SmarterDividends
NRG

NRG Energy (NRG) Dividend

NRG Energy, Inc. · Utilities · Utilities - Independent Power Producers · quarterly payer

$82.18

Overvalued · -19% Add to Portfolio

As of Nov 5, 2026, NRG Energy (NRG) pays a quarterly dividend of $0.4750 per share, or $1.90 a year, a 2.28% yield at its $82.18 share price. It pays every quarter, usually in February, May, August and November. It has raised its dividend 6 years in a row and has a dividend safety grade of B.

Forward Yield

2.28%

Annual Dividend

$1.90

Payout Ratio

48%

5-Yr Growth

8.0%

Ex-Date

Nov 2, 2026

Frequency

Quarterly

Key facts about NRG's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, NRG Energy, Inc. (NRG) has a forward dividend yield of 2.28%, based on an annual dividend of $1.90 per share and a share price of $82.18.
  • As of Nov 5, 2026, NRG's dividend safety grade from SmarterDividends is B (70 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, NRG Energy, Inc. (NRG) has raised its dividend for 6 consecutive years as of Nov 5, 2026.
  • NRG last cut its regular dividend in 2016.
  • NRG's most recent ex-dividend date was Nov 2, 2026, for a dividend of $0.48 per share.
  • As of Nov 5, 2026, NRG pays out 48% of its trailing 12-month earnings as dividends (its payout ratio).
  • NRG's dividend has grown at an average rate of 8.0% a year over the past five years.
  • As of Nov 5, 2026, NRG's 2.28% yield is 19% below its five-year average yield of 2.82%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for NRG is $66.42 per share, 19% below the $82.18 share price, so NRG screens as overvalued.
  • NRG Energy, Inc. (NRG) pays its dividend quarterly, 4 times a year.
  • NRG Energy, Inc. (NRG) has raised its regular dividend 10 times and cut it 1 time across the 58 payments on record since 2012. Its most recent change was a 8.0% increase to $0.475 per share, going ex-dividend on Feb 2, 2026. The last cut went ex-dividend on Apr 28, 2016.
  • NRG Energy (NRG) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 8.0%, was declared on Jan 23, 2026.
Cite this page

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

Is NRG a good dividend stock?

Yes, with caveats

NRG Energy, Inc. (NRG) pays a quarterly dividend yielding 2.28% ($1.90/yr), with 6 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (48%)
  • Strong 8.0% 5-yr dividend growth
  • 167% total price return over 5 years

Risks

  • Cut its dividend in 2016

Key Data

Dividend Yield
2.28%
Payout Ratio
48%
Annual Dividend
$1.90
5-Yr Avg Growth
8.0%
Ex-Dividend Date
Nov 2, 2026
Years of Growth
6
Frequency
quarterly
Beta
1.20
Market Cap
$17.3B
P/E Ratio
21.5
5-Yr Total Return
167%
52-Week Range
$90.80 – $189.96
Dividend Safety
B · 70/100
Ever Cut?
Yes (2016)

NRG dividend raises and cuts

NRG Energy, Inc. (NRG) has raised its regular dividend 10 times and cut it 1 time across the 58 payments on record since 2012. Its most recent change was a 8.0% increase to $0.475 per share, going ex-dividend on Feb 2, 2026. The last cut went ex-dividend on Apr 28, 2016.

Ex-dateChangeOld → newMove
Feb 2, 2026Raise$0.440 → $0.475+8.0%
Feb 3, 2025Raise$0.408 → $0.440+7.8%
Jan 31, 2024Raise$0.378 → $0.408+7.9%
Jan 31, 2023Raise$0.350 → $0.378+8.0%
Jan 31, 2022Raise$0.325 → $0.350+7.7%
Jan 29, 2021Raise$0.300 → $0.325+8.3%
Jan 31, 2020Raise$0.0300 → $0.300+900.0%
Apr 28, 2016Cut$0.145 → $0.0300−79.3%
Jan 29, 2015Raise$0.140 → $0.145+3.6%
Apr 29, 2014Raise$0.120 → $0.140+16.7%
Apr 29, 2013Raise$0.0900 → $0.120+33.3%
Every NRG payment →Download every raise and cut (CSV)
NRG ex-dividend date & scheduleNext ex-date Nov 2, 2026 · full ex-dividend historyView →NRG dividend historyEvery payment, totals by year, raises and cutsView →NRG dividend calculator100 shares pay $190.00 a year, $47.50 each quarterCalculate →NRG total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is NRG a good dividend stock?

Yes, with caveats. NRG Energy, Inc. (NRG) pays a quarterly dividend yielding 2.28% ($1.90/yr), with 6 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is NRG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NRG's fair value is about $66.42 versus a $82.18 share price — so it looks overvalued (-19% vs. fair value).

Is NRG's dividend safe?

NRG has a dividend-safety grade of B (70/100), based on its payout coverage, free-cash-flow, 6-year growth streak, a dividend cut in 2016, debt and yield-versus-history.

What is NRG's fair value?

Our blended fair-value estimate for NRG is about $66.42 per share, about 19% below the current $82.18 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NRG a buy, hold, or sell?

We don't issue formal ratings, but on the data NRG screens as "yes, with caveats" and overvalued. NRG Energy, Inc. (NRG) pays a quarterly dividend yielding 2.28% ($1.90/yr), with 6 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will NRG cut its dividend?

NRG earns a dividend-safety grade of B (70/100), and has cut its dividend before (last in 2016). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NRG pay a dividend?

Yes. NRG Energy, Inc. pays a quarterly dividend of about $1.90 per share annually, a forward yield of roughly 2.28%.

How much dividend does 100 shares of NRG pay?

At $1.90 per share a year, 100 shares of NRG pay $190.00 a year in dividends before tax, about $47.50 each quarter. Buying them costs about $8,218 at the Nov 5, 2026 price.

What is NRG's dividend yield?

As of Nov 5, 2026, NRG's forward dividend yield is 2.28%, based on a $1.90 annual dividend and a $82.18 share price.

What is NRG's dividend per share?

As of Nov 5, 2026, NRG pays $1.90 per share per year, distributed on a quarterly basis.

What is NRG's dividend payout ratio?

As of Nov 5, 2026, NRG's payout ratio is 48% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has NRG grown its dividend?

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

When is the next NRG ex-dividend date?

As of Nov 5, 2026, NRG's next ex-dividend date hasn't been announced. The most recent was Nov 2, 2026, for $0.48 per share.

Income Calculator

At $1.90 / yr per share

Per payment (quarterly)$47.50
Annual$190.00
Monthly avg$15.83
Full NRG dividend calculator →

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