At the share price before the announcement, this would imply a DY of 5.3%. The ex-date is set for 21 June 2024, while the payment date is set for 26 June 2024.
Yesterday, NLB held its GSM meeting, after which the resolutions were published. According to the resolutions, the distribution of 2023 net profit, in the form of the 1st dividend tranche this year has been approved. As a reminder, NLB proposed the distribution of EUR 110m in the form of dividends, from the 2023 net profit. This represents a payout ratio of 40%.
On a per-share basis, this implies a dividend of EUR 5.5, which at the share price before the announcement, implies a dividend yield of 5.3%. The ex-date is set for 24 June 2024, while the payment date is set for 26 June 2024.
This dividend represents the 1st dividend tranche to be paid out this year, as communicated by NLB. In total, EUR 220m, or on a per share basis, EUR 11.00 should be paid out in the form of dividends this year, from the previous year’s net profit. Combined with the 1st dividend tranche, this would imply a DY of over 9% at the share price before the announcement.
Below we provide you with the historical dividends per share and dividend yields of the Company.
NLB dividends per share (EUR) and dividend yields (%) (2019 – 2024)
Source: NLB, InterCapital Research
