What happens to the share price when the company pays dividends?

What happens to the share price when the company pays dividends? When a listed company pays dividends, 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 out dividends?

Why do not all companies pay out 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' or 'dividend yield' mean?

What does 'dividend yield' or 'dividend yield' mean? Dividend yield is a measure of dividends in relation 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. English terms are often used in the financial markets. Some Norwegians, for example, say 'dividende' for dividends.

Q: What does Ex. date stand for?

What does Ex. date stand for? Ex. date is an abbreviation for "date excluding dividend", 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 excluding 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 owners. See our dividend calendar!

What are dividend shares?

"Dividend shares" are shares in companies that normally pay dividends to their owners. 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 can decide to pay out dividends. A dividend is a cash payout from 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 extraordinarily (irregularly).

Increasingly common with more frequent dividends

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 (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 happen 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 out dividends?

What does 'dividend yield' or '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.

The 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 = Annually

Semi-Anl = Semi-annually

Quarter = Quarterly

Monthly = Monthly

Irreg = Irregular

Learn more about shares and the stock exchange

Dividend calendar 2026 (2027)

Updated 21 August 2026

Company	Dividend	Currency	Dividend frequency	Ex date	Payout
Western Bulk Chartering ASA	1,21	NOK	Annual	16-Feb-2026	25-Feb
Energy Holdings	0.03	USD	Irreg	18-Feb-2026	24-Feb
Skandia Greenpower	0.05	NOK	Irreg	27 February 2026	9 March
Borgestad ASA	0.50	NOK	Annual	2 March 2026	6 March
Odfjell Technology	1.52	NOK	Quarter	10-Mar-2026	31-Mar
Delia Group	4.60	NOK	Annual	16 March 2026	24 March
Holand og Setskog Sparebank	5.00	NOK	Annual	20 March 2026	31 March
Melhus Sparebank	13.50	NOK	Annual	20 March 2026	7 April
Nidaros Sparebank	5.75	NOK	Annual	20 March 2026	31 March
Aasen Sparebank	10.00	NOK	Annual	20 March 2026	31 March
Sparebank1 Helgeland	7.67	NOK	Annual	25-Mar-2026	31-Mar
TietoEVRY Oyj (1)	0.44	EUR	Semi-annual	25-Mar-2026	2-Apr
Aurskog Sparebank	17.00	NOK	Annual	26 March 2026	8 April
Sparebank 1 Østfold Akershus	24.50	NOK	Annual	26 March 2026	7 April
Rogaland Sparebank	11,70	NOK	Annual	26-Mar-2026	8-Apr
Skue Sparebank	22,27	NOK	Annual	26 March 2026	8 April
Skagerak Sparebank	13.28	NOK	Annual	27 March 2026	14 April
Sparebank 68 Nord	13.50	NOK	Annual	27 March 2026	9 April
Sparebank 1 Østlandet	12.70	NOK	Annual	27 March 2026	9 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
Trønderlag Sparebank	5.00	NOK	Annual	27 March 2026	9 April
Jæren Sparebank	20.00	NOK	Annual	27 March 2026	9 April
Flekkefjord Sparebank	6.40	NOK	Annual	27 March 2026	8 April
Romerike Sparebank	10.50	NOK	Annual	27 March 2026	9 April
Sparebanken Øst	6.90	NOK	Annual	27 March 2026	9 April
Gjensidige Forsikring ASA	14.50	NOK	Annual	27 March 2026	10 April
Sparebanken Møre	7.00	NOK	Annual	9 April 2026	17 April
Grong Sparebank	11.00	NOK	Annual	9 April 2026	17 April
Bien Sparebank	5.74	NOK	Annual	9 April 2026	15 April
Gulf Keystone Petroleum	0.06	USD	Semi-Anl	9 April 2026	27 April
