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NORSK HYDRO A S ADS - $NHYDY STOCK NEWS

Welcome to our dedicated page for NORSK HYDRO A S ADS news (Ticker: $NHYDY), a resource for investors and traders seeking the latest updates and insights on NORSK HYDRO A S ADS stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NORSK HYDRO A S ADS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NORSK HYDRO A S ADS's position in the market.

News
Rhea-AI Summary

Norsk Hydro ASA announced that their shares will be traded ex-dividend of NOK 2.50 as of May 8, 2024. This news impacts investors who hold shares on this date, as they will not be entitled to the dividend payment. The company's investor contact is Martine Rambøl Hagen, reachable at +47 91708918 or Martine.Rambol.Hagen@hydro.com.

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Rhea-AI Summary

The Annual General Meeting of Norsk Hydro ASA elected new and re-elected existing members to the Board of Directors. Rune Bjerke was elected as Chair and Kristin Fejerskov Kragseth as Deputy Chair. The Board now consists of 11 members including shareholder elected representatives serving up to two years.

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0.46%
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Rhea-AI Summary

The Annual General Meeting (AGM) of Norsk Hydro ASA was held on May 7, 2024, as a hybrid meeting. All agenda proposals were adopted, including a dividend distribution of NOK 2.50 per share. It also resolved a capital reduction by canceling own shares and redeeming shares held by the Norwegian State. The dividend will be paid on May 21, 2024, to shareholders as of May 7, 2024. The minutes of the AGM are available on hydro.com/generalmeeting.

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0.46%
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Rhea-AI Summary
Norsk Hydro reported adjusted EBITDA of NOK 5,411 million for Q1 2024, down from NOK 7,525 million last year. Despite challenges in aluminium sales prices and recycling margins, the company remains focused on growth and sustainability. Key highlights include increased renewable energy usage, improved profitability through natural gas usage, and ongoing decarbonization efforts. While the weak construction market impacts some segments, positive signs in aluminium prices and premiums are emerging. Hydro is well-positioned to benefit from improving demand for aluminium products.
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-0.8%
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Primary insiders at Norsk Hydro have purchased shares under the Long-Term Incentive program and shares to employees. The Long-Term Incentive plan offers a maximum remuneration of 30 percent of the annual base salary based on performance metrics. Employees in Norway have been offered shares at a 50 percent discount. Several primary insiders have acquired shares under both programs.
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-0.46%
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Norsk Hydro will release its first quarter results for 2024 on April 24, 2024, with a webcast hosted by President and CEO Hilde Merete Aasheim and Executive Vice President, Corporate Development & acting CFO Trond Olaf Christophersen. Investors can join the webcast for a Q&A session after the presentation.
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2.21%
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Norsk Hydro ASA announces its Annual General Meeting to be held on May 7, 2024, offering shareholders the option to attend in person or digitally. Advance voting and proxy participation are also available, with no prior registration required.
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3.15%
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Hydro is set to release its first-quarter results for 2024 with a webcast hosted by top executives. The report will be available on hydro.com, with a Q&A session following the presentation.
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Norwegian government, industry associations, and trade unions have agreed on the future of the Norwegian CO2 compensation scheme from 2024 to 2030. The agreement aims to maintain competitive conditions for industries, accelerate decarbonization, and green investments. It includes a maximum annual CO2 compensation of NOK 7 billion for eligible industries, removal of CO2 quota price floor, and inflation-adjusted compensation cap. Industries must implement emission reduction measures equivalent to 40% of compensation paid. Hydro, a key player, is estimated to receive around NOK 3.2 billion in 2024. The scheme aims to prevent carbon leakage and promote green investments.
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0.37%
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Eivind Kallevik appointed as President and CEO of Norsk Hydro ASA, succeeding Hilde Merete Aasheim. Kallevik brings over 30 years of experience in finance and industry to lead Hydro towards 2030 and beyond.
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NORSK HYDRO A S ADS

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Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
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