At the share price before the announcement, this would imply a DY of 4.3%. The ex-date is set for 13 December 2024, while the payment date is set for 17 December 2024.

NLB announced the convocation of the GSM, to be held on 9 December 2024. At the meeting, a decision will be made on the additional allocation of distributable profit for 2023, in the form of the second dividend tranche this year, in the total amount of EUR 110 million. As a reminder, NLB already distributed dividends in the same total amount on 17 June 2024, representing a payout ratio of 40% with a 5.3% DY on the day before the announcement of the 1st tranche.

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 4.3%. The ex-date is set for 13 December 2024, while the payment date is set for 17 December 2024.

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 first dividend tranche, this would imply a DY of over 9.6% 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