National Australia Bank Ltd · Dividends
ASX: NAB · Financials · Diversified Banks
Dividends per share
Per financial year, as reported in the accounts
Payment record
Totals paid and share of profit distributed
| FY | Per share | Total paid | Payout ratio |
|---|---|---|---|
| FY25 | $1.54 | $4.8B | 71% |
| FY24 | $1.43 | $4.7B | 68% |
| FY23 | $1.27 | $4.3B | 59% |
| FY22 | $1.16 | $4.0B | 58% |
| FY21 | $0.76 | $2.7B | 42% |
| FY20 | $0.70 | $2.3B | 91% |
| FY19 | $1.08 | $3.3B | 68% |
| FY18 | $1.44 | $4.2B | 76% |
| FY17 | $1.65 | $4.8B | 90% |
| FY16 | $1.64 | $4.6B | 1,305% |
Reading the payout ratio
The payout ratio is the share of net profit returned to shareholders as dividends. A ratio under ~70% generally leaves room to maintain the dividend through a weaker year; a ratio persistently near or above 100% means the company is paying out more than it earns, which is rarely sustainable. Per-share figures here are company-reported annual totals. Check the company's own announcements for franking credits and payment dates.
Does NAB pay a growing or shrinking dividend?
National Australia Bank's per-share dividend has been uneven over the reported decade. It held near $1.77-$1.78 in FY2016-FY2017, then was cut for three straight years to $1.56 (FY2018), $1.17 (FY2019) and $0.76 (FY2020), before recovering step by step to $0.82 (FY2021), $1.24 (FY2022), $1.38 (FY2023), $1.52 (FY2024) and $1.58 in FY2025 — still below the FY2017 high.
Payout ratios (dividends relative to net income) have also varied widely: from FY2017 to FY2025 the ratio ranged between about 42.1% (FY2021) and 90.8% (FY2020), with the most recent FY2025 figure at 71.4% of net income. FY2016 stands out because dividends of $4.6B were paid against net income of just $352M that year — about 13 times that year's earnings — underscoring how unusually low FY2016's reported net income was relative to the dividend maintained.
AI-assisted analysis generated from Craytheon's verified financial data · Updated 4 Jul 2026 · How this works
Data is general information only, not financial advice. Figures are as reported in company filings (some ASX companies report in USD); share prices are AUD.