Nomura Holdings, Inc.
NMRFinancial Services · Stock · semiannual payer
Forward Yield
3.29%
Annual Dividend
$0.32
Payout Ratio
37%
5-Yr Growth
38.9%
Ex-Date
Mar 31, 2026
Frequency
Semiannual
Summary
As of September 2026, Nomura Holdings, Inc. (NMR) yields 3.29% ($0.32 per share annually), with a blended fair-value estimate of $6.25 — -38% downside, so it screens as overvalued. Dividend safety grade: C (62/100). 2 years of dividend growth.
Is NMR a good dividend stock?
Yes, with caveatsNomura Holdings, Inc. (NMR) pays a semiannual dividend yielding 3.29% ($0.32/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
- Comfortable payout ratio (37%)
- Strong 38.9% 5-yr dividend growth
- 118% total price return over 5 years
Risks
- Cut its dividend in 2006
Key Data
- Dividend Yield
- 3.29%
- Payout Ratio
- 37%
- Annual Dividend
- $0.32
- 5-Yr Avg Growth
- 38.9%
- Ex-Dividend Date
- Mar 31, 2026
- Years of Growth
- 2
- Frequency
- semiannual
- Beta
- 0.61
- Market Cap
- $28.5B
- P/E Ratio
- 11.7
- 5-Yr Total Return
- 118%
- 52-Week Range
- $6.71 – $10.94
- Dividend Safety
- C · 62/100
- Ever Cut?
- Yes (2006)
Frequently Asked Questions
NMR Price — Last 12 Months
Daily close
Price Return
1 Year
+41%
3 Years
+160%
5 Years
+118%
52-Week Range
$6.71 – $10.94
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NMR worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Nomura Holdings, Inc. is $6.25 per share, versus a market price of $10.07. That implies 38% of downside.
Fair Value
$6.25
Current Price
$10.07
Downside
-38%
Margin of Safety
-61%
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.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -0.5% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.3% discount rate (CAPM), -0.5% stage-1 growth, 2.5% terminal growth, $0.85 EPS, $0.32 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NMR 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 NMR dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 31, 2025 | — | $0.2380 | regular |
| Sep 30, 2024 | — | $0.1530 | regular |
| Mar 27, 2024 | — | $0.0950 | regular |
| Mar 30, 2020 | — | $0.0460 | regular |
| Sep 26, 2007 | — | $0.0770 | regular |
| Jun 27, 2007 | — | $0.0730 | regular |
| Mar 28, 2007 | — | $0.1640 | regular |
| Sep 27, 2006 | — | $0.0680 | regular |
| Jun 27, 2006 | — | $0.0710 | regular |
| Mar 28, 2006 | — | $0.3080 | regular |
| Sep 27, 2005 | — | $0.1090 | regular |
| Mar 28, 2005 | — | $0.0960 | regular |
| Sep 27, 2004 | — | $0.0900 | regular |
| Mar 26, 2004 | — | $0.0680 | regular |
Income Calculator
At $0.32 / yr per share
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