NVO Dividend History & Analysis | 2.7% Yield

NVO has a dividend yield of 2.7% and paid 1.68 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 2.67%
Payout Ratio 7.2%
Growth Rate CAGR 5y 2.82%
Consistency Lifetime 96.2%
Yield on Cost 5y 5.09%
Payout FCF 12.2%
Streak Years 44
Dividend Rating 44.93%

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: -27.6%
Total Return 5y: 80.4%

Top Dividend Payers in Pharmaceuticals

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
SIGA 473 M 10.4% 11.3%
PFE 143,792 M 7.07% 7.48%
GS71 102,088 M 4.19% 6.65%
SAN 116,153 M 4.30% 5.86%
SNY 117,190 M 4.43% 5.46%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
ZTS 55,695 M 18.9% 100%
VIRP 3,524 M 17.9% 82.1%
LLY 972,826 M 15.3% 99.5%
BMY 113,717 M 14.0% 92.6%
MRK 64,599 M 12.0% 91.8%

Quality Dividend Peers in Pharmaceuticals

BMY
Bristol-Myers Squibb
 6.08% Yield
MRK
Merck
 3.70% Yield
JNJ
Johnson & Johnson
 3.02% Yield
NVS
Novartis
 3.68% Yield
ZEG
AstraZeneca
 2.08% Yield

NVO Dividend History: Last 50 Payments (USD) as of January 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-08-18 2025-08-18 2025-08-26 Semiannual 0.584 -46.9% 1.07%
2025-03-31 2025-03-31 2025-04-08 Semiannual 1.099 114.2% 1.62%
2024-08-16 2024-08-16 2024-08-26 Semiannual 0.513 -44.8% 0.38%
2024-03-22 2024-03-25 2024-04-02 Semiannual 0.93 5.2% 0.72%
2023-08-18 2023-08-21 2023-08-29 Semiannual 0.884 -25.7% 0.48%
2023-03-24 2023-03-27 2023-04-04 Semiannual 1.189 103.6% 0.79%
2022-08-12 2022-08-15 2022-08-23 Semiannual 0.584 -43.6% 0.54%
2022-03-25 2022-03-28 2022-04-05 Semiannual 1.036 86% 0.96%
2021-08-16 2021-08-17 2021-08-25 Semiannual 0.557 -41.3% 0.54%
2021-03-26 2021-03-29 2021-04-07 Semiannual 0.949 83.2% 1.42%
2020-08-14 2020-08-17 2020-08-25 Semiannual 0.518 -34.2% N/A
2020-03-27 2020-03-30 2020-04-07 Semiannual 0.787 75.3% N/A
2019-08-16 2019-08-19 2019-08-27 Semiannual 0.449 -43.1% N/A
2019-03-22 2019-03-25 2019-04-02 Semiannual 0.789 69% N/A
2018-08-17 2018-08-20 2018-08-28 Semiannual 0.467 -30.3% N/A
2018-03-23 2018-03-26 2018-04-03 Semiannual 0.67 41.4% N/A
2017-08-17 2017-08-21 2017-08-29 Annual 0.474 -28.5% N/A
2017-03-23 2017-03-27 2017-04-04 Annual 0.663 48.3% N/A
2016-08-11 2016-08-15 2016-08-23 Annual 0.447 -53.6% N/A
2016-03-18 2016-03-22 2016-03-30 Annual 0.964 26.8% N/A
2015-03-19 2015-03-23 2015-03-31 Annual 0.76 -8.4% N/A
2014-03-21 2014-03-25 2014-04-02 Annual 0.83 -73.9% N/A
2013-03-21 2013-03-25 2013-04-02 Annual 3.184 27.5% N/A
2012-03-22 2012-03-26 2012-04-03 Annual 2.497 37.3% N/A
2011-03-24 2011-03-28 2011-04-05 Annual 1.818 29.2% N/A
2010-03-25 2010-03-29 2010-04-07 Annual 1.407 36.1% N/A
2009-03-19 2009-03-23 2009-03-31 Annual 1.034 17% N/A
2008-03-13 2008-03-17 2008-03-25 Annual 0.884 -27.4% N/A
2007-03-08 2007-03-12 2007-03-20 Annual 1.218 26.1% N/A
2006-03-09 2006-03-13 2006-03-21 Annual 0.966 15% N/A
2005-03-10 2005-03-14 2005-03-22 Annual 0.84 12.8% N/A
2004-03-17 2004-03-19 2004-03-29 Annual 0.745 42.4% N/A
2003-03-26 2003-03-28 2003-04-07 Annual 0.523 41.7% N/A
2002-03-13 2002-03-15 2002-03-25 Annual 0.369 -53.6% N/A
2001-03-21 2001-03-23 2001-04-02 Annual 0.795 69.1% N/A
2000-11-17 0.47 -19.7% N/A
2000-03-24 2000-03-28 2000-04-06 Annual 0.585 42.7% N/A
1999-03-25 1999-03-29 1999-04-06 Annual 0.41 2% N/A
1998-03-27 1998-03-31 1998-04-08 Annual 0.402 43.1% N/A
1997-04-25 1997-04-29 1997-05-07 Annual 0.281 30.7% N/A
1996-05-01 1996-05-03 1996-05-14 Annual 0.215 19.4% N/A
1996-04-24 0.18 -14.3% N/A
1995-04-24 1995-04-28 1995-05-16 Annual 0.21 50% N/A
1994-04-26 1994-05-02 1994-05-18 Annual 0.14 -74.1% N/A
1993-04-22 1993-04-28 1993-05-13 Annual 0.54 -10% N/A
1992-04-28 1992-05-04 1992-05-20 Annual 0.6 17.6% N/A
1991-04-19 1991-04-25 1991-05-10 Annual 0.51 -18.3% N/A
1990-04-23 1990-04-27 1990-05-15 Annual 0.624 34.5% N/A
1989-04-21 1989-04-27 1989-05-12 Annual 0.464 -11.1% N/A
1988-04-21 1988-04-27 1988-05-12 Annual 0.522 0% N/A

