Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
National Australia Bank Limited ( (AU:NAB) ) just unveiled an update.
National Australia Bank has announced the next quarterly distribution on its NAB Capital Notes 3 (ASX: NABPF), a perpetual, non-cumulative, convertible hybrid security linked to the bank bill swap rate. The notes pay a floating margin above the three-month Bank Bill Rate and are structured to provide fully franked income to investors subject to Australian tax settings.
For the distribution period from 17 March 2026 to 16 June 2026, NAB has set a fully franked distribution rate of 5.7281% per annum on NAB Capital Notes 3, equating to a cash payment of A$1.4438 per note. The distribution, based on a 4.1830% three-month Bank Bill Rate plus a 4.00% margin and adjusted for a 30% tax rate, will be paid on 17 June 2026 to holders on the 5 June 2026 record date, underscoring the ongoing income stream these hybrids provide to investors holding NAB capital securities.
The most recent analyst rating on (AU:NAB) stock is a Hold with a A$50.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
More about National Australia Bank Limited
National Australia Bank Limited is one of Australia’s major banking and financial services institutions, offering retail, business and institutional banking products. The group operates across Australia and selected international markets, raising capital through listed hybrid securities such as NAB Capital Notes to diversify funding and provide income-focused investments to stakeholders.
Average Trading Volume: 3,967,787
Technical Sentiment Signal: Buy
Current Market Cap: A$144B
See more insights into NAB stock on TipRanks’ Stock Analysis page.