<div id="readability-page-1">An update from National Australia Bank Limited ( (AU:NAB) ) is now available.National Australia Bank has announced the next quarterly distribution on its NAB Capital Notes 5 (ASX: NABPH), with a fully franked cash payment of A$1.4059 per note to be paid on 17 September 2026. The distribution, which relates to the period from 17 June to 17 September 2026, will be paid to noteholders on the register as at 4 September, with the notes trading ex-distribution from 3 September.The annualised distribution rate for this period has been set at 5.578% after franking, derived from a 3‑month Bank Bill Rate of 4.4685% plus a 3.5% margin and adjusted for a 30% tax rate. The announcement confirms continued income for NAB Capital Notes 5 investors and reflects ongoing use of hybrid securities as part of NAB’s funding and capital management strategy, with the rate moving in line with benchmark short‑term interest rates. The most recent analyst rating on (AU:NAB) stock is a Hold with a A$36.75 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page. <div> More about National Australia Bank Limited National Australia Bank Limited (NAB) is one of Australia’s major banking and financial services institutions, offering retail, business and institutional banking products. The bank also raises regulatory capital from investors through listed hybrid securities such as NAB Capital Notes, which provide income-style returns and support its capital structure. Average Trading Volume: 6,379,066 Technical Sentiment Signal: Buy Current Market Cap: A$114.6B </div><div> Find detailed analytics on NAB stock on TipRanks’ Stock Analysis page. </div></div>

National Australia Bank (NAB) announced a quarterly distribution for its Capital Notes 5, setting the rate at 5.578% after franking. A fully franked cash payment of A$1.4059 per note will be paid on September 17, 2026, to noteholders registered by September 4. The rate is derived from the 3-month Bank Bill Rate plus a margin, adjusted for tax. This reflects NAB's ongoing use of hybrid securities for capital management.

NAB Sets September 2026 Distribution Rate for Capital Notes 5