NLB Went Ex-date

As a reminder, at the last GSM meeting, the shareholders of the Company approved the payment of EUR 55m of the distributable profit, which would amount to a dividend of EUR 2.75 per share or a DY of 3.9%.

On Friday, NLB went ex-date, meaning that the approved dividend payment of EUR 2.75 per share would no longer be accessible to new investors. During the day, the stock decreased by 2.1%, which is less than the DY of 3.9%. The payment date for the dividend is set for 27 June 2023.

It should be noted that this dividend payment is half of the EUR 110m the Company expects for 2023, as outlined in their outlook. As such, there should be a 2nd dividend payment happening, somewhere in the second half of 2023.

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 – 2023)

Source: NLB, InterCapital Research

Category : Flash News

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