Leroy FY dividend/share NOK2.50

Leroy FY dividend/share NOK2.50

Lerøy Seafood Group Announces FY2024 Dividend of NOK2.50 Per Share
Lerøy Seafood Group ASA (LSG.OL) has declared a final dividend of NOK2.50 per share for the fiscal year 2024, consistent with its recent payout pattern. The dividend, approved following the company's annual general meeting, reflects a forward dividend yield of 5.23% as of September 8, 2025, based on a share price of NOK47.66. This yield exceeds the Norwegian market's bottom 25% of dividend payers (3.0%) but remains below the top 25% (7.4%).

The company has maintained a stable dividend policy over the past five years, with no reductions during this period. However, historical data reveals volatility in earlier years, including a 25% cut in 2022 and a 33.33% reduction in 2021. Despite recent consistency, Lerøy's dividend growth rate averaged 8.33% annually over the past three years, with a five-year average of 10.76%.

Financial metrics indicate mixed sustainability. While earnings coverage of the payout is strong (payout ratio: 55.68% for FY2024), cash flow coverage remains a concern, with a cash payout ratio of 95.7%. Analysts note that Lerøy's debt usage and capital efficiency could impact long-term dividend stability.

The ex-dividend date for the FY2024 payout was May 28, 2025, with payments distributed on June 5, 2025. Looking ahead, the company has signaled intentions to maintain the NOK2.50 per share dividend for 2025, aligning with its three-year guidance.

Investors should monitor upcoming earnings reports and debt management strategies, as recent consensus estimates suggest muted revenue growth and evolving capital return priorities. Lerøy's dividend remains a key draw for income-focused investors, though its sustainability will depend on operational performance and market conditions in the salmon farming sector.

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