NWE Dividend History & Analysis | 4.6% Yield

NWE has a dividend yield of 4.6% and paid 2.64 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 4.62%
Payout Ratio 109.5%
Growth Rate CAGR 5y 1.58%
Consistency Lifetime 100.0%
Yield on Cost 5y 5.90%
Payout FCF -
Streak Years 21
Dividend Rating 65.93%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 33.3%
Total Return 5y: 52.5%

Top Dividend Payers in Multi-Utilities

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
VIE 25,560 M 4.61% 7.84%
AVA 3,360 M 5.04% 6.46%
BIP 16,895 M 5.22% 6.03%
NGG 84,736 M 4.30% 7.35%
BKH 5,618 M 4.39% 6.75%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
VIE 25,560 M 18.9% 94.9%
CNP 25,710 M 7.87% 94.9%
WEC 35,730 M 7.13% 98.3%
AEE 27,937 M 6.59% 96.5%
NI 20,836 M 6.21% 93.0%

NWE Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-12-15 2025-12-15 2025-12-31 Quarterly 0.66 0% 0.98%
2025-09-15 2025-09-15 2025-09-30 Quarterly 0.66 0% 1.17%
2025-06-13 2025-06-13 2025-06-30 Quarterly 0.66 0% 1.27%
2025-03-14 2025-03-14 2025-03-31 Quarterly 0.66 1.5% 1.2%
2024-12-13 2024-12-13 2024-12-31 Quarterly 0.65 0% 1.28%
2024-09-13 2024-09-13 2024-09-30 Quarterly 0.65 0% 1.17%
2024-06-14 2024-06-14 2024-06-28 Quarterly 0.65 0% 1.32%
2024-03-14 2024-03-15 2024-03-29 Quarterly 0.65 1.6% 1.33%
2023-12-14 2023-12-15 2023-12-29 Quarterly 0.64 0% 1.2%
2023-09-14 2023-09-15 2023-09-29 Quarterly 0.64 0% 1.26%
2023-06-14 2023-06-15 2023-06-30 Quarterly 0.64 0% 1.1%
2023-03-14 2023-03-15 2023-03-31 Quarterly 0.64 1.6% 1.14%
2022-12-14 2022-12-15 2022-12-30 Quarterly 0.63 0% 1.08%
2022-09-14 2022-09-15 2022-09-30 Quarterly 0.63 0% 1.18%
2022-06-14 2022-06-15 2022-06-30 Quarterly 0.63 0% 1.11%
2022-03-14 2022-03-15 2022-03-31 Quarterly 0.63 1.6% 1.05%
2021-12-14 2021-12-15 2021-12-31 Quarterly 0.62 0% 1.12%
2021-09-14 2021-09-15 2021-09-30 Quarterly 0.62 0% 0.99%
2021-06-14 2021-06-15 2021-06-30 Quarterly 0.62 0% 0.96%
2021-03-12 2021-03-15 2021-03-31 Quarterly 0.62 3.3% 1.01%
2020-12-14 2020-12-15 2020-12-31 Quarterly 0.6 0% N/A
2020-09-14 2020-09-15 2020-09-30 Quarterly 0.6 0% N/A
2020-06-12 2020-06-15 2020-06-30 Quarterly 0.6 0% N/A
2020-03-12 2020-03-13 2020-03-31 Quarterly 0.6 4.3% N/A
2019-12-12 2019-12-13 2019-12-31 Quarterly 0.575 0% N/A
2019-09-12 2019-09-13 2019-09-30 Quarterly 0.575 0% N/A
2019-06-13 2019-06-14 2019-06-28 Quarterly 0.575 0% N/A
2019-03-14 2019-03-15 2019-03-29 Quarterly 0.575 4.5% N/A
2018-12-13 2018-12-14 2018-12-31 Quarterly 0.55 0% N/A
2018-09-13 2018-09-14 2018-09-28 Quarterly 0.55 0% N/A
2018-06-14 2018-06-15 2018-06-29 Quarterly 0.55 0% N/A
2018-03-14 2018-03-15 2018-03-30 Quarterly 0.55 4.8% N/A
2017-12-14 2017-12-15 2017-12-29 Quarterly 0.525 0% N/A
2017-09-14 2017-09-15 2017-09-29 Quarterly 0.525 0% N/A
2017-06-13 2017-06-15 2017-06-30 Quarterly 0.525 0% N/A
2017-03-13 2017-03-15 2017-03-31 Quarterly 0.525 5% N/A
2016-12-13 2016-12-15 2016-12-30 Quarterly 0.5 0% N/A
2016-09-13 2016-09-15 2016-09-30 Quarterly 0.5 0% N/A
2016-06-13 2016-06-15 2016-06-30 Quarterly 0.5 0% N/A
2016-03-11 2016-03-15 2016-03-31 Quarterly 0.5 4.2% N/A
2015-12-11 2015-12-15 2015-12-31 Quarterly 0.48 0% N/A
2015-09-11 2015-09-15 2015-09-30 Quarterly 0.48 0% N/A
2015-06-11 2015-06-15 2015-06-30 Quarterly 0.48 0% N/A
2015-03-11 2015-03-13 2015-03-31 Quarterly 0.48 20% N/A
2014-12-11 2014-12-15 2014-12-31 Quarterly 0.4 0% N/A
2014-09-11 2014-09-15 2014-09-30 Quarterly 0.4 0% N/A
2014-06-11 2014-06-13 2014-06-30 Quarterly 0.4 0% N/A
2014-03-12 2014-03-14 2014-03-31 Quarterly 0.4 5.3% N/A
2013-12-11 2013-12-13 2013-12-31 Quarterly 0.38 0% N/A
2013-09-11 2013-09-13 2013-09-30 Quarterly 0.38 0% N/A

