Dividend
Telenor pays dividend once every year to shareholders registered as holding shares on the date of the Annual General Meeting.
Dividend policy
The policy of Telenor is to distribute a dividend to its shareholders which is equal to 40-60 per cent of normalised annual profits, and the Group will be aiming for a relative even annual growth in the ordinary dividend per share. Following the decision of the Board of Directors, this policy is based on the financial situation and the expected capital requirements of Telenor.
Dividend history
| Year | Dividend | Proposed | Approved | Ex. dividend | Payout |
| 2007 | NOK 3.40 | 13.02.2008 | 08.05.2008 | 09.05.2008 | 22.05.2008 |
| 2006 | NOK 2.50 | 15.02.2007 | 15.05.2007 | 16.05.2007 | 29.05.2007 |
| 2005 | NOK 2.00 | 15.02.2006 | 23.05.2006 | 24.05.2006 | 08.06.2006 |
| 2004 | NOK 1.50 | 15.02.2005 | 20.05.2005 | 21.05.2005 | 06.06.2005 |
| 2003 | NOK 1.00 | 13.02.2004 | 06.05.2004 | 07.05.2004 | 25.05.2004 |
| 2002 | NOK 0.45 | 13.02.2003 | 08.05.2003 | 09.05.2003 | 23.05.2003 |
| 2001 | NOK 0.35 | 14.02.2002 | 08.05.2002 | 09.05.2002 | 29.05.2002 |
Tax treatment of 2007 dividends
For Norwegian tax purposes, the distribution of 2007 dividends of NOK 3.50 per share is classified as repayment of paid-in capital. This is because the distribution originates from capital previously paid upon subscription of the shares to the share premium fund in Telenor ASA.
The fund was transferred to retained earnings (other equity) in 2006. The repayment is not subject to income taxation for Norwegian citizens and shall therefore not be declared as dividends in their annual tax return for 2007. Instead the tax base of the shares is reduced with the repaid amount. For Norwegian individual shareholders, any unused risk-free return (shielded deduction) for 2007 can be carried forward for use in subsequent years.
Tax treatment for non-Norwegian shareholders
No withholding tax has been levied in Norway for the repayment in 2007 to foreign shareholders. Other tax consequences for foreign shareholders in their home country depend on the internal tax legislation in the respective home country.