NetApp, Inc.
NTAPTechnology · Stock · quarterly payer
Forward Yield
1.05%
Annual Dividend
$2.08
Payout Ratio
29%
5-Yr Growth
1.6%
Ex-Date
Oct 9, 2026
Frequency
Quarterly
Summary
As of September 2026, NetApp, Inc. (NTAP) yields 1.05% ($2.08 per share annually), with a blended fair-value estimate of $210.58 — +6% upside, so it screens as fairly valued. Dividend safety grade: A (88/100). 2 years of dividend growth.
Is NTAP a good dividend stock?
YesNetApp, Inc. (NTAP) pays a quarterly dividend yielding 1.05% ($2.08/yr), with 2 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (29%)
- 121% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.05%
- Payout Ratio
- 29%
- Annual Dividend
- $2.08
- 5-Yr Avg Growth
- 1.6%
- Ex-Dividend Date
- Oct 9, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 1.43
- Market Cap
- $38.8B
- P/E Ratio
- 27.9
- 5-Yr Total Return
- 121%
- 52-Week Range
- $93.69 – $209.06
- Dividend Safety
- A · 88/100
- Ever Cut?
- No
Frequently Asked Questions
NTAP Price — Last 12 Months
Daily close
Price Return
1 Year
+68%
3 Years
+172%
5 Years
+121%
52-Week Range
$93.69 – $209.06
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NTAP worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for NetApp, Inc. is $210.58 per share, versus a market price of $197.79. That implies the stock is roughly fairly priced.
Fair Value
$210.58
Current Price
$197.79
Gap
+6%
Margin of Safety
6%
How we get there
Discounted cash flow
Discounts projected free cash flow 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 20.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 11.5% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $7.08 EPS, $2.08 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NTAP Dividend Safety Score
Very Safe
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 10, 2026 | — | $0.5200 | regular |
| Apr 2, 2026 | — | $0.5200 | regular |
| Jan 2, 2026 | — | $0.5200 | regular |
| Oct 3, 2025 | — | $0.5200 | regular |
| Jul 3, 2025 | — | $0.5200 | regular |
| Apr 4, 2025 | — | $0.5200 | regular |
| Jan 3, 2025 | — | $0.5200 | regular |
| Oct 4, 2024 | — | $0.5200 | regular |
| Jul 5, 2024 | — | $0.5200 | regular |
| Apr 4, 2024 | — | $0.5000 | regular |
| Jan 4, 2024 | — | $0.5000 | regular |
| Oct 5, 2023 | — | $0.5000 | regular |
| Jul 6, 2023 | — | $0.5000 | regular |
| Apr 5, 2023 | — | $0.5000 | regular |
Income Calculator
At $2.08 / yr per share
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