SmarterDividends
NOK

Nokia (NOK) Dividend

Nokia Oyj · Technology · Communication Equipment · quarterly payer

$7.59

Overvalued · -23% Add to Portfolio

As of Nov 5, 2026, Nokia (NOK) pays a quarterly dividend, or $0.13 a year, a 1.63% yield at its $7.59 share price. It pays every quarter, usually in February, May, August and November. It has raised its dividend 3 years in a row and has a dividend safety grade of C.

Forward Yield

1.63%

Annual Dividend

$0.13

Payout Ratio

100%

5-Yr Growth

—

Ex-Date

Oct 27, 2026

Frequency

Quarterly

Key facts about NOK's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Nokia Oyj (NOK) has a forward dividend yield of 1.63%, based on an annual dividend of $0.13 per share and a share price of $7.59.
  • As of Nov 5, 2026, NOK's dividend safety grade from SmarterDividends is C (60 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Nokia Oyj (NOK) has raised its dividend for 3 consecutive years as of Nov 5, 2026.
  • NOK last cut its regular dividend in 2022.
  • NOK's most recent ex-dividend date was Jul 29, 2025, for a dividend of $0.0470 per share.
  • As of Nov 5, 2026, NOK pays out 100% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Nov 5, 2026, NOK's 1.63% yield is 35% below its five-year average yield of 2.52%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for NOK is $5.87 per share, 23% below the $7.59 share price, so NOK screens as overvalued.
  • Nokia Oyj (NOK) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "NOK Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/NOK

Is NOK a good dividend stock?

Yes, with caveats

Nokia Oyj (NOK) pays a quarterly dividend yielding 1.63% ($0.13/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • 53% total price return over 5 years

Risks

  • Cut its dividend in 2022
  • Elevated payout ratio (100%)

Key Data

Dividend Yield
1.63%
Payout Ratio
100%
Annual Dividend
$0.13
5-Yr Avg Growth
—
Ex-Dividend Date
Oct 27, 2026
Years of Growth
3
Frequency
quarterly
Beta
0.75
Market Cap
$42.5B
P/E Ratio
47.4
5-Yr Total Return
53%
52-Week Range
$5.86 – $17.45
Dividend Safety
C · 60/100
Ever Cut?
Yes (2022)

NOK dividend changes

Nokia Oyj (NOK) pays a variable dividend: across the 39 payments on record since 1995, 21 were higher than the one before and 6 lower. The latest change was up 2.2% to $0.0470 per share, going ex-dividend on Jul 29, 2025.

Ex-dateChangeOld → newMove
Jul 29, 2025Higher$0.0460 → $0.0470+2.2%
May 5, 2025Higher$0.0310 → $0.0460+48.4%
Feb 4, 2025Lower$0.0330 → $0.0310−6.1%
Oct 22, 2024Higher$0.0320 → $0.0330+3.1%
Oct 23, 2023Lower$0.0340 → $0.0320−5.9%
Jul 24, 2023Higher$0.0330 → $0.0340+3.0%
Apr 24, 2023Higher$0.0220 → $0.0330+50.0%
Jan 30, 2023Higher$0.0200 → $0.0220+10.0%
May 22, 2019Lower$0.236 → $0.0560−76.3%
May 31, 2018Higher$0.182 → $0.236+29.7%
May 24, 2017Higher$0.159 → $0.182+14.5%
May 4, 2012Lower$0.571 → $0.253−55.7%
Every NOK payment →Download every raise and cut (CSV)
NOK ex-dividend date & scheduleNext ex-date Oct 27, 2026 · full ex-dividend historyView →NOK dividend historyEvery payment, totals by year, raises and cutsView →NOK dividend calculator100 shares pay $13.00 a year, $3.25 each quarterCalculate →NOK total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is NOK a good dividend stock?

Yes, with caveats. Nokia Oyj (NOK) pays a quarterly dividend yielding 1.63% ($0.13/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is NOK undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NOK's fair value is about $5.87 versus a $7.59 share price — so it looks overvalued (-23% vs. fair value).

Is NOK's dividend safe?

NOK has a dividend-safety grade of C (60/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

What is NOK's fair value?

Our blended fair-value estimate for NOK is about $5.87 per share, about 23% below the current $7.59 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NOK a buy, hold, or sell?

We don't issue formal ratings, but on the data NOK screens as "yes, with caveats" and overvalued. Nokia Oyj (NOK) pays a quarterly dividend yielding 1.63% ($0.13/yr), with 3 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 NOK cut its dividend?

NOK earns a dividend-safety grade of C (60/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NOK pay a dividend?

Yes. Nokia Oyj pays a quarterly dividend of about $0.13 per share annually, a forward yield of roughly 1.63%.

How much dividend does 100 shares of NOK pay?

At $0.13 per share a year, 100 shares of NOK pay $13.00 a year in dividends before tax, about $3.25 each quarter. Buying them costs about $759 at the Nov 5, 2026 price.

What is NOK's dividend yield?

As of Nov 5, 2026, NOK's forward dividend yield is 1.63%, based on a $0.13 annual dividend and a $7.59 share price.

What is NOK's dividend per share?

As of Nov 5, 2026, NOK pays $0.13 per share per year, distributed on a quarterly basis.

What is NOK's dividend payout ratio?

As of Nov 5, 2026, NOK's payout ratio is 100% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has NOK grown its dividend?

As of Nov 5, 2026, NOK has increased its dividend for 3 consecutive years.

When is the next NOK ex-dividend date?

As of Nov 5, 2026, NOK's next ex-dividend date hasn't been announced. The most recent was Jul 29, 2025, for $0.0470 per share.

Income Calculator

At $0.13 / yr per share

Per payment (quarterly)$3.25
Annual$13.00
Monthly avg$1.08
Full NOK dividend calculator →

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