#Cash Dividend #Norway #Oslo #Elkem ASA #NOK 0.30

Elkem ASA Announces Proposed Cash Dividend for 2024

Elkem ASA, a prominent name in the realm of advanced silicon-based materials, has revealed a significant proposal ahead of its Annual General Meeting. The company’s board of directors is advocating for an ordinary cash dividend of NOK 0.30 per share, aggregated for the fiscal year 2024.

This proposed dividend reflects Elkem’s commitment to delivering robust value to its shareholders while maintaining a sustainable growth trajectory. The official approval date is scheduled for April 30, 2025, during the Annual General Meeting, where shareholders will have the opportunity to participate in crucial decision-making. If sanctioned, the dividend's ex-dividend date will be set for May 2, 2025, meaning shares must be held one day prior to receive this dividend payout.

From the announcement, the record date for the dividend is confirmed as May 5, 2025, ensuring that shareholders eligible for the dividend must be documented as of this date. The anticipated payment date is slated for around May 12, 2025, aligning with typical business practices which provide a clear timeline for investors.

Elkem’s Track Record and Future Goals

Elkem ASA has established a strong pedigree since its incorporation in 1904, continually evolving to meet the increasing demands of sectors that utilize silicon-based materials. With an operating income of NOK 33 billion in 2024, Elkem has consistently prioritized innovation and sustainability, evident in their development of products that contribute to various vital industries such as electric mobility and digital communications.

The company prides itself on its responsible business practices, having achieved top scores in areas concerning forests and water security as well as climate change initiatives, as noted by the Carbon Disclosure Project (CDP). Elkem’s dedication to sustainable practices positions it favorably in the evolving corporate landscape where environmental consciousness is increasingly important to consumers and investors alike.

The Future of Elkem ASA

As it stands, Elkem ASA remains a cornerstone within the Norwegian economy, with more than 7,200 employees globally contributing to the company's mission of paving the way for a greener, more sustainable future. Investors looking for consistent returns and a strong commitment to sustainability may find Elkem's dividend proposal an attractive opportunity.

As shareholders await the result of the proposal, there will be ongoing discussions around Elkem's performance and strategic direction, particularly focusing on how upcoming initiatives might further enhance shareholder value.

Investor Relations Information

For further inquiries about the proposed dividend or other investor-related questions, Elkem has made their representatives available. Odd-Geir Lyngstad, Vice President of Finance Investor Relations, can be contacted at +47 976 72 806, while Marianne Stigset, Vice President of Corporate Communications, can be reached at +47 411 88 482. Each of these representatives is ready to provide clarity on the matters concerning the company’s dividend strategy and overall performance.

In conclusion, Elkem ASA’s proposal for a NOK 0.30 dividend per share epitomizes its longstanding commitment to satisfying shareholders and enhancing sustainable innovation. Elkem continues to demonstrate that profitability and responsibility can coexist, inviting both existing and potential investors to consider the long-term benefits of engaging with their growth story.