At the current share price, dividend yield is 1.9%. Ex date for the first instalment is 18 June 2021.
NLB held their GSM yesterday in which the shareholders of the bank approved the distributable profit in the amount of EUR 24.8m which shall be paid to the shareholders as dividends in two instalments. The distributable profit of NLB amounts to EUR 341.99m and consists of net profit for 2020 in the amount of EUR 113.95m and retained earnings from previous financial years in the amount of EUR 228.0m
In accordance with the recommendation of the ECB, the Regulation of the Bank of Slovenia and adopted resolution of the General Meeting, NLB will pay on 22 June 2021 the first instalment of dividends in the total amount of EUR 12m, which is EUR 0.60 per share and on 18 October 2021 the second instalment of dividends in the total amount of EUR 12.8m, which is EUR 0.64 per share. We note that the Management Board is entitled and obliged to cancel in part or in full the payment of the second instalment of the dividend if the payment would be in conflict with the regulations.
At the current share price, dividend yield is 1.9%.
Ex date for the first instalment is 18 June 2021. If the payment of the second dividend instalment is not cancelled, ex date will be 14 October 2021.