NAB Declares Fully Franked AUD 0.85 Dividend with Flexible DRP and BSP Options

NAB Announces Half-Year Dividend

National Australia Bank Limited (NAB) has declared an ordinary dividend of AUD 0.85 per fully paid ordinary share for the six months ending 30 September 2025. This dividend is fully franked, reflecting the bank’s continued ability to generate taxable profits and return value to shareholders with the benefit of franking credits.

The dividend will be paid on 12 December 2025, with an ex-dividend date of 11 November and a record date of 12 November. Shareholders registered by the record date will be eligible to receive the payment.

Flexible Dividend Payment Options

NAB offers shareholders the choice to receive dividends in multiple currencies including Australian dollars (AUD), British pounds (GBP), New Zealand dollars (NZD), and US dollars (USD). The foreign currency dividend amounts will be determined based on prevailing market exchange rates as of 14 November 2025. This multi-currency approach caters to NAB’s diverse shareholder base across several countries.

Shareholders can also elect to participate in NAB’s Dividend Reinvestment Plan (DRP) or Bonus Security Plan (BSP). The DRP allows shareholders to reinvest their dividends into additional NAB shares without any discount applied to the share price. The BSP, which is still open to existing participants, also offers shares at market prices with no discount. Both plans require election by 13 November 2025.

Participation Limits and Conditions

There is a participation cap in the DRP set at 5 million NAB shares per shareholder, ensuring broad access while managing capital issuance. The DRP is expected to be fully neutralised through on-market share purchases, subject to market conditions, which helps mitigate dilution for existing shareholders.

Participation in the DRP and BSP is restricted to shareholders residing in permitted jurisdictions, including Australia, France, Hong Kong, Ireland, Japan, Malaysia, New Zealand, Singapore, and the United Kingdom. Shareholders outside these regions are ineligible to participate in these plans.

Implications for Investors

This dividend announcement underscores NAB’s steady financial performance and commitment to returning capital to shareholders. The fully franked nature of the dividend is particularly attractive to Australian investors seeking tax-effective income. Meanwhile, the availability of multiple currency payment options and reinvestment plans provides flexibility and convenience for a global shareholder base.

Investors should note the upcoming deadlines for DRP and BSP elections and consider how currency fluctuations might impact the value of foreign currency dividends. The market will likely watch NAB’s share price and trading volumes closely around the ex-dividend date as investors position themselves accordingly.