NLI Holdings, Inc.
NLIndustrials · Security & Protection Services · Stock · quarterly payer
Forward Yield
6.02%
Annual Dividend
$0.40
Payout Ratio
175%
5-Yr Growth
17.6%
Ex-Date
Sep 3, 2026
Frequency
Quarterly
Key facts about NL's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, NLI Holdings, Inc. (NL) has a forward dividend yield of 6.02%, based on an annual dividend of $0.40 per share and a share price of $6.65.
- As of Oct 27, 2026, NL's dividend safety grade from SmarterDividends is C (60 out of 100), which rates the dividend as borderline.
- By SmarterDividends' count, NLI Holdings, Inc. (NL) has raised its dividend for 2 consecutive years as of Oct 27, 2026.
- NL last cut its regular dividend in 2020.
- NL's most recent ex-dividend date was Sep 3, 2026, for a dividend of $0.10 per share.
- As of Oct 27, 2026, NL pays out 175% of its trailing 12-month earnings as dividends (its payout ratio).
- NL's dividend has grown at an average rate of 17.6% a year over the past five years.
- As of Oct 27, 2026, NL's 6.02% yield is 16% below its five-year average yield of 7.19%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for NL is $9.35 per share, 41% above the $6.65 share price, so NL screens as undervalued.
- NLI Holdings, Inc. (NL) pays its dividend quarterly, 4 times a year.
- NLI Holdings, Inc. (NL) has raised its regular dividend 13 times and cut it 5 times across the 133 payments on record since 1983. Its most recent change was a 11.1% increase to $0.100 per share, going ex-dividend on Mar 10, 2026. The last cut went ex-dividend on Mar 23, 2006.
Cite this page
SmarterDividends, "NL Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/NL
Summary
As of Oct 27, 2026, NLI Holdings, Inc. (NL) yields 6.02% ($0.40 a year per share), has a dividend safety grade of C (60/100) and has 2 consecutive years of dividend increases on record.
Is NL a good dividend stock?
Yes, with caveatsNLI Holdings, Inc. (NL) pays a quarterly dividend yielding 6.02% ($0.40/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 17.6% 5-yr dividend growth
Risks
- Cut its dividend in 2020
- Elevated payout ratio (175%)
Key Data
- Dividend Yield
- 6.02%
- Payout Ratio
- 175%
- Annual Dividend
- $0.40
- 5-Yr Avg Growth
- 17.6%
- Ex-Dividend Date
- Sep 3, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 0.14
- Market Cap
- $325.2M
- P/E Ratio
- —
- 5-Yr Total Return
- 9%
- 52-Week Range
- $5.04 – $8.60
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2020)
NL dividend raises and cuts
NLI Holdings, Inc. (NL) has raised its regular dividend 13 times and cut it 5 times across the 133 payments on record since 1983. Its most recent change was a 11.1% increase to $0.100 per share, going ex-dividend on Mar 10, 2026. The last cut went ex-dividend on Mar 23, 2006.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 10, 2026 | Raise | $0.0900 → $0.100 | +11.1% |
| Mar 11, 2025 | Raise | $0.0800 → $0.0900 | +12.5% |
| Mar 8, 2024 | Raise | $0.0700 → $0.0800 | +14.3% |
| Mar 11, 2022 | Raise | $0.0600 → $0.0700 | +16.7% |
| Mar 12, 2021 | Raise | $0.0400 → $0.0600 | +50.0% |
| Mar 23, 2006 | Cut | $0.250 → $0.125 | −50.0% |
| Mar 10, 2005 | Raise | $0.200 → $0.250 | +25.0% |
| Mar 12, 2003 | Cut | $0.210 → $0.200 | −4.8% |
| Dec 5, 2002 | Raise | $0.200 → $0.210 | +5.0% |
| Dec 11, 2000 | Raise | $0.150 → $0.200 | +33.3% |
| Mar 14, 2000 | Raise | $0.0350 → $0.150 | +328.6% |
| Mar 15, 1999 | Raise | $0.0300 → $0.0350 | +16.7% |
Show all 18 changes since 1984
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 28, 1998 | Cut | $0.100 → $0.0300 | −70.0% |
| Sep 10, 1992 | Cut | $0.150 → $0.0500 | −66.7% |
| Mar 13, 1989 | Raise | $0.125 → $0.150 | +20.0% |
| Dec 22, 1986 | Raise | $0.0500 → $0.125 | +150.0% |
| Sep 9, 1986 | Raise | $0.0250 → $0.0500 | +100.0% |
| Mar 9, 1984 | Cut | $0.125 → $0.0250 | −80.0% |
Frequently Asked Questions
Is NL a good dividend stock?
