
National Bank Holdings Corporation
NBHCFinancial Services · Banks - Regional · Stock · quarterly payer
Forward Yield
3.38%
Annual Dividend
$1.28
Payout Ratio
53%
5-Yr Growth
8.4%
Ex-Date
Aug 28, 2026
Frequency
Quarterly
Key facts about NBHC's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, National Bank Holdings Corporation (NBHC) has a forward dividend yield of 3.38%, based on an annual dividend of $1.28 per share and a share price of $37.92.
- As of Oct 18, 2026, NBHC's dividend safety grade from SmarterDividends is A (89 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, National Bank Holdings Corporation (NBHC) has raised its dividend for 10 consecutive years as of Oct 18, 2026.
- NBHC has never cut its regular dividend in the payment history SmarterDividends has on record.
- NBHC's most recent ex-dividend date was Aug 28, 2026, for a dividend of $0.32 per share.
- As of Oct 18, 2026, NBHC pays out 53% of its trailing 12-month earnings as dividends (its payout ratio).
- NBHC's dividend has grown at an average rate of 8.4% a year over the past five years.
- As of Oct 18, 2026, NBHC's 3.38% yield is 25% above its five-year average yield of 2.71%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for NBHC is $18.85 per share, 50% below the $37.92 share price, so NBHC screens as overvalued.
- National Bank Holdings Corporation (NBHC) pays its dividend quarterly, 4 times a year.
- National Bank Holdings Corporation (NBHC) has raised its regular dividend 17 times and cut it 0 times across the 56 payments on record since 2012. Its most recent change was a 3.2% increase to $0.320 per share, going ex-dividend on Feb 27, 2026.
Cite this page
SmarterDividends, "NBHC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/NBHC
Summary
As of Oct 18, 2026, National Bank Holdings Corporation (NBHC) yields 3.38% ($1.28 a year per share), has a dividend safety grade of A (89/100) and has 10 consecutive years of dividend increases on record.
Is NBHC a good dividend stock?
YesNational Bank Holdings Corporation (NBHC) pays a quarterly dividend yielding 3.38% ($1.28/yr), with 10 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 10 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (53%)
- Strong 8.4% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.38%
- Payout Ratio
- 53%
- Annual Dividend
- $1.28
- 5-Yr Avg Growth
- 8.4%
- Ex-Dividend Date
- Aug 28, 2026
- Years of Growth
- 10
- Frequency
- quarterly
- Beta
- 0.83
- Market Cap
- $1.7B
- P/E Ratio
- 15.9
- 5-Yr Total Return
- -11%
- 52-Week Range
- $35.06 – $47.28
- Dividend Safety
- A · 89/100
- Ever Cut?
- No
NBHC dividend raises and cuts
National Bank Holdings Corporation (NBHC) has raised its regular dividend 17 times and cut it 0 times across the 56 payments on record since 2012. Its most recent change was a 3.2% increase to $0.320 per share, going ex-dividend on Feb 27, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 27, 2026 | Raise | $0.310 → $0.320 | +3.2% |
| Nov 28, 2025 | Raise | $0.300 → $0.310 | +3.3% |
| May 30, 2025 | Raise | $0.290 → $0.300 | +3.4% |
| Nov 29, 2024 | Raise | $0.280 → $0.290 | +3.6% |
| May 31, 2024 | Raise | $0.270 → $0.280 | +3.7% |
| Nov 22, 2023 | Raise | $0.260 → $0.270 | +3.8% |
| May 25, 2023 | Raise | $0.250 → $0.260 | +4.0% |
| Nov 23, 2022 | Raise | $0.230 → $0.250 | +8.7% |
| Feb 24, 2022 | Raise | $0.220 → $0.230 | +4.5% |
| May 27, 2021 | Raise | $0.210 → $0.220 | +4.8% |
| Feb 25, 2021 | Raise | $0.200 → $0.210 | +5.0% |
| Nov 27, 2019 | Raise | $0.190 → $0.200 | +5.3% |
Show all 17 changes since 2016
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 30, 2019 | Raise | $0.170 → $0.190 | +11.8% |
| Nov 29, 2018 | Raise | $0.140 → $0.170 | +21.4% |
| May 24, 2018 | Raise | $0.0900 → $0.140 | +55.6% |
| May 24, 2017 | Raise | $0.0700 → $0.0900 | +28.6% |
| Nov 22, 2016 | Raise | $0.0500 → $0.0700 | +40.0% |
Frequently Asked Questions
Is NBHC a good dividend stock?
