Morningstar Acciones

Novonesis AS NSIS B Mr. Lee Davidson, Head of Quantitative Research

Historical Dividends
Declared Date	Ex Date	Payment Date	Tipo de activo	Divisa	Cantidad
09/04/2024	01/05/2024	03/05/2024	Cash Dividend	DKK	2,00
01/10/2023	11/10/2023	17/10/2023	Cash Dividend	DKK	4,20
26/01/2023	03/03/2023	07/03/2023	Cash Dividend	DKK	6,00
01/02/2022	17/03/2022	21/03/2022	Cash Dividend	DKK	5,50
03/02/2021	12/03/2021	16/03/2021	Cash Dividend	DKK	5,25
24/01/2020	27/02/2020	02/03/2020	Cash Dividend	DKK	5,25
01/02/2019	28/02/2019	04/03/2019	Cash Dividend	DKK	5,00
04/03/2018	14/03/2018	16/03/2018	Cash Dividend	DKK	4,50
19/01/2017	23/02/2017	27/02/2017	Cash Dividend	DKK	4,00
20/01/2016	25/02/2016	29/02/2016	Cash Dividend	DKK	3,50
25/02/2015	26/02/2015	02/03/2015	Cash Dividend	DKK	3,00
26/02/2014	27/02/2014	04/03/2014	Cash Dividend	DKK	2,50
21/01/2013	01/03/2013	06/03/2013	Cash Dividend	DKK	2,20
03/02/2012	01/03/2012	06/03/2012	Cash Dividend	DKK	1,90
02/02/2011	03/03/2011	08/03/2011	Cash Dividend	DKK	1,60
03/03/2010	04/03/2010	09/03/2010	Cash Dividend	DKK	1,15
31/01/2009	05/03/2009	10/03/2009	Cash Dividend	DKK	1,05
15/02/2008	06/03/2008	11/03/2008	Cash Dividend	DKK	1,00
17/02/2007	09/03/2007	14/03/2007	Cash Dividend	DKK	0,90
10/02/2006	02/03/2006	07/03/2006	Cash Dividend	DKK	0,80
25/02/2005	17/03/2005	22/03/2005	Cash Dividend	DKK	0,70
27/02/2004	18/03/2004	23/03/2004	Cash Dividend	DKK	0,63
28/02/2003	20/03/2003	25/03/2003	Cash Dividend	DKK	0,45
01/03/2002	21/03/2002	26/03/2002	Cash Dividend	DKK	0,40
02/03/2001	22/03/2001	27/03/2001	Cash Dividend	DKK	0,33
04/03/2000	24/03/2000	29/03/2000	Cash Dividend	DKK	1,95
05/03/1999	25/03/1999	30/03/1999	Cash Dividend	DKK	1,55
07/03/1998	27/03/1998	01/04/1998	Cash Dividend	DKK	1,15
04/04/1997	24/04/1997	30/04/1997	Cash Dividend	DKK	0,75
12/04/1996	02/05/1996	07/05/1996	Cash Dividend	DKK	1,00
06/04/1995	26/04/1995	01/05/1995	Cash Dividend	DKK	1,00
07/04/1994	27/04/1994	03/05/1994	Cash Dividend	DKK	0,80
03/04/1993	23/04/1993	28/04/1993	Cash Dividend	DKK	0,80
10/04/1992	30/04/1992	05/05/1992	Cash Dividend	DKK	0,80
05/04/1991	25/04/1991	01/05/1991	Cash Dividend	DKK	0,80
04/04/1990	24/04/1990	27/04/1990	Cash Dividend	DKK	0,80
04/04/1989	24/04/1989	27/04/1989	Cash Dividend	DKK	0,80
07/04/1988	27/04/1988	03/05/1988	Cash Dividend	DKK	0,80
04/04/1987	24/04/1987	24/04/1987	Cash Dividend	DKK	0,80
05/04/1986	25/04/1986	25/04/1986	Cash Dividend	DKK	0,80
30/03/1985	19/04/1985	19/04/1985	Cash Dividend	DKK	0,80

Stock Splits
Ex Date	Split From	Split To	Adjustment Factor
28/11/2011	1,0000	5,0000	5,00

Mr. Lee Davidson, Head of Quantitative Research

The conduct of Morningstar's analysts is governed by Morningstar's Code of Ethics, Securities Trading and Disclosure Policy, and Investment Research Integrity Policy. For information regarding conflicts of interest, please click here.

Fair Value is derived from a detailed projection of a company’s future cash flows. Analysts create custom industry and company assumptions to feed income statement, balance sheet, and capital investment assumptions into a proprietary discounted cash flow modeling template. Scenario analysis, in-depth competitive advantage analysis, and a variety of other analytical tools are used to augment the discounted cash flow process. Combining analysts’ financial forecasts with the firm’s economic moat helps us assess how long returns on invested capital are likely to exceed the firm’s cost of capital. Because we are modeling free cash flow to the firm—representing cash available to provide a return to all capital providers—we discount future cash flows using the weighted average of the costs of equity, debt, and preferred stock (and any other funding sources), using expected future proportionate long-term, market-value weights. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Qualitative Fair Value, please click here.