The NIB Holdings Limited (ASX: NHF) share price is heading south on Monday following the broader market’s slump. This comes amid the private health insurer announcing some key dates for its 2022 calendar this morning.
NIB shares finished trading on Monday at $7.04, down 2.63%. In comparison, the S&P/ASX 200 Index (ASX: XJO) has recovered throughout the day, posting a drop of just 0.07% to 7,448.2 points.
What’s on the agenda for NIB in 2022?
With the new year upon us, one of Australia’s premier health insurance provider, NIB released its 2022 calendar to investors.
The most important date in the near term is on 21 February, where NIB will deliver its half-year results for FY22.
In addition to its six-month performance report, a 2022 interim dividend is also expected to be announced.
The ex-dividend date for the interim dividend is scheduled to fall the following week on 3 March. This is when investors must have purchased NIB shares to be eligible for the upcoming interim dividend payment.
Furthermore, eligible shareholders can elect to participate in the dividend reinvestment plan (DRP) with the deadline being 7 March. For those who participate, a discount will be applied to the volume-weighted average price of receiving NIB shares.
The payment date for the interim dividend is set for 4 April, where investors will collect a portion of the company’s profits.
In contrast, NIB handed shareholders a fully-franked interim dividend of 10 cents per share for the first-half of FY21.
The above process will again repeat itself with NIB releasing its full-year results again sometime in August. Although these dates are yet to be released by the company.
NIB share price snapshot
NIB shares have been on the move since this time last year, leaping almost 20% over the period.
Based on today’s price, NIB commands a market capitalisation of roughly $3.23 billion and has approximately 458.46 million shares outstanding.
The company currently has a trailing dividend yield of 3.41% and a price-to-earnings (P/E) ratio of 20.