At the share price before the announcement, this would amount to a DY of 3.9%. The ex-date is set for 23 June 2023.
NLB’s Supervisory and Management Board proposed the distribution of profit to the General Shareholders Meeting, which will be held on 19 June 2023. According to the press release, NLB proposed EUR 55m as the dividend payment, which on a per-share basis, would imply EUR 2.75 DPS. At the share price before the announcement, this would mean that the DY amounted to 3.9%.
As a reminder, NLB already communicated in their outlook their plan to pay out EUR 110m in the form of dividends in 2023, and they also noted that they will do so in 2 tranches, both, of course, to be approved at the 2 General Shareholders Meetings (the first one being the one mentioned above, while the 2nd will be held in Autumn 2023). As such, the EUR 55m (2.75 DPS) dividend proposal is only the first of such tranches. In total then, NLB is set out to play EUR 5.5 DPS in 2023.
Also, NLB further pointed out that they plan to pay out a total of EUR 500m in the form of dividends in the 2022 – 2025 period, and this dividend payment is part of that strategy. The ex-date is set for 23 June 2023, while the payment date is set for 27 June 2023.
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 – 2023)
Source: NLB, InterCapital Research