Yes. National Bank Holdings Corporation (NBHC) pays a quarterly dividend yielding 3.38% ($1.28/yr), with 10 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is NBHC undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NBHC's fair value is about $18.85 versus a $37.92 share price — so it looks overvalued (-50% vs. fair value).
Is NBHC's dividend safe?
NBHC has a dividend-safety grade of A (89/100), based on its payout coverage, free-cash-flow, 10-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is NBHC's fair value?
Our blended fair-value estimate for NBHC is about $18.85 per share, about 50% below the current $37.92 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is NBHC a buy, hold, or sell?
We don't issue formal ratings, but on the data NBHC screens as "yes" and overvalued. National Bank Holdings Corporation (NBHC) pays a quarterly dividend yielding 3.38% ($1.28/yr), with 10 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will NBHC cut its dividend?
NBHC earns a dividend-safety grade of A (89/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does NBHC pay a dividend?
Yes. National Bank Holdings Corporation pays a quarterly dividend of about $1.28 per share annually, a forward yield of roughly 3.38%.
What is NBHC's dividend yield?
As of Oct 18, 2026, NBHC's forward dividend yield is 3.38%, based on a $1.28 annual dividend and a $37.92 share price.
What is NBHC's dividend per share?
As of Oct 18, 2026, NBHC pays $1.28 per share per year, distributed on a quarterly basis.
What is NBHC's dividend payout ratio?
As of Oct 18, 2026, NBHC's payout ratio is 53% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has NBHC grown its dividend?
As of Oct 18, 2026, NBHC has increased its dividend for 10 consecutive years.
When is the next NBHC ex-dividend date?
As of Oct 18, 2026, NBHC's next ex-dividend date hasn't been announced. The most recent was Aug 28, 2026, for $0.32 per share.
NBHC Price — Last 12 Months
Daily close
Price Return
1 Year
+2%
3 Years
+15%
5 Years
-11%
52-Week Range
$35.06 – $47.28
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NBHC worth?
Overvaluedmedium confidenceOur blended fair-value estimate for National Bank Holdings Corporation is $18.85 per share, versus a market price of $37.92. That implies 50% of downside.
Fair Value
$18.85
Current Price
$37.92
Downside
-50%
Margin of Safety
-101%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.4% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $2.38 EPS, $1.28 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NBHC Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full NBHC dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 28, 2026 | Sep 15, 2026 | $0.3200 | regular |
| May 29, 2026 | Jun 15, 2026 | $0.3200 | regular |
| Feb 27, 2026 | Mar 13, 2026 | $0.3200 | regular |
| Nov 28, 2025 | Dec 15, 2025 | $0.3100 | regular |
| Aug 29, 2025 | Sep 15, 2025 | $0.3000 | regular |
| May 30, 2025 | Jun 13, 2025 | $0.3000 | regular |
| Feb 28, 2025 | Mar 14, 2025 | $0.2900 | regular |
| Nov 29, 2024 | Dec 13, 2024 | $0.2900 | regular |
| Aug 30, 2024 | Sep 13, 2024 | $0.2800 | regular |
| May 31, 2024 | Jun 14, 2024 | $0.2800 | regular |
| Feb 22, 2024 | Mar 15, 2024 | $0.2700 | regular |
| Nov 22, 2023 | Dec 15, 2023 | $0.2700 | regular |
| Aug 24, 2023 | Sep 15, 2023 | $0.2600 | regular |
| May 25, 2023 | Jun 15, 2023 | $0.2600 | regular |
Income Calculator
At $1.28 / yr per share
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