Telenor ASA
TELNYCommunication Services · Stock · semiannual payer
Forward Yield
7.54%
Annual Dividend
$1.04
Payout Ratio
82%
5-Yr Growth
-0.9%
Ex-Date
Oct 16, 2026
Frequency
Semiannual
Summary
As of July 2026, Telenor ASA (TELNY) yields 7.54% ($1.04 per share annually), with a blended fair-value estimate of $28.67 — +108% upside, so it screens as undervalued. Dividend safety grade: C (60/100). 2 years of dividend growth.
Is TELNY a good dividend stock?
Yes, with caveatsTelenor ASA (TELNY) pays a semiannual dividend yielding 7.54% ($1.04/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2023
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.54%
- Payout Ratio
- 82%
- Annual Dividend
- $1.04
- 5-Yr Avg Growth
- -0.9%
- Ex-Dividend Date
- Oct 16, 2026
- Years of Growth
- 2
- Frequency
- semiannual
- Beta
- 0.26
- Market Cap
- $18.6B
- P/E Ratio
- 11.8
- 5-Yr Total Return
- -22%
- 52-Week Range
- $12.97 – $18.92
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
TELNY Price — Last 12 Months
Daily close
Price Return
1 Year
-17%
3 Years
+29%
5 Years
-22%
52-Week Range
$12.97 – $18.92
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TELNY worth?
Undervaluedlow confidenceOur blended fair-value estimate for Telenor ASA is $28.67 per share, versus a market price of $13.78. That implies 108% of upside — a margin of safety of about 52%.
Fair Value
$28.67
Current Price
$13.78
Upside
+108%
Margin of Safety
52%
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 8.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 8.2% stage-1 growth, 2.5% terminal growth, $1.17 EPS, $1.04 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TELNY 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 21, 2026 | — | $0.5330 | regular |
| Oct 17, 2025 | — | $0.4100 | regular |
| May 23, 2025 | — | $0.4920 | regular |
| Oct 18, 2024 | — | $0.4250 | regular |
| May 9, 2024 | — | $0.4720 | regular |
| Oct 19, 2023 | — | $0.4080 | regular |
| May 11, 2023 | — | $0.4790 | regular |
| Oct 6, 2022 | — | $0.4410 | regular |
| May 12, 2022 | — | $0.5770 | regular |
| Oct 7, 2021 | — | $0.4640 | regular |
| May 27, 2021 | — | $0.6000 | regular |
| Oct 16, 2020 | — | $0.4650 | regular |
| May 12, 2020 | — | $0.4780 | regular |
| Oct 10, 2019 | — | $0.4470 | regular |
Income Calculator
At $1.04 / yr per share
