Northern Oil and Gas, Inc.
NOGEnergy · Stock · quarterly payer
Forward Yield
6.84%
Annual Dividend
$1.80
Payout Ratio
462%
5-Yr Growth
—
Ex-Date
Sep 29, 2026
Frequency
Quarterly
Summary
As of September 2026, Northern Oil and Gas, Inc. (NOG) yields 6.84% ($1.80 per share annually), with a blended fair-value estimate of $33.95 — +31% upside, so it screens as undervalued. Dividend safety grade: C (59/100). 4 years of dividend growth.
Is NOG a good dividend stock?
Yes, with caveatsNorthern Oil and Gas, Inc. (NOG) pays a quarterly dividend yielding 6.84% ($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
- 6.84%
- Payout Ratio
- 462%
- Annual Dividend
- $1.80
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 29, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.75
- Market Cap
- $2.8B
- P/E Ratio
- —
- 5-Yr Total Return
- 24%
- 52-Week Range
- $17.18 – $31.17
- Dividend Safety
- C · 59/100
- Ever Cut?
- No
Frequently Asked Questions
NOG Price — Last 12 Months
Daily close
Price Return
1 Year
+7%
3 Years
-34%
5 Years
+24%
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 $33.95 per share, versus a market price of $25.92. That implies 31% of upside — a margin of safety of about 24%.
Fair Value
$33.95
Current Price
$25.92
Upside
+31%
Margin of Safety
24%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 18.8% annual free-cash-flow growth. We model 3.1% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.1% discount rate (CAPM), 3.1% stage-1 growth, 2.5% terminal growth, -$4.83 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
