NAB Announces AUD 0.85 Dividend for H1 2025 with Multi-Currency Payments
National Australia Bank has announced a fully franked ordinary dividend of AUD 0.85 per share for the half-year ending March 2025, alongside Dividend Reinvestment and Bonus Security Plans offering shareholders multiple currency payment options.
- Ordinary fully franked dividend of AUD 0.85 per share
- Ex-date set for 12 May 2025, payment on 2 July 2025
- Dividend Reinvestment Plan (DRP) and Bonus Security Plan (BSP) available with no discount
- Dividend payments offered in AUD, GBP, NZD, and USD with exchange rates fixed on 15 May
- Participation in DRP and BSP subject to geographic eligibility and shareholding limits
NAB Announces Solid Dividend for H1 2025
National Australia Bank Limited (NAB) has declared an ordinary dividend of AUD 0.85 per share, fully franked, for the six-month period ending 31 March 2025. This announcement, made on 7 May 2025, confirms NAB’s ongoing commitment to delivering shareholder returns amid a competitive banking environment.
The dividend will go ex-dividend on 12 May 2025, with the record date set for 13 May 2025. Payment to shareholders is scheduled for 2 July 2025, providing a clear timeline for investors to plan their portfolio strategies.
Flexible Dividend Payment and Reinvestment Options
NAB continues to offer a Dividend Reinvestment Plan (DRP) and a Bonus Security Plan (BSP), both without any discount on the share price. Shareholders who opt into the DRP can reinvest their dividends into additional NAB shares, with the reinvestment price calculated as the average volume weighted price over a 10-trading-day period starting 19 May 2025.
Importantly, the DRP is expected to be fully neutralised through on-market purchases, which helps mitigate dilution risk for existing shareholders. The BSP, which issues new shares rather than purchasing on-market, remains closed to new participants but is still applicable to eligible shareholders who previously enrolled.
Multi-Currency Dividend Payments and Geographic Eligibility
Recognising its diverse shareholder base, NAB offers dividend payments in multiple currencies including Australian dollars (AUD), British pounds (GBP), New Zealand dollars (NZD), and US dollars (USD). The exchange rates for foreign currency payments will be set at prevailing market rates on 15 May 2025, allowing shareholders to receive dividends in their preferred currency subject to election deadlines.
However, participation in the DRP and BSP is geographically restricted to shareholders residing in permitted jurisdictions such as Australia, France, Hong Kong, Ireland, Japan, Malaysia, New Zealand, Singapore, and the United Kingdom. Shareholders outside these regions are ineligible for these plans, reflecting regulatory and operational considerations.
Implications for Investors
This dividend announcement underscores NAB’s stable earnings and capital position, supporting consistent shareholder returns. The fully franked nature of the dividend also provides tax advantages for Australian investors. Meanwhile, the availability of reinvestment plans without discounts and multi-currency payment options demonstrates NAB’s effort to accommodate diverse investor preferences and enhance shareholder value.
Investors should note the upcoming deadlines for DRP and BSP elections on 14 May 2025 and consider currency election options by 13 May 2025 to optimise their dividend outcomes.
Bottom Line?
NAB’s dividend declaration confirms steady returns, but currency fluctuations and shareholder participation choices will shape the final impact.
Questions in the middle?
- How will currency exchange rate movements on 15 May affect foreign dividend payments?
- What level of shareholder uptake will the DRP and BSP see given the zero discount?
- Could NAB adjust dividend policy if market conditions shift before the payment date?
