NLB Went Ex-date

On Friday, NLB went ex-date, and as a result, the Company’s shares declined by 3.3%.

The ex-date refers to the 2nd approved tranche of NLB’s dividend payment this year, in the amount of EUR 2.75, and a DY of 3.8%. The payment date is due on 19 December 2023.

As a reminder, the ex-date is the last date that investors are eligible for the dividend payment, after which everyone who becomes a shareholder of the Company’s shares won’t be eligible for the dividend payment. As such, it is usually expected that on the ex-date the Company’s share price declines in the amount of the dividend yield.

This came to pass this time as well, with the NLB’s share price declining by 3.3%, which is slightly below the 3.8% DY.

Below we provide you with the historical dividends per share as well as the dividend yields of the Company.

NLB historical dividend per share (EUR) and dividend yield (%) (2019 – 2023)

Source: NLB, InterCapital Research

Category : Flash News

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