Barring some initial bottlenecks, COVID-19 failed to derail Norsk’s 2020 operational recovery. More importantly, this rebound was led by key divisions – accounting for >75% of the group’s capital employed. While the 2020 dividend was flat vs. 2019, the new dividend policy is a reflection of the group planning to reward (patient) shareholders, once incremental cash flows start kicking-in. Besides promising aluminium market fundamentals, Norsk’s investment case is further strengthened by its green ....
19 Feb 2021
Sustained turnaround prompts dividend growth ambitions
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Sustained turnaround prompts dividend growth ambitions
Barring some initial bottlenecks, COVID-19 failed to derail Norsk’s 2020 operational recovery. More importantly, this rebound was led by key divisions – accounting for >75% of the group’s capital employed. While the 2020 dividend was flat vs. 2019, the new dividend policy is a reflection of the group planning to reward (patient) shareholders, once incremental cash flows start kicking-in. Besides promising aluminium market fundamentals, Norsk’s investment case is further strengthened by its green ....