At the current share price, dividend yield is 2.4%. The Bank’s ambition to distribute in total EUR 4.61 DPS out of 2020 Group profit remains in place.

NLB published the convocation to the GSM in according to which the Management Board proposes EUR 24.8m (EUR 1.24 DPS, DY of 2.4%) of the distributable profit to be paid to the shareholders dividends in two instalments.

The first instalment in the total amount of EUR 12.0m immediately after the GSM (EUR 0.6 DPS, DY of 1.2%), and the second instalment in the total amount of EUR 12.8m after 30 September 2021, if the payment or assumption of the obligation to pay the second instalment were not contrary to the regulations, which currently apply on domestic level from Bank of Slovenia (EUR 0.64 DPS, DY of 1.2%). The proposed amount represents the maximum amount currently allowed by ECB, while the Bank’s ambition to distribute in total EUR 92.2m (EUR 4.61 DPS, DY of 8.9%) out of 2020 Group profit remains in place.

Dividend payment is subject to approval to the GSM, which is planned to take place on 14 June 2021. As a reminder, since the public offering, the bank has paid out EUR 7.13 DPS back in 2019 and did not pay out a dividend in 2020.