broadly follows the bank interest rate and is set by the Norwegian Tax Administration each year. The principle is that you only need to pay tax on share gains, or dividends, that exceed the risk-free rate of return.

See calculation examples on Skatteetaten.no

Find shielding interest

Dividend Tax Rate 2025/2026

The basic dividend tax rate is 22 per cent. In 2022, it was decided that the rate should be multiplied by 1.72 for individuals. This gives a tax rate of 37.84 per cent. This rate still applies.

NB! Taxable dividend is after shielding deduction.

Source: Skatteetaten.no

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Please note: Dividend notifications are issued at irregular intervals and this overview is unlikely to be complete at all times. Follow stock exchange announcements yourself or read Our daily morning report to stay updated.

Disclaimer: Dates and information shared on this page are based on sources considered reliable, but DNB Carnegie does not guarantee that the information is accurate or complete. The content on this page must not be interpreted as an offer to buy or sell financial instruments or as a recommendation regarding investment strategy. DNB Carnegie accepts no responsibility, either for direct or indirect losses, resulting from your own interpretations of the content on this page. Here you can read our full disclaimer.