Dividend Policy

In accordance with the dividend policy adopted in the Shareholders’ Meeting of 25 April 2014, NSI distributes at least 75% of the direct result in cash. With this policy, NSI complies with its distribution obligation as FBI (Fiscal Investment Institution).

The retained part of the direct result will be used for reinvestment in the business to drive shareholder returns longer term.

Overview of dividend distribution
NSI distributes a dividend twice each year; an interim dividend is distributed after the publication of the H1 interim result and proposed the final dividend is announced with the publication of the preliminary annual results and distributed following the adoption of the final dividend in the Annual Shareholders’ Meeting.

Please check the financial calendar for relevant publication and distribution dates.

Note

Note: Dividends have been adjusted for the 8:1 share consolidation adopted in June 2017.