Northern Oil and Gas, Inc.
NOGEnergy · Stock · quarterly payer
Forward Yield
8.49%
Annual Dividend
$1.80
Payout Ratio
462%
5-Yr Growth
—
Ex-Date
Jun 29, 2026
Frequency
Quarterly
Summary
As of July 2026, Northern Oil and Gas, Inc. (NOG) yields 8.49% ($1.80 per share annually), with a blended fair-value estimate of $27.72 — +31% upside, so it screens as undervalued. Dividend safety grade: C (57/100). 4 years of dividend growth.
Is NOG a good dividend stock?
MixedNorthern Oil and Gas, Inc. (NOG) pays a quarterly dividend yielding 8.49% ($1.80/yr), with 4 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Never cut its dividend on record
Risks
- Elevated payout ratio (462%)
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 8.49%
- Payout Ratio
- 462%
- Annual Dividend
- $1.80
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Jun 29, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.71
- Market Cap
- $2.3B
- P/E Ratio
- —
- 5-Yr Total Return
- 28%
- 52-Week Range
- $17.18 – $31.17
- Dividend Safety
- C · 57/100
- Ever Cut?
- No
Frequently Asked Questions
NOG Price — Last 12 Months
Daily close
Price Return
1 Year
-19%
3 Years
-49%
5 Years
+28%
52-Week Range
$17.18 – $31.17
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NOG worth?
Undervaluedlow confidenceOur blended fair-value estimate for Northern Oil and Gas, Inc. is $27.72 per share, versus a market price of $21.19. That implies 31% of upside — a margin of safety of about 24%.
Fair Value
$27.72
Current Price
$21.19
Upside
+31%
Margin of Safety
24%
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 14.7% annual free-cash-flow growth. We model 10.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.9% discount rate (CAPM), 10.4% stage-1 growth, 2.5% terminal growth, -$6.32 EPS, $1.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NOG 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 29, 2026 | — | $0.4500 | regular |
| Mar 30, 2026 | — | $0.4500 | regular |
| Dec 30, 2025 | — | $0.4500 | regular |
| Sep 29, 2025 | — | $0.4500 | regular |
| Jun 27, 2025 | — | $0.4500 | regular |
| Mar 28, 2025 | — | $0.4500 | regular |
| Dec 30, 2024 | — | $0.4200 | regular |
| Sep 27, 2024 | — | $0.4200 | regular |
| Jun 27, 2024 | — | $0.4000 | regular |
| Mar 27, 2024 | — | $0.4000 | regular |
| Dec 27, 2023 | — | $0.4000 | regular |
| Sep 27, 2023 | — | $0.3800 | regular |
| Jun 28, 2023 | — | $0.3700 | regular |
| Mar 29, 2023 | — | $0.3400 | regular |
Income Calculator
At $1.80 / yr per share
