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Magnora ASA ( (SVMRF) ) just unveiled an update.
Magnora ASA’s Board of Directors has approved a quarterly cash distribution of NOK 0.187 per share and extended the share buyback program until the upcoming AGM. This decision reflects the company’s strong financial position and strategic focus on returning excess capital to shareholders through dividends and buybacks, aligning with its financial strategy to allocate capital efficiently.
More about Magnora ASA
Magnora ASA is a renewable-energy group that develops wind, solar, and battery storage projects. The company operates in Europe and Africa through various portfolio companies and has a financial presence in former portfolio companies and other holdings. Magnora is listed on the Oslo Stock Exchange under the ticker MGN.
YTD Price Performance: -12.50%
Technical Sentiment Signal: Sell
Current Market Cap: $132.9M
For an in-depth examination of SVMRF stock, go to TipRanks’ Stock Analysis page.
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