NLB has published a call for the GSM which will be held on 12 December 2022. In it, they proposed the payment of EUR 2.5 DPS, which at the price before the announcement, would amount to a DY of 4.6%. The ex-date is set for 16 December 2022.
NLB has published a document regarding the convocation of the GSM, which will happen on 12 December 2022. Among other things, the Management and Supervisory Boards of the Company proposed the decision of the allocation of the distributable profit for 2021. This would be done in the following format: Out of the distributable profit on the day of the GSM of EUR 408.3m, EUR 50m will be paid out as dividends, while EUR 358.3m will be transferred into retained earnings. This would mean that a dividend of EUR 2.5 per share will be paid out, which at the price before the announcement, would imply a DY of 4.6%.
The ex-date for the dividend is set for 16 December 2022, while the payment date is set for 20 December 2022. As a reminder, NLB already paid out a dividend for this year, in the amount of EUR 2.5 DPS. You can read more about this news here. This would mean that combined with the first dividend payment, NLB will pay out a total of EUR 5 DPS during 2022 as dividends. This would also mean that if you held the NLB stock since the beginning of the year, your dividend yield after the 2nd dividend payment will amount to 8.4%.
Below we provide you with a historical overview of NLB’s dividends per share and dividend yields.
NLB Dividend Per Share (EUR) and Dividend Yield (%, 2019 – 2022)
Source: NLB, InterCapital Research
