National Australia BankASX:NAB +1.10%67 Dividend Yield % is 4.44% as of Jun. 24, 2026, which is 12% below its 10-year median of 5.06. GuruFocus rates ASX:NAB with a GF Score™ of 67/100 and a GF Value™ of A$42.23 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,252 Banks companies, National Australia Bank ranks better than 70.37% on this metric.
As of today (2026-06-24), the Trailing Annual Dividend Yield of National Australia Bank is 4.44%.
Good Sign:
National Australia Bank Ltd stock Dividend Yield % is close to 1-year high.
The historical rank and industry rank for National Australia Bank's Dividend Yield % or its related term are showing as below:
ASX:NAB'
s Dividend Yield % Range Over the Past 10 Years
Min: 2.72 Med: 5.06 Max: 12.04
Current: 4.44
During the past 13 years, the highest Dividend Yield of National Australia Bank was 12.04%. The lowest was 2.72%. And the median was 5.06%.
ASX:NAB's Dividend Yield % is ranked better than 70.37% of 1252
companies
in the Banks industry
Industry Median: 3.04
vs ASX:NAB: 4.44
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of National Australia Bank Ltd is 0.88, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of National Australia Bank was 0.90. The lowest was 0.48. And the median was 0.77.
During the past 12 months, National Australia Bank's average Dividends Per Share Growth Rate was 0.60% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 6.70% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 12.30% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was -3.10% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of National Australia Bank was 32.30% per year. The lowest was -23.10% per year. And the median was 5.20% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
National Australia Bank (ASX:NAB) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ASX:NAB vs JPM, BAC, WFC: Dividend Yield % Comparison
For the Banks - Diversified subindustry, National Australia Bank's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
National Australia Bank Dividend Yield % vs Banks Industry
For the Banks industry and Financial Services sector, National Australia Bank's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where National Australia Bank's Dividend Yield % falls into.
National Australia Bank Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
National Australia Bank Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
AUD 0.850000
2026-05-07
2026-05-08
2026-07-02
Cash Dividend
semi-annually
AUD:AUD 1.000000
AUD 0.850000
2025-11-11
2025-11-12
2025-12-12
Cash Dividend
semi-annually
AUD:AUD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
National Australia Bank (ASX:NAB) has a Dividend Yield % of 4.44% as of Jun. 24, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on National Australia Bank and its competitors. This is 12% below median its historical median of 5.06. Over the past decade, National Australia Bank's Dividend Yield % has ranged from 2.72 to 12.04. According to the industry distribution chart, National Australia Bank ranks #371 out of 1252 companies in the Banks industry, placing it in the top 29.6%.
Is National Australia Bank's Dividend Yield % too high?
National Australia Bank's current Dividend Yield % of 4.44% is 12% below median its 10-year median of 5.06. Over the past 10 years, this metric has ranged from a low of 2.72 to a high of 12.04. The Banks industry median Dividend Yield % is 3.04. National Australia Bank's value of 4.44% is 46.1% above this industry median. Based on the distribution chart, National Australia Bank ranks #371 out of 1252 companies in the Banks industry, which is above the industry midpoint. Overall, National Australia Bank has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Australia Bank's Dividend Yield % compare to JPM and BAC?
According to the Banks industry distribution chart, National Australia Bank ranks #371 out of 1252 companies for Dividend Yield %. This puts National Australia Bank in the upper half of its industry. The industry median Dividend Yield % is 3.04. National Australia Bank's value of 4.44% is 46.1% above this benchmark. Historically, National Australia Bank's own Dividend Yield % has ranged from 2.72 to 12.04 over the past decade. While the company's 10-year median is 5.06 vs. the industry median of 3.04, National Australia Bank has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Yield % for a Banks company?
The median Dividend Yield % among Banks companies is 3.04, based on 1,252 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Australia Bank's current Dividend Yield % of 4.44% is 46.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on National Australia Bank and its competitors. For the Banks industry, the median Dividend Yield % is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Australia Bank's current Dividend Yield % is 4.44%, which is 12% below median its own 10-year median of 5.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Australia Bank stock overvalued right now?
Based on GuruFocus' analysis, National Australia Bank (ASX:NAB) is currently considered Fairly Valued. The stock's GF Value™ is A$42.23, compared to a current price of A$38.75 — trading 8.2% below its estimated fair value. The current Dividend Yield % is 4.44%, which is 12% below median its 10-year median of 5.06 and 46.1% above the Banks industry median of 3.04. National Australia Bank's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For National Australia Bank (ASX:NAB), the current Dividend Yield % is 4.44% as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is National Australia Bank (ASX:NAB) Overvalued in 2026?
Based on GuruFocus' analysis, National Australia Bank stock appears to be undervalued.
The current stock price of A$38.75 is trading 8.2% below its estimated GF Value™ of A$42.23.
GuruFocus considers National Australia Bank to be Fairly Valued.
Key valuation signals for ASX:NAB:
Dividend Yield %: 4.44% (12% below median its 10-year median of 5.06)
GF Value™: A$42.23 vs. price of A$38.75 (8.2% below fair value)
Industry Position: 46.1% above the Banks median (#371 of 1252)
No single metric tells the full story. See the ASX:NAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Australia Bank is the most business-focused of the four major banks, holding the largest share of business loans and the number-three spot in home loans. National Australia Bank is currently the second-largest bank by market capitalization, with the franchise covering consumer, small business, corporate, and institutional sectors. Under the UBank brand the bank also owns one of Australia's largest digital-only banks. Offshore operations in New Zealand round out the group.
67GF Score
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