Vår Energi ASA
VARRYEnergy · Oil & Gas E&P · Stock · quarterly payer
Forward Yield
8.21%
Annual Dividend
$1.01
Payout Ratio
87%
5-Yr Growth
—
Ex-Date
Aug 24, 2026
Frequency
Quarterly
Key facts about VARRY's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Vår Energi ASA (VARRY) has a forward dividend yield of 8.21%, based on an annual dividend of $1.01 per share and a share price of $12.30.
- As of Oct 27, 2026, VARRY's dividend safety grade from SmarterDividends is C (65 out of 100), which rates the dividend as borderline.
- By SmarterDividends' count, Vår Energi ASA (VARRY) has raised its dividend for 2 consecutive years as of Oct 27, 2026.
- VARRY has never cut its regular dividend in the payment history SmarterDividends has on record.
- VARRY's most recent ex-dividend date was Aug 24, 2026, for a dividend of $0.29 per share.
- As of Oct 27, 2026, VARRY pays out 87% of its trailing 12-month earnings as dividends (its payout ratio).
- As of Oct 27, 2026, VARRY's 8.21% yield is 30% below its five-year average yield of 11.81%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for VARRY is $17.01 per share, 38% above the $12.30 share price, so VARRY screens as undervalued.
- Vår Energi ASA (VARRY) pays its dividend quarterly, 4 times a year.
Cite this page
SmarterDividends, "VARRY Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/VARRY
Summary
As of Oct 27, 2026, Vår Energi ASA (VARRY) yields 8.21% ($1.01 a year per share), has a dividend safety grade of C (65/100) and has 2 consecutive years of dividend increases on record.
Is VARRY a good dividend stock?
Yes, with caveatsVår Energi ASA (VARRY) pays a quarterly dividend yielding 8.21% ($1.01/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
- Never cut its dividend on record
Risks
- Elevated payout ratio (87%)
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 8.21%
- Payout Ratio
- 87%
- Annual Dividend
- $1.01
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 24, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- -0.48
- Market Cap
- $15.4B
- P/E Ratio
- 10.6
- 5-Yr Total Return
- —
- 52-Week Range
- $6.03 – $12.50
- Dividend Safety
- C · 65/100
- Ever Cut?
- No
VARRY dividend changes
Vår Energi ASA (VARRY) pays a variable dividend: across the 13 payments on record since 2023, 7 were higher than the one before and 4 lower. The latest change was up 24.6% to $0.290 per share, going ex-dividend on Aug 24, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 24, 2026 | Higher | $0.233 → $0.290 | +24.6% |
| Jun 4, 2026 | Lower | $0.254 → $0.233 | −8.2% |
| Feb 4, 2026 | Higher | $0.236 → $0.254 | +7.4% |
| Nov 18, 2025 | Lower | $0.241 → $0.236 | −2.0% |
| Aug 19, 2025 | Higher | $0.238 → $0.241 | +1.2% |
| May 5, 2025 | Higher | $0.218 → $0.238 | +9.3% |
| Feb 24, 2025 | Higher | $0.215 → $0.218 | +1.4% |
| Aug 2, 2024 | Lower | $0.218 → $0.216 | −1.1% |
| May 3, 2024 | Higher | $0.214 → $0.218 | +2.0% |
| Feb 23, 2024 | Lower | $0.220 → $0.214 | −2.8% |
| Nov 3, 2023 | Higher | $0.208 → $0.220 | +5.9% |
Frequently Asked Questions
Is VARRY a good dividend stock?
Yes, with caveats. Vår Energi ASA (VARRY) pays a quarterly dividend yielding 8.21% ($1.01/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.
Is VARRY undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, VARRY's fair value is about $17.01 versus a $12.30 share price — so it looks undervalued (+38% vs. fair value).
Is VARRY's dividend safe?
VARRY has a dividend-safety grade of C (65/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is VARRY's fair value?
Our blended fair-value estimate for VARRY is about $17.01 per share, roughly 38% above the current $12.30 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is VARRY a buy, hold, or sell?
We don't issue formal ratings, but on the data VARRY screens as "yes, with caveats" and undervalued. Vår Energi ASA (VARRY) pays a quarterly dividend yielding 8.21% ($1.01/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. This is research for your own analysis, not investment advice.
Will VARRY cut its dividend?
VARRY earns a dividend-safety grade of C (65/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does VARRY pay a dividend?
Yes. Vår Energi ASA pays a quarterly dividend of about $1.01 per share annually, a forward yield of roughly 8.21%.
What is VARRY's dividend yield?
As of Oct 27, 2026, VARRY's forward dividend yield is 8.21%, based on a $1.01 annual dividend and a $12.30 share price.
What is VARRY's dividend per share?
As of Oct 27, 2026, VARRY pays $1.01 per share per year, distributed on a quarterly basis.
What is VARRY's dividend payout ratio?
As of Oct 27, 2026, VARRY's payout ratio is 87% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has VARRY grown its dividend?
As of Oct 27, 2026, VARRY has increased its dividend for 2 consecutive years.
When is the next VARRY ex-dividend date?
As of Oct 27, 2026, VARRY's next ex-dividend date hasn't been announced. The most recent was Aug 24, 2026, for $0.29 per share.
VARRY Price — Last 12 Months
Daily close
Price Return
1 Year
+94%
3 Years
+94%
5 Years
—
52-Week Range
$6.03 – $12.50
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is VARRY worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Vår Energi ASA is $17.01 per share, versus a market price of $12.30. That implies 38% of upside — a margin of safety of about 28%.
Fair Value
$17.01
Current Price
$12.30
Upside
+38%
Margin of Safety
28%
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 4.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 4.0% growth for five years fading to 2.5% over the next five, $1.16 EPS, $1.01 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
VARRY 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 VARRY dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 24, 2026 | — | $0.2904 | regular |
| Jun 4, 2026 | — | $0.2330 | regular |
| Feb 4, 2026 | — | $0.2536 | regular |
| Nov 18, 2025 | — | $0.2361 | regular |
| Aug 19, 2025 | — | $0.2408 | regular |
| May 5, 2025 | — | $0.2380 | regular |
| Feb 24, 2025 | — | $0.2178 | regular |
| Nov 1, 2024 | — | $0.2147 | regular |
| Aug 2, 2024 | — | $0.2159 | regular |
| May 3, 2024 | — | $0.2183 | regular |
| Feb 23, 2024 | — | $0.2141 | regular |
| Nov 3, 2023 | — | $0.2203 | regular |
| Aug 4, 2023 | — | $0.2080 | regular |
Income Calculator
At $1.01 / yr per share
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