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The National Australia Bank Ltd. share price has been smashed in 2020, but if you’re a Foolish investor, you’re probably thinking longer term.. "These are unprecedented times," Mr McEwan said during a conference call with journalists. It also comes after New Zealand's major banks, which are all subsidiaries of Australia's Big Four banks, cancelled their dividend payments early in the month.If you want to be eligible for NAB's next dividend, you'll need to hold onto your shares until 1 After that, you can sell your shares if you choose to and still get paid your dividends paid on The other big announcement this week was the launch of NAB's $3.5 billion capital raising and share price purchase plan (SPP).A capital raise is where a company seeks to raise funds by selling shares at a discount price to institutional or public shareholders.For regular shareholders, it means that $500 million of NAB stocks are being offered at a discount to its market price.Its $3 billion share placement to institutional investors was successfully completed on Tuesday.To be eligible, you'll need to have been a registered NAB shareholder on Friday 24 April (the record date) and must be an Australian or New Zealand resident.NAB has confirmed to Finder that all $500m of shares will be allocated to retail investors with more details coming on Monday May 4.There are a couple of limitations to note. National Australia Bank has announced a $1bn hit to its bottom line and will seek to raise $3.5bn in new capital to bolster its balance sheet in the face of the Covid-19 crisis..

Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria. Coming back to NAB, I think investors should participate in the SPP – and not just because I think you won’t be able to buy the stock any cheaper than the $14.15 per share offer under the program. If there’s many times that in the next 18 months then its price is not looking very good," said Lee.For long-term investors, the picture is more positive. "This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced.Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume.COVID-19 stimulus may not provide the hoped for boost as JobKeeper tensions mountWe have data on which workers have been hit hardest by coronavirus.

This means almost all eligible shareholders (98%) that applied for the SPP should receive their allocation at $14.15 per share on June 2, 2020.

"To date, we've had well over 650,000 enquiries for assistance from both business and individual customers, and it's happened so quickly. "Very uncertain times, and at these times a bank should look after its balance sheet. This equates to fully franked yields of 6.8% and 8.7% for the two years.

2020 Interim Dividend per ordinary share Existing shareholders can update their personal details through Computershare. Further top-ups may be required in the second half of 2020. Lee says NAB's price is looking good so long as the company is on track for a full earning and dividend recovery by 2022.As for a tip on when to invest, Lee says shareholders should always leave SPPs to the last minute so that they can gauge whether the price is attractive next to its market price.

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