A dividend increase by Nationale Nederlanden Group BV (NN)!
Just back from my holiday and I’m surprised by a nice dividend increase of the NN Group NV. On August 15th, 2019 NN announced a 15.15 % increase of its interim dividend. The dividend is raised from $0.66 to $0.76. The dividend pay date is September 11, 2019 to shareholders of record on August 20, 2019 (ex dividend August 19 2019).
Delfin Rueda, CFO of Nationale Nederlanden Group:
‘NN Group has today reported an operating result of EUR 445 million for the second quarter of 2019. We see continued improvement in the performance of Netherlands Non-life. Insurance Europe and Japan Life also posted higher results.”
Vrijheid Fonds
In 2019 I (will) receive a total dividend amount of €2.00 per share. The dividend yield on current price is 3.16%.
My Vrijheid Fonds consist of 20 shares of NN Group NV, my annual dividends will increase by
€ 1.70 ($ 1.89).
My projected annual total amount from my shares of NN will be € 34 ($ 38) after taxes.
Again, a nice increase from the NN Group NV, the financial services company with a rich history that stretches over 170 years.
I love it!
Cheers,
Pollie
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Hey Pollie! Dividend increases are alway nice! You mentioned that the dividend yield on current price is 3.16%. But when I look at the price, 30 euro and 2 euro dividend would be (something like) 6% yield? Do I miss something?
oops, you are right!