Novo Nordisk A/S
NVOHealthcare · Stock · semiannual payer
Forward Yield
4.15%
Annual Dividend
$1.80
Payout Ratio
44%
5-Yr Growth
20.9%
Ex-Date
Aug 17, 2026
Frequency
Semiannual
Summary
As of September 2026, Novo Nordisk A/S (NVO) yields 4.15% ($1.80 per share annually), with a blended fair-value estimate of $74.35 — +72% upside, so it screens as undervalued. Dividend safety grade: B (71/100). 7 years of dividend growth.
Is NVO a good dividend stock?
Yes, with caveatsNovo Nordisk A/S (NVO) pays a semiannual dividend yielding 4.15% ($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 (44%)
- 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
- 4.15%
- Payout Ratio
- 44%
- Annual Dividend
- $1.80
- 5-Yr Avg Growth
- 20.9%
- Ex-Dividend Date
- Aug 17, 2026
- Years of Growth
- 7
- Frequency
- semiannual
- Beta
- 0.34
- Market Cap
- $191.0B
- P/E Ratio
- 10.7
- 5-Yr Total Return
- -21%
- 52-Week Range
- $35.12 – $64.16
- Dividend Safety
- B · 71/100
- Ever Cut?
- Yes (2017)
Frequently Asked Questions
NVO Price — Last 12 Months
Daily close
Price Return
1 Year
-13%
3 Years
-55%
5 Years
-21%
52-Week Range
$35.12 – $64.16
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NVO worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Novo Nordisk A/S is $74.35 per share, versus a market price of $43.24. That implies 72% of upside — a margin of safety of about 42%.
Fair Value
$74.35
Current Price
$43.24
Upside
+72%
Margin of Safety
42%
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 9.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 9.0% 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.
NVO Dividend Safety Score
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 |
|---|---|---|---|
| Aug 17, 2026 | — | $0.5790 | regular |
| Mar 30, 2026 | — | $1.2750 | regular |
| Aug 18, 2025 | — | $0.5840 | regular |
| Mar 31, 2025 | — | $1.0990 | regular |
| Aug 16, 2024 | — | $0.5130 | regular |
| Mar 22, 2024 | — | $0.9300 | regular |
| Aug 18, 2023 | — | $0.4420 | regular |
| Mar 24, 2023 | — | $0.5945 | regular |
| Aug 12, 2022 | — | $0.2920 | regular |
| Mar 25, 2022 | — | $0.5180 | regular |
| Aug 16, 2021 | — | $0.2785 | regular |
| Mar 26, 2021 | — | $0.4745 | regular |
| Aug 14, 2020 | — | $0.2590 | regular |
| Mar 27, 2020 | — | $0.3935 | regular |
Income Calculator
At $1.80 / yr per share
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