At the current share price dividend yield is 7.8%.
NLB published an announcement on the LJSE stating that they have received a counterproposal from VZMD (Pan-Slovenian Shareholders’ Association) regarding the profit distribution. To be specific, VZMD proposes EUR 92.2m to be appropriated for dividends, which translates into a dividend of EUR 4.61 per share.
At the current share price dividend yield is 7.8%.
As a reminder, Management Board proposed EUR 24.8m (EUR 1.24 DPS) 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), 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). 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) out of 2020 Group profit remains in place.
