Statoil (OSE:STL, NYSE: STO) announced 4 February 2016 dividend per share of USD 0.2201 for fourth quarter 2015.
The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three business days from record date 13 May 2016, in total seven business days.
Average Norges Bank fixing rate for this period was 8.2277. Fourth quarter 2015 dividend per share is consequently NOK 1.8109.
Under the two-year scrip dividend programme (“Scrip Dividend Programme”) approved by the Annual General meeting 11 May, shareholders will have the option to receive dividend in newly issued dividend shares. Further information about the timeline for the Scrip Dividend Programme will be published in due course.
Cash dividend (net of any costs of newly issued dividend shares elected under the Scrip Dividend Programme) will be paid to shareholders on Oslo Børs on or around 24 June 2016.