NatWest Group plc
NWGFinancial Services · Stock · semiannual payer
Forward Yield
5.27%
Annual Dividend
$0.94
Payout Ratio
44%
5-Yr Growth
7.7%
Ex-Date
Aug 14, 2026
Frequency
Semiannual
Summary
As of September 2026, NatWest Group plc (NWG) yields 5.27% ($0.94 per share annually), with a blended fair-value estimate of $37.27 — +100% upside, so it screens as undervalued. Dividend safety grade: C (51/100). 2 years of dividend growth.
Is NWG a good dividend stock?
MixedNatWest Group plc (NWG) pays a semiannual dividend yielding 5.27% ($0.94/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (44%)
- Strong 7.7% 5-yr dividend growth
- 186% total price return over 5 years
Risks
- Cut its dividend in 2023
Key Data
- Dividend Yield
- 5.27%
- Payout Ratio
- 44%
- Annual Dividend
- $0.94
- 5-Yr Avg Growth
- 7.7%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 2
- Frequency
- semiannual
- Beta
- 0.81
- Market Cap
- $72.1B
- P/E Ratio
- 9.1
- 5-Yr Total Return
- 186%
- 52-Week Range
- $13.56 – $19.42
- Dividend Safety
- C · 51/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
NWG Price — Last 12 Months
Daily close
Price Return
1 Year
+21%
3 Years
+325%
5 Years
+186%
52-Week Range
$13.56 – $19.42
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NWG worth?
Undervaluedlow confidenceOur blended fair-value estimate for NatWest Group plc is $37.27 per share, versus a market price of $18.67. That implies 100% of upside — a margin of safety of about 50%.
Fair Value
$37.27
Current Price
$18.67
Upside
+100%
Margin of Safety
50%
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 10.5% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.3% discount rate (CAPM), 10.5% stage-1 growth, 2.5% terminal growth, $2.00 EPS, $0.94 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NWG Dividend Safety Score
Borderline
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
Full NWG dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | — | $0.3220 | regular |
| Mar 20, 2026 | — | $0.6210 | regular |
| Aug 8, 2025 | — | $0.2550 | regular |
| Mar 14, 2025 | — | $0.3900 | regular |
| Aug 9, 2024 | — | $0.1540 | regular |
| Mar 14, 2024 | — | $0.2900 | regular |
| Dec 1, 2023 | — | $0.1390 | regular |
| Aug 10, 2023 | — | $0.1410 | regular |
| Mar 16, 2023 | — | $0.2400 | regular |
| Aug 30, 2022 | — | $0.4210 | regular |
| Aug 25, 2022 | — | $0.0905 | regular |
| Mar 17, 2022 | — | $0.2198 | regular |
| Aug 12, 2021 | — | $0.0894 | regular |
| Mar 25, 2021 | — | $0.0905 | regular |
Income Calculator
At $0.94 / yr per share
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