On Friday, NLB’s shares went ex-date, referring to the 1st dividend tranche of EUR 5.5 DPS for this year. As a result, the share price declined by “only” 2%, lower than the dividend yield of 5.3%.
Last week on Friday, NLB’s shares went ex-date, meaning any new purchases on shares after it would not include the dividend payment. As a reminder, this dividend refers to EUR 5.5 per share, which the Group recently approved, with a DY of 5.3% at the share price before the announcement.
This also refers to the 1st dividend tranche to be paid out this year, as NLB already outlined its intention to pay out EUR 11.0 per share this year, implying a 2nd dividend tranche later on in the year, at the same amount, due to the share now excluding this 1st dividend tranche payment, the share price declined by 3.6%, which is below the aforementioned DY of 5.3%.
Below we provide you with the historical dividends per share and dividend yields of the Company.
NLB dividend per share (EUR) and dividend yield (%) (2019 – 2024)
Source: NLB Group, InterCapital Research
