As a reminder, at the last GSM meeting, the shareholders of the Company approved the payment of EUR 50m of the distributable profit, which would amount to a dividend of EUR 2.5 per share or a DY of 3.8%.
On Friday, NLB went ex-date, meaning that the approved dividend payment of EUR 2.5 per share would no longer be accessible to new investors. During the day, the stock decreased by -3.46%, ending Friday at EUR 61.40 per share. The payment date for the dividend is set for 28 June 2022.
It should be noted that this dividend payment is half of the EUR 100m the Company expects for 2022, as outlined in their 2022 outlook in the FY 2021 report. As such, there should be a 2nd dividend payment happening, somewhere in the 2H 2022.
Below we provide you with a historical overview of the Company’s dividends per share and dividend yields.
NLB Dividend Per Share (EUR) and Dividend Yield (%) (2019 – 2022)