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 AST Trust Company, our transfer agent.
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 |
| November 29, 2019 | December 23, 2019 | $0.20/share |
| August 30, 2019 | September 23, 2019 | $0.40/share |
| June 1, 2019 | June 21, 2019 | $0.40/share |
| March 1, 2019 | March 21, 2019 | $0.40/share |
| 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 |
