Natural Grocers by Vitamin Cottage, Inc.
NGVCConsumer Defensive · Stock · quarterly payer
Forward Yield
2.14%
Annual Dividend
$0.60
Payout Ratio
28%
5-Yr Growth
12.7%
Ex-Date
Aug 17, 2026
Frequency
Quarterly
Summary
As of August 2026, Natural Grocers by Vitamin Cottage, Inc. (NGVC) yields 2.14% ($0.60 per share annually), with a blended fair-value estimate of $33.69 — +20% upside, so it screens as undervalued. Dividend safety grade: B (74/100). 2 years of dividend growth.
Is NGVC a good dividend stock?
Yes, with caveatsNatural Grocers by Vitamin Cottage, Inc. (NGVC) pays a quarterly dividend yielding 2.14% ($0.60/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (28%)
- Strong 12.7% 5-yr dividend growth
- 151% total price return over 5 years
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.14%
- Payout Ratio
- 28%
- Annual Dividend
- $0.60
- 5-Yr Avg Growth
- 12.7%
- Ex-Dividend Date
- Aug 17, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 1.27
- Market Cap
- $648.3M
- P/E Ratio
- 13.7
- 5-Yr Total Return
- 151%
- 52-Week Range
- $23.47 – $41.58
- Dividend Safety
- B · 74/100
- Ever Cut?
- No
Frequently Asked Questions
NGVC Price — Last 12 Months
Daily close
Price Return
1 Year
-27%
3 Years
+118%
5 Years
+151%
52-Week Range
$23.47 – $41.58
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NGVC worth?
Undervaluedlow confidenceOur blended fair-value estimate for Natural Grocers by Vitamin Cottage, Inc. is $33.69 per share, versus a market price of $28.13. That implies 20% of upside — a margin of safety of about 16%.
Fair Value
$33.69
Current Price
$28.13
Upside
+20%
Margin of Safety
16%
How we get there
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 4.7% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.7% discount rate (CAPM), 4.7% stage-1 growth, 2.5% terminal growth, $2.05 EPS, $0.60 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NGVC Dividend Safety Score
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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 18, 2026 | — | $0.1500 | regular |
| Mar 2, 2026 | — | $0.1500 | regular |
| Dec 1, 2025 | — | $0.1500 | regular |
| Sep 2, 2025 | — | $0.1200 | regular |
| May 27, 2025 | — | $0.1200 | regular |
| Mar 3, 2025 | — | $0.1200 | regular |
| Dec 2, 2024 | — | $0.1200 | regular |
| Sep 3, 2024 | — | $0.1000 | regular |
| Jun 3, 2024 | — | $0.1000 | regular |
| Mar 1, 2024 | — | $0.1000 | regular |
| Nov 24, 2023 | — | $1.1000 | regular |
| Aug 25, 2023 | — | $0.1000 | regular |
| May 26, 2023 | — | $0.1000 | regular |
| Feb 24, 2023 | — | $0.1000 | regular |
Income Calculator
At $0.60 / yr per share
