NLB Proposes EUR 3.37 DPS

At the current share price, dividend yield is 4.5%. Ex-date is 22 December.

Earlier this morning, NLB Group published the convocation to the GSM according to which the Management and the Supervisory Board proposed a dividend distribution of EUR 67.4m. This translates into a dividend of EUR 3.37 per share, indicating a dividend yield of 4.5% per share.

We note that the ex-date is 22 December, while the dividend is subject to approval at the GSM which will be held on 16 December 2021.

We note that the Management of the company was quite vocal about the potential additional dividend payment in Q4, so the news does not come as a surprise. As a reminder, the company already paid out EUR 1.24 this year, in two installments. To read more about it click here.

Assuming the dividend approval, the company will have paid out EUR 4.61 per share in 2021. This is in line with the initially communicated dividend payment by the Management and is in line with our estimates as well.

Category : Flash News

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