SmarterDividends
NOG

Northern Oil and Gas (NOG) Dividend

Northern Oil and Gas, Inc. · Energy · Oil & Gas E&P · quarterly payer

$22.84

Undervalued · +70% Add to Portfolio

As of Nov 8, 2026, Northern Oil and Gas (NOG) pays a quarterly dividend of $0.45 per share, or $1.80 a year, a 7.88% yield at its $22.84 share price. The next ex-dividend date is Dec 30, 2026, paid Jan 13, 2027. It has raised its dividend 4 years in a row and has a dividend safety grade of C.

Forward Yield

7.88%

Annual Dividend

$1.80

Payout Ratio

462%

5-Yr Growth

—

Ex-Date

Dec 30, 2026

Frequency

Quarterly

Key facts about NOG's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, Northern Oil and Gas, Inc. (NOG) has a forward dividend yield of 7.88%, based on an annual dividend of $1.80 per share and a share price of $22.84.
  • As of Nov 8, 2026, NOG's dividend safety grade from SmarterDividends is C (59 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Northern Oil and Gas, Inc. (NOG) has raised its dividend for 4 consecutive years as of Nov 8, 2026.
  • NOG has never cut its regular dividend in the payment history SmarterDividends has on record.
  • NOG's next ex-dividend date is Dec 30, 2026, with payment on Jan 13, 2027. Shares must be owned before that date to receive the dividend.
  • As of Nov 8, 2026, NOG pays out 462% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Nov 8, 2026, NOG's 7.88% yield is 107% above its five-year average yield of 3.81%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for NOG is $38.93 per share, 70% above the $22.84 share price, so NOG screens as undervalued.
  • Northern Oil and Gas, Inc. (NOG) pays its dividend quarterly, 4 times a year.
  • Northern Oil and Gas, Inc. (NOG) has raised its regular dividend 12 times and cut it 0 times across the 22 payments on record since 2021. Its most recent change was a 7.1% increase to $0.450 per share, going ex-dividend on Mar 28, 2025.
Cite this page

SmarterDividends, "NOG Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/NOG

Is NOG a good dividend stock?

Yes, with caveats

Northern Oil and Gas, Inc. (NOG) pays a quarterly dividend yielding 7.88% ($1.80/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record

Risks

  • Elevated payout ratio (462%)

Key Data

Dividend Yield
7.88%
Payout Ratio
462%
Annual Dividend
$1.80
5-Yr Avg Growth
—
Ex-Dividend Date
Dec 30, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.85
Market Cap
$2.4B
P/E Ratio
—
5-Yr Total Return
12%
52-Week Range
$17.18 – $31.17
Dividend Safety
C · 59/100
Ever Cut?
No

NOG dividend raises and cuts

Northern Oil and Gas, Inc. (NOG) has raised its regular dividend 12 times and cut it 0 times across the 22 payments on record since 2021. Its most recent change was a 7.1% increase to $0.450 per share, going ex-dividend on Mar 28, 2025.

Ex-dateChangeOld → newMove
Mar 28, 2025Raise$0.420 → $0.450+7.1%
Sep 27, 2024Raise$0.400 → $0.420+5.0%
Dec 27, 2023Raise$0.380 → $0.400+5.3%
Sep 27, 2023Raise$0.370 → $0.380+2.7%
Jun 28, 2023Raise$0.340 → $0.370+8.8%
Mar 29, 2023Raise$0.300 → $0.340+13.3%
Dec 28, 2022Raise$0.250 → $0.300+20.0%
Sep 28, 2022Raise$0.190 → $0.250+31.6%
Jun 28, 2022Raise$0.140 → $0.190+35.7%
Mar 29, 2022Raise$0.0800 → $0.140+75.0%
Dec 29, 2021Raise$0.0450 → $0.0800+77.8%
Sep 29, 2021Raise$0.0300 → $0.0450+50.0%
Every NOG payment →Download every raise and cut (CSV)
NOG ex-dividend date & scheduleNext ex-date Dec 30, 2026 · full ex-dividend historyView →NOG dividend historyEvery payment, totals by year, raises and cutsView →NOG dividend calculator100 shares pay $180.00 a year, $45.00 each quarterCalculate →NOG total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is NOG a good dividend stock?

Yes, with caveats. Northern Oil and Gas, Inc. (NOG) pays a quarterly dividend yielding 7.88% ($1.80/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is NOG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NOG's fair value is about $38.93 versus a $22.84 share price — so it looks undervalued (+70% vs. fair value).

Is NOG's dividend safe?

NOG has a dividend-safety grade of C (59/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is NOG's fair value?

Our blended fair-value estimate for NOG is about $38.93 per share, roughly 70% above the current $22.84 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NOG a buy, hold, or sell?

We don't issue formal ratings, but on the data NOG screens as "yes, with caveats" and undervalued. Northern Oil and Gas, Inc. (NOG) pays a quarterly dividend yielding 7.88% ($1.80/yr), with 4 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 NOG cut its dividend?

NOG earns a dividend-safety grade of C (59/100), 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 NOG pay a dividend?

Yes. Northern Oil and Gas, Inc. pays a quarterly dividend of about $1.80 per share annually, a forward yield of roughly 7.88%.

How much dividend does 100 shares of NOG pay?

At $1.80 per share a year, 100 shares of NOG pay $180.00 a year in dividends before tax, about $45.00 each quarter. Buying them costs about $2,284 at the Nov 8, 2026 price.

What is NOG's dividend yield?

As of Nov 8, 2026, NOG's forward dividend yield is 7.88%, based on a $1.80 annual dividend and a $22.84 share price.

What is NOG's dividend per share?

As of Nov 8, 2026, NOG pays $1.80 per share per year, distributed on a quarterly basis.

What is NOG's dividend payout ratio?

As of Nov 8, 2026, NOG's payout ratio is 462% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has NOG grown its dividend?

As of Nov 8, 2026, NOG has increased its dividend for 4 consecutive years.

When is the next NOG ex-dividend date?

As of Nov 8, 2026, the next ex-dividend date on record for NOG is Dec 30, 2026.

Income Calculator

At $1.80 / yr per share

Per payment (quarterly)$45.00
Annual$180.00
Monthly avg$15.00
Full NOG dividend calculator →

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