In its Ownership Report (Report no. 13 to the Storting (2006-2007)), the Norwegian government states that the dividend from Statkraft will normally lie in the upper quartile.  The government further states that it does not believe it necessary to introduce the Norwegian Companies’ Act’s normal regulations for determination of dividend from state-owned companies, i.e. the provision that company dividends should be kept within the limits recommended by such companies’ boards does not apply. Statkraft will pursue a dividend policy that balances the payout ratio to its owner with the company’s need for a dividend level that enables it to retain a reasonable share of the value created for further development of the company.

In the Revised National Budget for 2011, the dividend from Statkraft to the Norwegian state has been set at NOK 7985 million, equalling 85 per cent of the Group profit after tax and minority interests, adjusted for unrealised gains and losses in 2010.