Novo Nordisk A/S
NONOFHealthcare · Stock · semiannual payer
Forward Yield
4.22%
Annual Dividend
$1.80
Payout Ratio
45%
5-Yr Growth
28.5%
Ex-Date
Aug 14, 2026
Frequency
Semiannual
Summary
As of September 2026, Novo Nordisk A/S (NONOF) yields 4.22% ($1.80 per share annually), with a blended fair-value estimate of $73.77 — +77% upside, so it screens as undervalued. Dividend safety grade: C (58/100). 6 years of dividend growth.
Is NONOF a good dividend stock?
Yes, with caveatsNovo Nordisk A/S (NONOF) pays a semiannual dividend yielding 4.22% ($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 (45%)
- 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
- 4.22%
- Payout Ratio
- 45%
- Annual Dividend
- $1.80
- 5-Yr Avg Growth
- 28.5%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 6
- Frequency
- semiannual
- Beta
- 0.34
- Market Cap
- $184.5B
- P/E Ratio
- 10.4
- 5-Yr Total Return
- -23%
- 52-Week Range
- $34.00 – $64.75
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2017)
Frequently Asked Questions
NONOF Price — Last 12 Months
Daily close
Price Return
1 Year
-15%
3 Years
-57%
5 Years
-23%
52-Week Range
$34.00 – $64.75
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NONOF worth?
Undervaluedlow confidenceOur blended fair-value estimate for Novo Nordisk A/S is $73.77 per share, versus a market price of $41.77. That implies 77% of upside — a margin of safety of about 43%.
Fair Value
$73.77
Current Price
$41.77
Upside
+77%
Margin of Safety
43%
How we get there
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 -10.0% annual free-cash-flow growth. We model 8.9% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 8.9% stage-1 growth, 2.5% terminal growth, $4.03 EPS, $1.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NONOF 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 |
|---|---|---|---|
| Mar 27, 2026 | — | $1.2270 | regular |
| Mar 28, 2025 | — | $1.1430 | regular |
| Aug 15, 2024 | — | $0.5170 | regular |
| Mar 22, 2024 | — | $0.9320 | regular |
| Aug 18, 2023 | — | $0.4375 | regular |
| Mar 24, 2023 | — | $0.5930 | regular |
| Aug 12, 2022 | — | $0.2950 | regular |
| Mar 25, 2022 | — | $0.5100 | regular |
| Aug 16, 2021 | — | $0.2775 | regular |
| Mar 26, 2021 | — | $0.4630 | regular |
| Aug 14, 2020 | — | $0.2580 | regular |
| Mar 27, 2020 | — | $0.3955 | regular |
| Aug 16, 2019 | — | $0.2235 | regular |
| Mar 22, 2019 | — | $0.3925 | regular |
Income Calculator
At $1.80 / yr per share
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