NVO Dividend FAQ

Novo Nordisk A/S (NYSE:NVO) is a Danish-based, globally active pharmaceutical group that develops, manufactures, and markets drugs across two main segments: Diabetes & Obesity Care and Rare Disease. The Diabetes & Obesity segment covers insulin, GLP-1 agonists, and emerging cardiovascular therapies, while the Rare Disease segment focuses on treatments for rare blood and endocrine disorders, plus hormone replacement products. The company also supplies delivery devices such as insulin and growth-hormone pens, and offers digital tools like smart insulin pens and the Dose Check app to improve adherence.

What is the Dividend Yield of NVO?

As of January 2026, NVO`s dividend yield is 2.67%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.68 USD by the current share price of 59.64.

Does NVO pay a dividend?

As of January 2026, NVO paid a dividend of 1.68 USD in the last 12 months. The last dividend was paid on 2025-08-18 and the payout was 0.584 USD.

How often does NVO pay dividends?

NVO pays dividends semi-annually. Over the last 12 months, NVO has issued 2 dividend payments. The last dividend payment was made on 2025-08-18.

NVO dividend forecast

Based on historical data, the forecasted dividends per share for NVO for the next 4 payments are between 0.816 (+39.7%) and 1.261 (+115.9%).
This represents a strong dividend growth compared to the last payment.

Will NVO pay dividends in 2026?

The latest dividend paid per share was 0.584 USD with an Ex-Dividend Date of 2025-08-18. The next Ex-Dividend date for Novo Nordisk (NVO) is currently unknown.

What is the next Ex-Dividend Date for NVO?

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

What is the Dividend Growth of NVO?

NVO's average dividend growth rate over the past 5 years is 2.82% per year.
Strong growth: NVO's Dividend growth is outpacing inflation.

What is the Yield on Cost of NVO?

NVO's 5-Year Yield on Cost is 5.09%. If you bought NVO's shares at 33.07 USD five years ago, your current annual dividend income (1.68 USD per share, trailing 12 months) equals 5.09% of your original purchase price.

What is the Payout Consistency of NVO?

NVO Payout Consistency is 96.2%. 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: Novo Nordisk has a strong track record of consistent dividend payments over its lifetime.

Does NVO have a good Dividend Yield?

NVO`s 2.67% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of NVO?

The Dividend Payout Ratio of NVO is 7.2%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of NVO?

NVO`s Overall Dividend Rating is 44.93%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

NVO Outstanding Shares Analysis

What is the Trend in NVO's Outstanding Shares?

Novo Nordisk's outstanding shares have decreased by approximately 0.34% annually over the past 3 years (Trend Reliability: -100.0%).

Slightly positive: The company is modestly reducing its share count through buybacks. This provides a small tailwind to earnings per share and dividend sustainability.

Has NVO ever had a Stock Split?

Yes, the last stock split was on Sep 20, 2023 with a ratio of 2:1.

This was a forward split: Each share became 2 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

Year Number of Shares Annual Growth Rate
1985 5,060,000,000
1986 5,080,000,000 +0.4%
1987 5,100,000,000 +0.39%
1988 5,100,000,000
1989 7,192,142,900 +41.02%
1990 6,293,333,300 -12.5%
1991 6,541,534,400 +3.94%
1992 7,649,074,100 +16.93%
1993 7,477,110,400 -2.25%
1994 7,509,841,300 +0.44%
1995 7,646,222,200 +1.82%
1996 7,372,166,100 -3.58%
1997 7,541,331,900 +2.29%
1998 7,350,000,000 -2.54%
1999 7,020,000,000 -4.49%
2000 6,937,255,400 -1.18%
2001 6,939,630,300 +0.03%
2002 6,957,884,100 +0.26%
2003 6,866,025,600 -1.32%
2004 6,727,303,400 -2.02%
2005 6,546,720,000 -2.68%
2006 6,447,607,200 -1.51%
2007 6,360,264,800 -1.35%
2008 6,206,209,200 -2.42%
2009 5,986,324,400 -3.54%
2010 5,810,939,000 -2.93%
2011 5,691,160,000 -2.06%
2012 5,460,000,000 -4.06%
2013 5,346,725,000 -2.07%
2014 5,251,892,200 -1.77%
2015 5,150,202,400 -1.94%
2016 5,034,200,000 -2.25%
2017 4,947,493,000 -1.72%
2018 4,843,617,000 -2.1%
2019 4,733,458,000 -2.27%
2020 4,655,600,000 -1.64%
2021 4,585,951,900 -1.5%
2022 4,522,800,000 -1.38%
2023 4,477,400,000 -1%
2024 4,460,500,000 -0.38%
2025 4,446,800,000 -0.31%

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: 2026-01-07 02:40