Storebrand ASA	5.40	NOK	Annual	10 April 2026	21 April
Instabank	0.09	NOK	Annual	10 April 2026	20 April
Pareto Bank ASA	8.00	NOK	Annual	10 April 2026	20 April
Kongsberg Gruppen ASA	5.70	NOK	Annual	14 April 2026	22 April
North Energy	0.13	NOK	Annual	15 April 2026	24 April
SpareBank 1 Nordmøre	11.00	NOK	Annual	16 April 2026	23 April
Sogn Sparebank	22.00	NOK	Annual	16 April 2026	30 April
Multiconsult ASA	5.00	NOK	Annual	17 April 2026	27 April
ABG Sundal Collier Holding ASA	0.55	NOK	Annual	17 April 2026	27 April
Aker Solutions ASA	8.60	NOK	Annual	17 April 2026	27 April
Borregaard ASA	4.75	NOK	Annual	17 April 2026	27 April
Grieg Seafood ASA	35.64	NOK	Annual	20-Apr-2026	28-Apr
Stolt-Nielsen Ltd	1.00	USD	Semi-Anl	21 April 2026	6 May
DNB ASA	18.00	NOK	Annual	22 April 2026	30 April
Entra ASA	1.10	NOK	Semi-Anl	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
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
Orkla ASA	6.00	NOK	Annual	24 April 2026	7 May
Kitron ASA	0.70	NOK	Semi-Anl	27-Apr-2026	15-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 April 2026	11 May
Elektroimportøren	0.40	NOK	Semi-annual	30 April 2026	11 May
Goodtech ASA	0.50	NOK	Annual	4 May 2026	15 May
Elmera Group	2.00	NOK	Annual	4 May 2026	12 April
Bakkafrost P/F	3.45	DKK	Annual	4 May 2026	21 May
Selvaag Bolig AS	1.00	NOK	Semi-Anl	4 May 2026	12 May
Wilh Wilhelmsen Holding ASA	20.00	NOK	Semi-Anl	4 May 2026	20 May
Vend Marketplaces ASA	2.50	NOK	Irreg	4 May 2026	12 May
Norconsult ASA	1.80	NOK	Annual	5 May 2026	13 May
Gentian Diagnostics	0.60	NOK	Annual	6 May 2026	18 June
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
Norwegian Air Shuttle ASA	0.80	NOK	Annual	7 May 2026	15 May
Norsk Hydro ASA	3.00	NOK	Annual	8 May 2026	19 May
Constellation Oil Services (1)	0.30	USD	Quarter	8 May 2026	21 May
Smartoptics Group ASA	0.60	NOK	Annual	8 May 2026	20 May
Cambi ASA	0.30	NOK	Annual	11 May 2026	20 May
Kid ASA	2.50	NOK	Semi-annual	12 May 2026	27 May
Polaris Media ASA	3.30	NOK	Annual	12 May 2026	20 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
AF Gruppen ASA	6.50	NOK	Annual	15 May 2026	22 May
Bouvet ASA	3.00	NOK	Annual	15 May 2026	27 May
Webstep AS	1.49	NOK	Annual	20 May 2026	29 May
Atea ASA (1)	3.75	NOK	Semi-annual	20 May 2026	26 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
Norbit ASA	5.00	NOK	Annual	21 May 2026	3 June
BW Offshore Ltd	0.06	USD	Quarter	21 May 2026	1 Jun
Vistin Pharma ASA	1.00	NOK	Semi-annual	22 May 2026	29 May
B2Impact ASA	1.90	NOK	Annual	26 May 2026	3 June
Softwareone	0.15	CHF	Annual	27 May 2026	3 June
Jinhui Shipping & Transportati	0.02	USD	Semi-annual	28 May 2026	23 June
Leroy Seafood Group ASA	2.50	NOK	Annual	28 May 2026	8 June
Bonheur ASA	7.30	NOK	Annual	28 May 2026	5 Jun
Arribatec	1.00	NOK	Irreg	28 May 2026	5 Jun
ABL Group	0.45	NOK	Semi-Anl	28 May 2026	15 Jun
Itera ASA	0.20	NOK	Semi-Anl	28 May 2026	10 Jun
Austevoll Seafood ASA	6.50	NOK	Annual	29 May 2026	12 June
Petrolia	0.02	USD	Irreg	29 May 2026	12 June
PetroNor	3.25	NOK	Irreg	29 May 2026	24 June
Jacktel	0.03	USD	Quarter	1 June 2026	11 June
Integrated Wind Solutions	1.00	NOK	Annual	1 June 2026	10 June
CMB.TECH	0.64	USD	Quarter	2 June 2026	10 June
Constellation Oil Services (2)	0.30	USD	Quarter	2 June 2026	16 June
Hafnia Ltd	0.29	USD	Quarter	3 June 2026	22 June
Paratus Energy	0.22	USD	Quarter	4 June 2026	12 June
Deep Value Driller	0.20	NOK	Monthly	4 June 2026	12 June
Capital Tankers Corp	0.50	NOK	Quarter	4 June 2026	16 June
Zaptech	2.00	NOK	Annual	11 June 2026	19 June
Frontline	1.55	USD	Quarter	11 June 2026	23 June
BW LPG	0.67	USD	Quarter	11 June 2026	23 June
