SmarterDividends
NVO

Novo Nordisk A/S

NVO

Healthcare · Stock · semiannual payer

Forward Yield

4.12%

Annual Dividend

$1.80

Payout Ratio

43%

5-Yr Growth

20.9%

Ex-Date

Mar 30, 2026

Frequency

Semiannual

NVO Dividend Safety Score

67/ 100
Grade B

Safe

Dividend-growth streak9 consecutive years of growth
Cut historyCut its dividend in 2017
Earnings payout coverage43% of earnings paid out
Balance-sheet strengthDebt/equity of 0.72
Yield vs its historyYield is 2.5× its 5-yr average — elevated

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

Is NVO a good dividend stock?

Yes, with caveats

Novo Nordisk A/S (NVO) pays a semiannual dividend yielding 4.12% ($1.80/yr), with 8 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 (43%)
  • Strong 20.9% 5-yr dividend growth

Risks

  • Cut its dividend in 2017

Key Data

Dividend Yield
4.12%
Payout Ratio
43%
Annual Dividend
$1.80
5-Yr Avg Growth
20.9%
Ex-Dividend Date
Mar 30, 2026
Years of Growth
8
Frequency
semiannual
Beta
0.35
Market Cap
$193.8B
P/E Ratio
10.3
5-Yr Total Return
4%
52-Week Range
$35.12 – $81.44
Dividend Safety
B · 67/100
Ever Cut?
Yes (2017)
NVO ex-dividend date & scheduleNext ex-date Mar 30, 2026 · full ex-dividend historyView →

Frequently Asked Questions

Income Calculator

At $1.80 / yr per share

Per payment (semiannual)$90.00
Annual$180.00
Monthly avg$15.00