At the share price before the announcement, this would imply a DY of 3.9%. The ex-date is set for 23 June 2023.
Yesterday, NLB’s General Shareholders Meeting was held. At the meeting, the distribution of profit was approved, in the amount of EUR 55m. This would amount to a gross dividend of EUR 2.75 on a per-share basis. Furthermore, at the share price before the announcement, this would imply a DY of 3.9%.
It should be noted that this is only the 1st dividend tranche for 2023. According to the Company and its outlook, in the period from 2022-2025, they plan on paying out EUR 500m in the form of dividends. Furthermore, in 2023, they plan on paying out EUR 110m in the form of dividends, meaning that the current payment (EUR 55m) represents only half of the amount. As such, the 2nd dividend tranche can be expected in autumn, and if approved, would imply a EUR 5.5 DPS, and DY of app. 7-8%.
Coming back to the currently approved dividend, the ex-date for it is set for 23 June 2023, while the payment date is set for 27 June 2023.
Below we provide you with NLB’s historical dividends per share and dividends yields.
NLB dividends per share (EUR) and dividend yields (%) (2019 – 2023)
Source: NLB, InterCapital Research