Dividends

On April 29, 2013, the Company’s Board of Directors approved a variable dividend policy which targets the payout to shareholders of a portion of free cash flow through the cycle. The Company’s intention is that the dividend will reflect the cyclicality, not the seasonality, of the business.

The amount of future dividends under the Company’s dividend policy, and the declaration and payment thereof, will be based upon the Company’s financial position, results of operations, cash flow, capital requirements and restrictions under the Company’s revolving bank lines, as well as the market outlook for the Company’s principal products and broader market and economic conditions, among other factors, and shall be in compliance with applicable law. The Board retains the discretion to amend the Company’s dividend policy in any manner and at any time as it may deem necessary or appropriate in the future. For these reasons, as well as others, the Board, in its sole discretion can decide to increase, maintain, decrease, suspend or discontinue the payment of cash dividends in the future.

Dividend Reinvestment Plan

Norbord has a Dividend Reinvestment Plan that enables Canadian resident shareholders to reinvest their cash dividends in additional common shares. For further information, please click on the following link to access the Plan information through CST Trust Company, our transfer agent.

https://www.canstockta.com/en/InvestorServices/Investor_Information/Issuer_List/IssuerDetail.jsp?companyCode=5098

Eligible Dividend Information

For purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, all dividends paid by Norbord Inc. on our common shares in the 2006 calendar year, are designated as “eligible dividends”. Unless stated otherwise, all dividends paid by Norbord Inc. on our common shares after 2006 will be designated as “eligible dividends” for the purposes of these rules.

Dividend Record and Payment Dates

Record Date : 1st day of March, June, September and December.
(Note: If the first day is not a business day, the Record Date will be the previous business day)
Payment Date : The 21st day of March, June, September and December.
(Note: If the Payment Date is not a business day, the payment will be made on the next business day)

Dividend History – Norbord Dividends on Common Shares

RECORD DATE PAYABLE DATE CAD$ AMOUNT
December 1, 2018 December 21, 2018 $0.60 /share
September 1, 2018 September 21, 2018 $4.50/share
June 1, 2018 June 21, 2018 $0.60/share
March 1, 2018 March 21, 2018 $0.60/share
December 1, 2017 December 21, 2017 $0.60/share
September 1, 2017 September 21, 2017 $0.50/share
June 1, 2017 June 21, 2017 $0.30/share
March 1, 2017 March 21, 2017 $0.10/share
December 1, 2016 December 21, 2016 $0.10/share
September 1, 2016 September 21, 2016 $0.10/share
June 1, 2016 June 21, 2016 $0.10/share
March 1, 2016 March 21, 2016 $0.10/share
December 1, 2015 December 21, 2015 $0.10/share
September 1, 2015 September 21, 2015 $0.10/share
June 1, 2015 June 21, 2015 $0.25/share
March 1, 2015 March 21, 2015 $0.25/share
December 1, 2014 December 21, 2014 $0.60/share
September 1, 2014 September 21, 2014 $0.60/share
June 1, 2014 June 21, 2014 $0.60/share
March 1, 2014 March 21, 2014 $0.60/share
December 1, 2013 December 21, 2013 $0.60/share
September 1, 2013 September 21, 2013 $0.60/share
June 1, 2013 June 21, 2013 $0.60/share

 

On November 10, 2008, Norbord announced that its Board of Directors had suspended the quarterly dividend. This decision was made in response to the unprecedented financial market turmoil and uncertainty regarding the near-term recovery of US housing starts. The dividend suspension saves the Company approximately $56 million on an annual basis or $14 million per quarter, based on the average exchange rate in effect during 2008. The last dividend payment before the suspension was made on December 21, 2008 to shareholders of record on December 1, 2008.

