Polliesdividend

Final-Dividend increase NN Group BV – February 2020

A dividend increase of its final dividend by NN Group BV, Nationale Nederlanden.

On February 13th, 2020 NN Group NV (XAMS: NN) announced a 12.90 % increase of its final dividend for 2019. The dividend is raised from €1.24 to €1.40. The dividend pay date is June 24, 2020 to shareholders of record on June 2nd, 2020. The  ex dividend is June 1st 2020.

www.polliesdividend.com pollie dividend NN Group

 

David Knibbe, CEO of NN Group:

“The full-year 2019 operating result was up by 10% on 2018 with most segments contributing. The measures we are taking to improve the profitability of the Non-life business are bearing fruit, demonstrated by the full-year combined ratio of 95.4% compared with 99.4% in 2018. We have made additional efficiency gains by further reducing the cost base of the units in the scope of the integration by EUR 36 million in the fourth quarter, bringing total cost savings to date to EUR 360 million.

 Going forward we will pay a progressive ordinary dividend per share. We will also continue to return excess capital to shareholders, with a recurring annual share buyback of at least EUR 250 million under normal circumstances.”

 

 

Vrijheid Fonds

The full-year 2019 dividend will be €2.10 per share. The dividend yield on current price is 5.98%.

nn group polliesdividend.com mollie dividend NN

My Vrijheid Fonds consist of 69 shares of NN Group NV, my annual dividends will increase by
€ 9.38 ($ 10.16). My projected annual total amount from my shares of NN will be € 126 ($ 137) after taxes.

Again, a nice increase from the NN Group NV, the financial services company with a rich history of almost 175 years.

I love it!

Cheers,

Pollie

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