NWE Dividend FAQ

NorthWestern Energy (NASDAQ: NWE) is a regulated utility that supplies electricity and natural gas to roughly 787,000 residential, commercial, and industrial customers across Montana, South Dakota, Nebraska, and Yellowstone National Park. The company owns and operates an extensive network of 6,596 mi of electric transmission, 18,794 mi of electric distribution, 2,133 mi of natural-gas transmission, and 5,221 mi of natural-gas distribution infrastructure, supported by nearly 540 substations and city-gate stations.

What is the Dividend Yield of NWE?

As of February 2026, NWE`s dividend yield is 4.62%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 2.64 USD by the current share price of 68.18.

Does NWE pay a dividend?

As of February 2026, NWE paid a dividend of 2.64 USD in the last 12 months. The last dividend was paid on 2025-12-15 and the payout was 0.66 USD.

How often does NWE pay dividends?

NWE pays dividends quarterly. Over the last 12 months, NWE has issued 4 dividend payments. The last dividend payment was made on 2025-12-15.

NWE dividend forecast

Based on historical data, the forecasted dividends per share for NWE for the next 4 payments are between 0.665 (+0.8%) and 0.674 (+2.1%).
This suggests the dividend will remain relatively stable.

Will NWE pay dividends in 2026?

The latest dividend paid per share was 0.66 USD with an Ex-Dividend Date of 2025-12-15. The next Ex-Dividend date for NorthWestern (NWE) is currently unknown.

What is the next Ex-Dividend Date for NWE?

The next Ex-Dividend date for NorthWestern (NWE) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of NWE?

NWE's average dividend growth rate over the past 5 years is 1.58% per year.
Weak growth: NWE's Dividend growth is lower than inflation.

What is the Yield on Cost of NWE?

NWE's 5-Year Yield on Cost is 5.90%. If you bought NWE's shares at 44.72 USD five years ago, your current annual dividend income (2.64 USD per share, trailing 12 months) equals 5.90% of your original purchase price.

What is the Payout Consistency of NWE?

NWE Payout Consistency is 100.0%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Very consistent: NorthWestern has a strong track record of consistent dividend payments over its lifetime.

Does NWE have a good Dividend Yield?

NWE`s 4.62% Dividend Yield is considered as good. Make sure the dividend is sustainable: Check the Payouts-Ratio over time.

What is the Dividend Payout Ratio of NWE?

The Dividend Payout Ratio of NWE is 109.5%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of NWE?

NWE`s Overall Dividend Rating is 65.93%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

NWE Outstanding Shares Analysis

What is the Trend in NWE's Outstanding Shares?

NorthWestern's outstanding shares have increased by approximately 0.12% annually over the past 3 years (Trend Reliability: 100.0%).

Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

Has NWE ever had a Stock Split?

Yes, the last stock split was on Oct 2, 2023 with a ratio of 1:1.

This was a reverse split: Multiple shares were consolidated into fewer shares, increasing the price per share. This is sometimes used to meet exchange listing requirements and can be a warning sign if the company is struggling.

Year Number of Shares Annual Growth Rate
1985 15,352,000
1986 15,356,000 +0.03%
1987 15,356,000
1988 15,354,000 -0.01%
1989 15,161,300 -1.26%
1990 15,000,000 -1.06%
1991 15,161,300 +1.08%
1992 15,348,800 +1.24%
1993 15,384,600 +0.23%
1994 15,434,800 +0.33%
1995 17,857,100 +15.69%
1996 17,636,400 -1.24%
1997 17,758,600 +0.69%
1998 23,571,400 +32.73%
1999 26,114,500 +10.79%
2000 23,433,000 -10.27%
2001 27,397,000 +16.92%
2002 37,397,000 +36.5%
2003 37,397,000
2004 35,611,000 -4.78%
2005 36,250,000 +1.79%
2006 37,533,300 +3.54%
2007 39,747,500 +5.9%
2008 35,934,000 -9.59%
2009 36,169,000 +0.65%
2010 36,601,100 +1.19%
2011 36,500,300 -0.28%
2012 37,485,700 +2.7%
2013 38,954,100 +3.92%
2014 43,451,000 +11.54%
2015 48,370,000 +11.32%
2016 48,503,400 +0.28%
2017 49,484,000 +2.02%
2018 50,729,000 +2.52%
2019 50,800,000 +0.14%
2020 50,577,000 -0.44%
2021 51,892,000 +2.6%
2022 59,744,100 +15.13%
2023 61,248,800 +2.52%
2024 61,293,000 +0.07%
2025 61,395,000 +0.17%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-02-03 04:21