National Australia Bank (NAB) is a leading Australian bank that pays dividends to its shareholders twice a year, in February and August. The dividend payment dates for 2023 are as follows:
- Interim dividend: Payment date on 5 July 2023
- Final dividend: Payment date on 13 December 2023
To be eligible for a dividend, shareholders must own NAB shares on the record date. The record date for the interim dividend is 14 November 2023, and the record date for the final dividend is 7 December 2023.
NAB has a long history of paying dividends to its shareholders. The bank's dividend yield, which is the annual dividend payment divided by the share price, is currently around 5.90%. This means that for every $1 invested in NAB shares, shareholders can expect to receive a dividend of 5.90 cents per year.
NAB's dividend yield is relatively high compared to other Australian banks. This is because NAB is a well-established and profitable bank with a strong track record of dividend payments.
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NAB Dividend History
The following table shows NAB's dividend history for the past five years:
| Year | Interim dividend (cents per share) | Final dividend (cents per share) | Total dividend (cents per share) |
|---|---|---|---|
| 2023 | 83 | (To be declared) | 83 |
| 2022 | 76 | 78 | 154 |
| 2021 | 70 | 75 | 145 |
| 2020 | 70 | 69 | 139 |
| 2019 | 78 | 80 | 158 |
NAB Dividend Yield
NAB's dividend yield is calculated by dividing the annual dividend payment by the share price. The dividend yield is expressed as a percentage.
For example, if NAB's share price is $10 and the bank pays a total dividend of $1 per share each year, then the dividend yield would be 10%.
NAB's dividend yield can fluctuate depending on the share price. However, the bank has a history of paying a consistent dividend, even during difficult economic times.
Conclusion
NAB is a well-established and profitable bank with a strong track record of dividend payments. The bank's dividend yield is currently around 5.90%, which is relatively high compared to other Australian banks.
If you are considering investing in NAB shares, you should carefully consider your own financial situation and investment goals. You should also seek professional financial advice before making any investment decisions.
