Novo Nordisk A/S
NONOFHealthcare · Stock · semiannual payer
Forward Yield
3.71%
Annual Dividend
$1.81
Payout Ratio
43%
5-Yr Growth
28.5%
Ex-Date
Mar 27, 2026
Frequency
Semiannual
Summary
As of July 2026, Novo Nordisk A/S (NONOF) yields 3.71% ($1.81 per share annually), with a blended fair-value estimate of $73.27 — +47% upside, so it screens as undervalued. Dividend safety grade: C (55/100). 6 years of dividend growth.
Is NONOF a good dividend stock?
MixedNovo Nordisk A/S (NONOF) pays a semiannual dividend yielding 3.71% ($1.81/yr), with 6 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
- Comfortable payout ratio (43%)
- 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
- 3.71%
- Payout Ratio
- 43%
- Annual Dividend
- $1.81
- 5-Yr Avg Growth
- 28.5%
- Ex-Dividend Date
- Mar 27, 2026
- Years of Growth
- 6
- Frequency
- semiannual
- Beta
- 0.36
- Market Cap
- $219.8B
- P/E Ratio
- 11.9
- 5-Yr Total Return
- -2%
- 52-Week Range
- $34.00 – $72.21
- Dividend Safety
- C · 55/100
- Ever Cut?
- Yes (2017)
Frequently Asked Questions
NONOF Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
-46%
5 Years
-2%
52-Week Range
$34.00 – $72.21
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NONOF worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Novo Nordisk A/S is $73.27 per share, versus a market price of $49.70. That implies 47% of upside — a margin of safety of about 32%.
Fair Value
$73.27
Current Price
$49.70
Upside
+47%
Margin of Safety
32%
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 8.4% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 8.4% stage-1 growth, 2.5% terminal growth, $4.18 EPS, $1.81 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 $1.81 / yr per share