RECORD DATE PAYABLE DATE CAD$ AMOUNT
December 1, 2008 December 21, 2008 $0.10/share
September 1, 2008 September 21, 2008 $0.10/share
June 1, 2008 June 21, 2008 $0.10/share
March 1, 2008 March 21, 2008 $0.10/share
December 1, 2007 December 21, 2007 $0.10/share
September 1, 2007 September 21, 2007 $0.10/share
June 1, 2007 June 21, 2007 $0.10/share
March 1, 2007 March 21, 2007 $0.10/share
December 1, 2006 December 21, 2006 $0.10/share
September 1, 2006 September 21, 2006 $0.10/share
June 30, 2006 July 14, 2006 $1.00/share
June 1, 2006 June 21, 2006 $0.10/share
March 1, 2006 March 21, 2006 $0.10/share
December 1, 2005 December 21, 2005 $0.10/share
September 1, 2005 September 21, 2005 $0.10/share
June 1, 2005 June 21, 2005 $0.10/share
May 2, 2005 May 20, 2005 $1.00/share
March 1, 2005 March 21, 2005 $0.10/share
December 1, 2004 December 21, 2004 $0.10/share
September 20, 2004 September 30, 2004 $1.00/share
September 1, 2004 September 21, 2004 $0.10/share
June 1, 2004 June 21, 2004 $0.10/share
March 1, 2004 March 21, 2004 $0.10/share
December 1, 2003 December 21, 2003 $0.10/share
September 1, 2003 September 21, 2003 $0.10/share
June 1, 2003 June 21, 2003 $0.10/share
March 1, 2003 March 21, 2003 $0.10/share
December 1, 2002 December 21, 2002 $0.10/share
September 1, 2002 September 21, 2002 $0.10/share
June 1, 2002 June 21, 2002 $0.10/share
March 1, 2002 March 21, 2002 $0.10/share
December 1, 2001 December 21, 2001 $0.10/share
September 1, 2001 September 21, 2001 $0.10/share
June 1, 2001 June 21, 2001 $0.10/share
March 1, 2001 March 21, 2001 $0.10/share
December 1, 2000 December 21, 2000 $0.10/share
September 1, 2000 September 21, 2000 $0.10/share
June 1, 2000 June 21, 2000 $0.10/share
March 1, 2000 March 21, 2000 $0.10/share
December 1, 1999 December 21, 1999 $0.10/share
September 1, 1999 September 21, 1999 $0.10/share
June 1, 1999 June 21, 1999 $0.10/share
March 1, 1999 March 21, 1999 $0.10/share
December 1, 1998 December 21, 1998 $0.10/share
September 1, 1998 September 21, 1998 $0.10/share
June 1, 1998 June 21, 1998 $0.10/share
March 1, 1998 March 21, 1998 $0.10/share
December 1, 1997 December 21, 1997 $0.10/share
September 1, 1997 September 21, 1997 $0.10/share
June 1, 1997 June 21, 1997 $0.10/share
March 1, 1997 March 21, 1997 $0.10/share
December 1, 1996 December 21, 1996 $0.10/share
September 1, 1996 September 21, 1996 $0.10/share
June 1, 1996 June 21, 1996 $0.10/share
March 1, 1996 March 21, 1996 $0.10/share
December 1, 1995 December 21, 1995 $0.10/share
September 1, 1995 September 21, 1995 $0.10/share
June 1, 1995 June 21, 1995 $0.10/share
March 1, 1995 March 21, 1995 $0.10/share
December 1, 1994 December 21, 1994 $0.10/share
September 1, 1994 September 21, 1994 $0.10/share
June 1, 1994 June 21, 1994 $0.10/share
March 1, 1994 March 21, 1994 $0.10/share
December 1, 1993 December 21, 1993 $0.10/share
September 1, 1993 September 21, 1993 $0.10/share
June 1, 1993 June 21, 1993 $0.10/share
March 1, 1993 March 21, 1993 $0.10/share
December 1, 1992 December 21, 1992 $0.10/share
September 1, 1992 September 21, 1992 $0.10/share
June 1, 1992 June 21, 1992 $0.10/share
March 1, 1992 March 21, 1992 $0.10/share
December 1, 1991 December 21, 1991 $0.10/share
September 1, 1991 September 21, 1991 $0.10/share
July 18, 1991 July 18, 1991 1 per 1
June 1, 1991 June 21, 1991 $0.10/share
March 1, 1991 March 21, 1991 $0.10/share
December 1, 1990 December 21, 1990 $0.10/share
September 1, 1990 September 21, 1990 $0.20/share
June 1, 1990 June 21, 1990 $0.20/share
March 1, 1990 March 21, 1990 $0.20/share
December 1, 1989 December 21, 1989 $0.20/share
September 1, 1989 September 21, 1989 $0.20/share
June 1, 1989 June 21, 1989 $0.20/share
March 1, 1989 March 21, 1989 $0.20/share
December 1, 1988 December 21, 1988 $0.20/share
September 1, 1988 September 21, 1988 $0.20/share
June 1, 1988 June 21, 1988 $0.15/share
March 1, 1988 March 21, 1988 $0.15/share
December 1, 1987 December 21, 1987 $0.15/share
September 1, 1987 September 21, 1987 $0.10/share