National Australia Bank Ltd (ASX: NAB) released its half-year results this morning and declared its latest interim dividend.
Here is what investors need to know.
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NAB's half-year results
As a reminder, NAB released a solid half-year result today that revealed modest earnings growth and strong capital position.
The bank reported statutory net profit of $2.75 billion and cash earnings of $2.64 billion for the half. Cash earnings excluding large notable items were $3.59 billion, up 2.3% compared with the previous half.
Commenting on the half, NAB's CEO, Andrew Irvine, said:
Continued disciplined execution of our strategy and ongoing momentum across our business is reflected in NAB's 1H26 operating performance. Changes to our software capitalisation policy this period, consistent with the rapidly changing technology environment, have lowered cash earnings by $949 million. Excluding this large notable item (LNI), cash earnings were 2.3% higher than 2H25 with underlying profit up 6.4% supported by strong growth of 5.4% in Business & Private Banking (B&PB).
The NAB dividend
In light of its performance, the NAB board elected to declare an interim dividend of 85 cents per share.
This is in line with recent dividends. NAB also paid shareholders an 85 cents per share interim dividend in FY 2025 and an 85 cents per share final dividend later that year.
As usual, this dividend is fully franked, which means franking credits are attached at the 30% tax rate.
When do NAB shares trade ex-dividend?
NAB shares are scheduled to trade ex-dividend on 7 May 2026. The record date is 8 May 2026.
The ex-dividend date is important because investors need to own the shares before this date to qualify for the dividend.
If an investor buys NAB shares on or after the ex-dividend date, they will not receive this interim dividend. Instead, the seller keeps the entitlement.
When will the dividend be paid?
Investors will have to wait around two months until pay day. NAB advised that the payment date is currently scheduled for 2 July 2026.
Shareholders don't necessarily have to receive a cash dividend on that date.
NAB's dividend reinvestment plan (DRP) will apply to this dividend. The last date for DRP elections is 11 May 2026 according to the release.
The DRP will include a 1.5% discount, with the reinvestment price based on the average volume weighted average price of NAB shares over the 25 trading days from 14 May to 18 June 2026.
