SmarterDividends
NONOF

Novo Nordisk (NONOF) Dividend

Novo Nordisk A/S · Healthcare · Drug Manufacturers - General · semiannual payer

$40.00

Undervalued · +70% Add to Portfolio

As of Nov 5, 2026, Novo Nordisk (NONOF) pays a twice-yearly dividend, or $1.80 a year, a 4.25% yield at its $40.00 share price. It pays twice a year, usually in March and April. It has raised its dividend 6 years in a row and has a dividend safety grade of C.

Forward Yield

4.25%

Annual Dividend

$1.80

Payout Ratio

46%

5-Yr Growth

28.5%

Ex-Date

Aug 14, 2026

Frequency

Semiannual

Key facts about NONOF's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Novo Nordisk A/S (NONOF) has a forward dividend yield of 4.25%, based on an annual dividend of $1.80 per share and a share price of $40.00.
  • As of Nov 5, 2026, NONOF's dividend safety grade from SmarterDividends is C (58 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Novo Nordisk A/S (NONOF) has raised its dividend for 6 consecutive years as of Nov 5, 2026.
  • NONOF last cut its regular dividend in 2017.
  • NONOF's most recent ex-dividend date was Mar 27, 2026, for a dividend of $1.23 per share.
  • As of Nov 5, 2026, NONOF pays out 46% of its trailing 12-month earnings as dividends (its payout ratio).
  • NONOF's dividend has grown at an average rate of 28.5% a year over the past five years.
  • As of Nov 5, 2026, NONOF's 4.25% yield is 190% above its five-year average yield of 1.46%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for NONOF is $67.90 per share, 70% above the $40.00 share price, so NONOF screens as undervalued.
  • Novo Nordisk A/S (NONOF) pays its dividend semiannual, 2 times a year.
Cite this page

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

Is NONOF a good dividend stock?

Yes, with caveats

Novo Nordisk A/S (NONOF) pays a semiannual dividend yielding 4.25% ($1.80/yr), with 6 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (46%)
  • Strong 28.5% 5-yr dividend growth

Risks

  • Cut its dividend in 2017
  • Share price is down over the past 5 years

Key Data

Dividend Yield
4.25%
Payout Ratio
46%
Annual Dividend
$1.80
5-Yr Avg Growth
28.5%
Ex-Dividend Date
Aug 14, 2026
Years of Growth
6
Frequency
semiannual
Beta
—
Market Cap
$176.4B
P/E Ratio
10.1
5-Yr Total Return
-28%
52-Week Range
$34.00 – $64.75
Dividend Safety
C · 58/100
Ever Cut?
Yes (2017)

NONOF dividend changes

Novo Nordisk A/S (NONOF) pays a variable dividend: across the 22 payments on record since 2014, 14 were higher than the one before and 5 lower. The latest change was up 22.6% to $1.14 per share, going ex-dividend on Mar 28, 2025.

Ex-dateChangeOld → newMove
Mar 28, 2025Higher$0.932 → $1.14+22.6%
Aug 15, 2024Higher$0.438 → $0.517+18.2%
Mar 22, 2024Higher$0.593 → $0.932+57.2%
Aug 18, 2023Higher$0.295 → $0.438+48.3%
Mar 24, 2023Higher$0.510 → $0.593+16.3%
Aug 12, 2022Higher$0.278 → $0.295+6.3%
Mar 25, 2022Higher$0.463 → $0.510+10.2%
Aug 16, 2021Higher$0.258 → $0.278+7.6%
Mar 26, 2021Higher$0.396 → $0.463+17.1%
Aug 14, 2020Higher$0.224 → $0.258+15.4%
Mar 27, 2020Higher$0.393 → $0.396+0.8%
Aug 16, 2019Lower$0.229 → $0.224−2.4%
Every NONOF payment →Download every raise and cut (CSV)
NONOF ex-dividend date & scheduleNext ex-date Aug 14, 2026 · full ex-dividend historyView →NONOF dividend historyEvery payment, totals by year, raises and cutsView →NONOF dividend calculator100 shares pay $180.00 a year, $90.00 every six monthsCalculate →NONOF total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is NONOF a good dividend stock?

Yes, with caveats. Novo Nordisk A/S (NONOF) pays a semiannual dividend yielding 4.25% ($1.80/yr), with 6 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is NONOF undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NONOF's fair value is about $67.90 versus a $40.00 share price — so it looks undervalued (+70% vs. fair value).

Is NONOF's dividend safe?

NONOF has a dividend-safety grade of C (58/100), based on its payout coverage, free-cash-flow, 6-year growth streak, a dividend cut in 2017, debt and yield-versus-history.

What is NONOF's fair value?

Our blended fair-value estimate for NONOF is about $67.90 per share, roughly 70% above the current $40.00 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NONOF a buy, hold, or sell?

We don't issue formal ratings, but on the data NONOF screens as "yes, with caveats" and undervalued. Novo Nordisk A/S (NONOF) pays a semiannual dividend yielding 4.25% ($1.80/yr), with 6 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 NONOF cut its dividend?

NONOF earns a dividend-safety grade of C (58/100), and has cut its dividend before (last in 2017). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NONOF pay a dividend?

Yes. Novo Nordisk A/S pays a semiannual dividend of about $1.80 per share annually, a forward yield of roughly 4.25%.

How much dividend does 100 shares of NONOF pay?

At $1.80 per share a year, 100 shares of NONOF pay $180.00 a year in dividends before tax, about $90.00 every six months. Buying them costs about $4,000 at the Nov 5, 2026 price.

What is NONOF's dividend yield?

As of Nov 5, 2026, NONOF's forward dividend yield is 4.25%, based on a $1.80 annual dividend and a $40.00 share price.

What is NONOF's dividend per share?

As of Nov 5, 2026, NONOF pays $1.80 per share per year, distributed on a semiannual basis.

What is NONOF's dividend payout ratio?

As of Nov 5, 2026, NONOF's payout ratio is 46% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has NONOF grown its dividend?

As of Nov 5, 2026, NONOF has increased its dividend for 6 consecutive years.

When is the next NONOF ex-dividend date?

As of Nov 5, 2026, NONOF's next ex-dividend date hasn't been announced. The most recent was Mar 27, 2026, for $1.23 per share.

Income Calculator

At $1.80 / yr per share

Per payment (semiannual)$90.00
Annual$180.00
Monthly avg$15.00
Full NONOF dividend calculator →

Similar Dividend Stocks

LLYLLYEli Lilly and Company0.49%HealthcareJNJJNJJohnson & Johnson1.94%55 yrABBVABBVAbbVie Inc.2.35%HealthcareMRKMRKMerck & Co., Inc.2.26%Healthcare

Compare NONOF

NONOF vs LLYNONOF vs JNJNONOF vs ABBVNONOF vs MRK

Explore more

Lists and tools related to NONOF