SmarterDividends
NVO

Novo Nordisk (NVO) Dividend

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

$40.44

Undervalued · +66% Add to Portfolio

As of Nov 5, 2026, Novo Nordisk (NVO) pays a twice-yearly dividend, or $1.80 a year, a 4.26% yield at its $40.44 share price. It pays twice a year, usually in April and August. It has raised its dividend 7 years in a row and has a dividend safety grade of B.

Forward Yield

4.26%

Annual Dividend

$1.80

Payout Ratio

45%

5-Yr Growth

20.9%

Ex-Date

Aug 17, 2026

Frequency

Semiannual

Key facts about NVO's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Novo Nordisk A/S (NVO) has a forward dividend yield of 4.26%, based on an annual dividend of $1.80 per share and a share price of $40.44.
  • As of Nov 5, 2026, NVO's dividend safety grade from SmarterDividends is B (71 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Novo Nordisk A/S (NVO) has raised its dividend for 7 consecutive years as of Nov 5, 2026.
  • NVO last cut its regular dividend in 2017.
  • NVO's most recent ex-dividend date was Aug 17, 2026, for a dividend of $0.58 per share.
  • As of Nov 5, 2026, NVO pays out 45% of its trailing 12-month earnings as dividends (its payout ratio).
  • NVO's dividend has grown at an average rate of 20.9% a year over the past five years.
  • As of Nov 5, 2026, NVO's 4.26% yield is 160% above its five-year average yield of 1.64%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for NVO is $67.11 per share, 66% above the $40.44 share price, so NVO screens as undervalued.
  • Novo Nordisk A/S (NVO) pays its dividend semiannual, 2 times a year.
Cite this page

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

Is NVO a good dividend stock?

Yes, with caveats

Novo Nordisk A/S (NVO) pays a semiannual dividend yielding 4.26% ($1.80/yr), with 7 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 (45%)
  • Strong 20.9% 5-yr dividend growth

Risks

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

Key Data

Dividend Yield
4.26%
Payout Ratio
45%
Annual Dividend
$1.80
5-Yr Avg Growth
20.9%
Ex-Dividend Date
Aug 17, 2026
Years of Growth
7
Frequency
semiannual
Beta
—
Market Cap
$178.3B
P/E Ratio
10.2
5-Yr Total Return
-25%
52-Week Range
$35.12 – $64.16
Dividend Safety
B · 71/100
Ever Cut?
Yes (2017)

NVO dividend changes

Novo Nordisk A/S (NVO) pays a variable dividend: across the 59 payments on record since 1982, 44 were higher than the one before and 9 lower. The latest change was down 47.3% to $0.579 per share, going ex-dividend on Aug 17, 2026.

Ex-dateChangeOld → newMove
Aug 17, 2026Lower$1.10 → $0.579−47.3%
Aug 18, 2025Higher$0.513 → $0.584+13.8%
Mar 31, 2025Higher$0.930 → $1.10+18.2%
Aug 16, 2024Higher$0.442 → $0.513+16.1%
Mar 22, 2024Higher$0.595 → $0.930+56.4%
Aug 18, 2023Higher$0.292 → $0.442+51.4%
Mar 24, 2023Higher$0.279 → $0.595+113.5%
Aug 12, 2022Lower$0.475 → $0.292−38.5%
Aug 16, 2021Higher$0.259 → $0.279+7.5%
Mar 26, 2021Higher$0.394 → $0.475+20.6%
Aug 14, 2020Higher$0.225 → $0.259+15.4%
Aug 16, 2019Lower$0.234 → $0.225−3.9%
Every NVO payment →Download every raise and cut (CSV)
NVO ex-dividend date & scheduleNext ex-date Aug 17, 2026 · full ex-dividend historyView →NVO dividend historyEvery payment, totals by year, raises and cutsView →NVO dividend calculator100 shares pay $180.00 a year, $90.00 every six monthsCalculate →NVO total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is NVO a good dividend stock?

Yes, with caveats. Novo Nordisk A/S (NVO) pays a semiannual dividend yielding 4.26% ($1.80/yr), with 7 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is NVO undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NVO's fair value is about $67.11 versus a $40.44 share price — so it looks undervalued (+66% vs. fair value).

Is NVO's dividend safe?

NVO has a dividend-safety grade of B (71/100), based on its payout coverage, free-cash-flow, 7-year growth streak, a dividend cut in 2017, debt and yield-versus-history.

What is NVO's fair value?

Our blended fair-value estimate for NVO is about $67.11 per share, roughly 66% above the current $40.44 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NVO a buy, hold, or sell?

We don't issue formal ratings, but on the data NVO screens as "yes, with caveats" and undervalued. Novo Nordisk A/S (NVO) pays a semiannual dividend yielding 4.26% ($1.80/yr), with 7 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 NVO cut its dividend?

NVO earns a dividend-safety grade of B (71/100), 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 NVO pay a dividend?

Yes. Novo Nordisk A/S pays a semiannual dividend of about $1.80 per share annually, a forward yield of roughly 4.26%.

How much dividend does 100 shares of NVO pay?

At $1.80 per share a year, 100 shares of NVO pay $180.00 a year in dividends before tax, about $90.00 every six months. Buying them costs about $4,044 at the Nov 5, 2026 price.

What is NVO's dividend yield?

As of Nov 5, 2026, NVO's forward dividend yield is 4.26%, based on a $1.80 annual dividend and a $40.44 share price.

What is NVO's dividend per share?

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

What is NVO's dividend payout ratio?

As of Nov 5, 2026, NVO's payout ratio is 45% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has NVO grown its dividend?

As of Nov 5, 2026, NVO has increased its dividend for 7 consecutive years.

When is the next NVO ex-dividend date?

As of Nov 5, 2026, NVO's next ex-dividend date hasn't been announced. The most recent was Aug 17, 2026, for $0.58 per share.

Income Calculator

At $1.80 / yr per share

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

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