Rising Oil, Salmon Prices Lift Norway Pension Fund
Norway's domestic state pension fund Folketrygdfondet said its 2016 return increased to 7.1 percent from 7.0 percent in 2015, increasing the market value to 212.3 billion Norwegian crowns ($25.12 billion). "Improved outlook for the global economy, rise in oil prices and record high salmon prices ensured solid results for the year," Folketrygdfondet's Chief Executive Olaug Svarva said on Tuesday. The fund says the return beat the market by 1.2 percent. Says there are significant challenges in the salmon industry…
Statoil Approves Dividend Of NOK 7.00 Per Share
The annual general meeting of shareholders in Statoil ASA today approved a dividend of NOK 7.00 per share. The dividend accrues to the shareholders as of 14 May 2014. Statoil's shares listed on the Oslo Stock Exchange (Oslo Børs) will be traded ex-dividend as of 15 May 2014. American Depositary Shares (ADS) listed on the New York Stock Exchange will be traded ex-dividend as of 15 May 2014. The expected dividend payment for Statoil’s shares on Oslo Stock Exchange (Oslo Børs) is on 28 May 2014. The expected payment date for dividends in USD under the US American Depository Receipts (ADR) program is 4 June 2014. The general meeting authorised the board to implement quarterly dividend payments from 1. quarter 2014. The board has approved the payment of interim dividend for 1.
Marit Arnstad Leaves Statoil Board
Marit Arnstad has announced that she will resign from her position as deputy chair and member of the board of directors in Statoil ASA (OSE: STL, NYSE: STO) effective immediately. The nomination committee in Statoil will start its search for a new board member, and the corporate assembly will make a by-election when the nomination committee's recommendation is ready. Olaug Svarva is chair of the nomination committee in Statoil.
