Nokia Oyj
NOKTechnology · Stock · quarterly payer
Forward Yield
1.53%
Annual Dividend
$0.16
Payout Ratio
118%
5-Yr Growth
—
Ex-Date
Jul 28, 2026
Frequency
Quarterly
Summary
As of September 2026, Nokia Oyj (NOK) yields 1.53% ($0.16 per share annually), with a blended fair-value estimate of $6.36 — -40% downside, so it screens as overvalued. Dividend safety grade: C (57/100). 3 years of dividend growth.
Is NOK a good dividend stock?
MixedNokia Oyj (NOK) pays a quarterly dividend yielding 1.53% ($0.16/yr), with 3 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
- 88% total price return over 5 years
Risks
- Cut its dividend in 2022
- Elevated payout ratio (118%)
Key Data
- Dividend Yield
- 1.53%
- Payout Ratio
- 118%
- Annual Dividend
- $0.16
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Jul 28, 2026
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- 0.77
- Market Cap
- $59.8B
- P/E Ratio
- 76.3
- 5-Yr Total Return
- 88%
- 52-Week Range
- $4.63 – $17.45
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
NOK Price — Last 12 Months
Daily close
Price Return
1 Year
+55%
3 Years
+223%
5 Years
+88%
52-Week Range
$4.63 – $17.45
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NOK worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Nokia Oyj is $6.36 per share, versus a market price of $10.68. That implies 40% of downside.
Fair Value
$6.36
Current Price
$10.68
Downside
-40%
Margin of Safety
-68%
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.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 16.8% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.1% discount rate (CAPM), 16.8% stage-1 growth, 2.5% terminal growth, $0.14 EPS, $0.16 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NOK 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 |
|---|---|---|---|
| Jul 29, 2025 | — | $0.0470 | regular |
| May 5, 2025 | — | $0.0460 | regular |
| Feb 4, 2025 | — | $0.0310 | regular |
| Oct 22, 2024 | — | $0.0330 | regular |
| Jul 23, 2024 | — | $0.0320 | regular |
| Apr 22, 2024 | — | $0.0430 | regular |
| Jan 29, 2024 | — | $0.0320 | regular |
| Oct 23, 2023 | — | $0.0320 | regular |
| Jul 24, 2023 | — | $0.0340 | regular |
| Apr 24, 2023 | — | $0.0330 | regular |
| Jan 30, 2023 | — | $0.0220 | regular |
| Oct 24, 2022 | — | $0.0200 | regular |
| Jul 25, 2022 | — | $0.0200 | regular |
| May 2, 2022 | — | $0.0210 | regular |
Income Calculator
At $0.16 / yr per share
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