The Board of Directors of Topdanmark A/S will recommend to the AGM on 25 March 2021 that a dividend of DKK 1,035 million will be distributed for 2020, representing DKK 11.5 per share. This represents a pay-out ratio of 92.1 and a dividend yield of 4.4. At the AGM in 2020, it was decided to postpone pay-out of the second half of the dividend for 2019 until the AGM on 25 March 2021. The Board of Directors will recommend to the AGM that the remaining dividend of DKK 8.5 per share (DKK 765 million) will be distributed as an extraordinary dividend. Given the AGM approval, the total dividend distributed in connection with the AGM will be DKK 1,800 million or DKK 20 per share.