Yes, with caveats. NLI Holdings, Inc. (NL) pays a quarterly dividend yielding 6.02% ($0.40/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Is NL undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NL's fair value is about $9.35 versus a $6.65 share price — so it looks undervalued (+41% vs. fair value).
Is NL's dividend safe?
NL has a dividend-safety grade of C (60/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2020, debt and yield-versus-history.
What is NL's fair value?
Our blended fair-value estimate for NL is about $9.35 per share, roughly 41% above the current $6.65 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is NL a buy, hold, or sell?
We don't issue formal ratings, but on the data NL screens as "yes, with caveats" and undervalued. NLI Holdings, Inc. (NL) pays a quarterly dividend yielding 6.02% ($0.40/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will NL cut its dividend?
NL earns a dividend-safety grade of C (60/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does NL pay a dividend?
Yes. NLI Holdings, Inc. pays a quarterly dividend of about $0.40 per share annually, a forward yield of roughly 6.02%.
What is NL's dividend yield?
As of Oct 27, 2026, NL's forward dividend yield is 6.02%, based on a $0.40 annual dividend and a $6.65 share price.
What is NL's dividend per share?
As of Oct 27, 2026, NL pays $0.40 per share per year, distributed on a quarterly basis.
What is NL's dividend payout ratio?
As of Oct 27, 2026, NL's payout ratio is 175% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has NL grown its dividend?
As of Oct 27, 2026, NL has increased its dividend for 2 consecutive years.
When is the next NL ex-dividend date?
As of Oct 27, 2026, NL's next ex-dividend date hasn't been announced. The most recent was Sep 3, 2026, for $0.10 per share.
NL Price — Last 12 Months
Daily close
Price Return
1 Year
+19%
3 Years
+31%
5 Years
+9%
52-Week Range
$5.04 – $8.60
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NL worth?
Undervaluedmedium confidenceOur blended fair-value estimate for NLI Holdings, Inc. is $9.35 per share, versus a market price of $6.65. That implies 41% of upside — a margin of safety of about 29%.
Fair Value
$9.35
Current Price
$6.65
Upside
+41%
Margin of Safety
29%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 0.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, -$0.52 EPS, $0.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NL Dividend Safety Score
Borderline
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 NL dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 3, 2026 | Sep 22, 2026 | $0.1000 | regular |
| Jun 4, 2026 | Jun 23, 2026 | $0.1000 | regular |
| Mar 10, 2026 | Mar 26, 2026 | $0.1000 | regular |
| Nov 21, 2025 | Dec 16, 2025 | $0.0900 | regular |
| Sep 5, 2025 | Sep 23, 2025 | $0.0900 | regular |
| Aug 18, 2025 | Aug 28, 2025 | $0.2100 | regular |
| Jun 9, 2025 | Jun 24, 2025 | $0.0900 | regular |
| Mar 11, 2025 | Mar 27, 2025 | $0.0900 | regular |
| Nov 29, 2024 | Dec 17, 2024 | $0.0800 | regular |
| Sep 6, 2024 | Sep 24, 2024 | $0.0800 | regular |
| Aug 19, 2024 | Aug 29, 2024 | $0.4300 | regular |
| Jun 10, 2024 | Jun 25, 2024 | $0.0800 | regular |
| Mar 8, 2024 | Mar 21, 2024 | $0.0800 | regular |
| Nov 30, 2023 | Dec 19, 2023 | $0.0700 | regular |
Income Calculator
At $0.40 / yr per share
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