MPC Container Ships AS	0.04	USD	Quarter	19 June 2026	26 June
Gyldendal ASA	8.00	NOK	Annual	19 June 2026	30 June
Salmar ASA	10.00	NOK	Annual	23 June 2026	6 July
Baltic Sea Properties	2.00	NOK	Annual	28 June 2026	3 June
Public Property Invest (1)	0.25	SEK	Quarter	29 June 2026	8 July
Hunter Group	1.25	NOK	Irreg	30 June 2026	7 July
Pioneer Property	2.50	NOK	Quarter	30-Jun-2026	10-Jul
Protector Forsikring ASA	3.00	NOK	Quarter	14 July 2026	23 July
Solstad Offshore	0.15	USD	Quarter	17 July 2026	29 July
Solstad Maritime	0.10	USD	Quarter	17 July 2026	24 July
Bluenord	66.82	NOK	Irreg	17 July 2026	4 August
Aker BP ASA	0.66	USD	Quarter	20 July 2026	28 July
TGS	0.16	USD	Quarter	30-Jul-2026	13-Aug
Pelagic Credit	0,04	USD	Irreg	5-Aug-2026	13-Aug
Stainless Tankers	0,14	USD	Quarter	7 August 2026	1 September
Golden Energy Offshore	4.00	NOK	Irreg	7 August 2026	14 August
Okeanis Eco Tankers	5.25	USD	Quarter	13 August 2026	21 August
Equinor ASA (Q1 26)	0.39	USD	Quarter	13 August 2026	27 August
SED Energy Holdings	0.03	NOK	Quarter	17 August 2026	21 August
Moreld	0.50	NOK	Quarter	17 August 2026	25 August
Noram Drilling	0.05	USD	Monthly	18 August 2026	26 August
Archer Ltd	0.62	NOK	Quarter	18-Aug-2026	26-Aug
Himalaya Shipping	0.22	USD	Monthly	20 August 2026	31 August
Kraft Bank	0.50	NOK	Semi-Anl	20 August 2026	28 August
DNO ASA	0.38	NOK	Quarter	21 August 2026	1 September
Vår Energi	1.36	NOK	Quarter	21 August 2026	1 September
Hoegh Autoliners ASA	0.79	NOK	Quarter	24 August 2026	31 August
SATS ASA	0.72	NOK	Annual	24 August 2026	27 August
Akastor ASA	0.50	NOK	Irreg	25 August 2026	1 September
Constellation Oil Services (3)	0.30	USD	Quarter	25 August 2026	4 September
Odfjell SE	4.87	NOK	Semi-annual	26 August 2026	3 September
Wallenius Wilhelmsen ASA	0.61	USD	Semi-Anl	26 August 2026	16 September
DOF Group	0.38	NOK	Quarter	27 August 2026	4 September
Mowi ASA	2.30	NOK	Quarter	28 August 2026	7 September
Panoro Energy ASA	0.37	NOK	Quarter	2 September 2026	21 September
Odfjell Drilling Ltd	0.25	USD	Quarter	3 September 2026	17 September
AKVA Group ASA	1.00	NOK	Semi-Anl	15-Sep-2026	22-Sep
Public Property Invest (2)	0.25	SEK	Quarter	29 September 2026	8 October
Elopak (2)	0.07	EUR	Semi-annual	15 October 2026	28 October
Telenor (2)	4.70	NOK	Semi-Anl		27-Oct
Equinor ASA (Q2 26)	0,39	USD	Quarter	16-Nov-2026	25-Nov
Atea ASA (2)	3.75	NOK	Semi-annual	18 November 2026	23 November
Constellation Oil Services (4)	0.30	USD	Quarterly	25 November 2026	7 December
Public Property Invest (3)	0.25	SEK	Quarter	29 December 2026	12 January
Public Property Invest (4)	0.25	SEK	Quarter	30-Mar-2027	8-Apr

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 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 up to date.

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 interest". The shielding rate, or shielding deduction, more or less follows the bank interest rate and is set by the Norwegian Tax Administration each year. The principle is that you only have to pay tax on share gains, or dividends, higher than the risk-free interest rate.

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 private 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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Note: Dividend announcements 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 up to date.

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 construed as an offer to buy or sell financial instruments or as a recommendation regarding investment strategy. DNB Carnegie assumes 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.