At the share price before the announcement, this would imply a DY of 3.8%. The ex-date is set for 15 December 2023, while the payment date is set for 19 December 2023.
Yesterday, NLB held its General Meeting of Shareholders, during which the distribution of profit proposal was approved. According to the resolutions released afterward, EUR 55m was approved for dividend payment, to be paid out of the 2022 net profit. This would mean that the payout ratio amounted to 10.7%.
On a per-share basis, this would also imply a gross dividend of EUR 2.75 per share, which at the share price before the initial proposal would imply a DY of 3.8%. As a reminder, NLB set out its dividend payout policy, according to which, in the 2022-2025 period, they plan on paying out EUR 500m in the form of dividends.
The EUR 55m payment then, represents the 2nd tranche payment this year, with the 1st one also amounting to EUR 55m, or on a per-share basis, EUR 2.75, with a DY of 3.9%. As such, NLB is set to pay out in total EUR 110m as dividends, or on a per share basis, EUR 5.5 this year. This would also imply a combined DY of 7.7% for the 2023 dividends. The ex-date is set for 18 December 2023, while the payment date is set for 19 December 2023. Below we provide you with the historical dividends and dividends per share of NLB.
NLB dividend per share (EUR) and dividend yield (%) (2019 – 2023)
Source: NLB, InterCapital Research
