Share capital and share price development

Höegh Autoliners shares are traded under ticker code “HAUTO” and were first listed on the Oslo Euronext Growth on 29 November 2021 and then transferred to the Oslo Stock Exchange main list on 2 May 2023. As per 31.12.2024, the Company had 190 769 749 outstanding shares with a nominal value of NOK 14.80.​

​As per year end 2024, the shares were trading at NOK 113.2 per share, valuing the company at NOK 21.6 billion. This implies an increase of 23% compared to the closing price of NOK 92.25 at year end 2023, outperforming the OSEBX main index which increased by 9.1% in the same period. Adding dividends paid in 2024, the implied total return to shareholders is 74% in a year.​

Höegh Autoliners’ share price achieved strong growth throughout 2024 on the back of strong earnings momentum, resolute newbuilding program and ambitious dividend payouts to shareholders. The exceptional market foundation persisted in 2024. This was driven by limited capacity growth for an extended period, coupled with continuing robust demand from customers. The Company was able to fully leverage the favourable market conditions by successfully repricing the contract portfolio with rates at sustainable levels, while also filling the remaining capacity with well-paid spot cargo. This is reflected in the Company’s strong quarterly performance and positive earnings momentum throughout the year.​

During the calendar year 2024, total dividends paid amounted to USD 841 million (USD 4.4084 per share) following the dividend policy that came into effect in Q4 2023. The Company’s unwavering commitment to a green shipping future, demonstrated by the ambitious Aurora Class newbuilding program, was also positively embraced by the market, having taken delivery of four ships in 2024. The Aurora Class are among the biggest, greenest, smartest vessels ever built.

Dividend

Höegh Autoliners’ dividend policy has been in effect since the fourth quarter of 2023. The policy aims to distribute quarterly dividends to shareholders of around 100% of cash generation after amortization of debt facilities, capital expenditure and payable taxes. Any declaration of dividends will be at the at the discretion of the Board of Directors considering also the outlook and the Company’s financial position. Dividends will be declared in USD and paid in NOK.​

The Board of Directors resolved the distribution of USD 109 million (USD 0.57 per share) post Q1 2024, USD 127 million (USD 0.68 per share) post Q2 2024 and USD 245 million (USD 1.28 per share) post Q3 2024 which accounted for gains from sale of Höegh Kobe and Höegh Chiba booked during that quarter. A dividend of USD 90 million (USD 0.47 per share) was paid out in March 2025 post Q4 2024, having taken delivery of three of the new Aurora class vessels during the quarter. In February 2025, the Company reduced its share capital to support its dividend capacity and expects to maintain it at a solid level given the current market outlook.