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.
The post Own NIB (ASX:NHF) shares? Here are the key dates for your investor diary in 2022 appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of August 16th 2021
More reading
- ASX 200 (ASX:XJO) midday update: Medibank and NIB rise, Bega sinks
- Here’s why the NIB (ASX:NHF) share price is pushing higher today
Motley Fool contributor Aaron Teboneras owns NIB Holdings Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended NIB Holdings Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/3F9gVaX
Leave a Reply