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Novo Nordisk A/S (NVO)
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NVO Dividends

Novo Nordisk A/S (NVO) pays $1.80 in dividends per share, with a current dividend yield of 4.14%. The company has dividend history for 6 consecutive years.

NVO Dividend Summary

Consecutive Years

6

Most Recent Ex-Date

Mar 30, 2026

Most Recent Payment

Apr 8, 2026

NVO Dividends per Share (Nominal History)

View full nominal table list

This step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.

NVO Dividends CAGR Chart

Novo Nordisk A/S (NVO)

Annual Dividend History

YearDividend/ShareYoY Growth
2026(YTD)$1.22
2025$1.73+19.41%
2024$1.45+40.62%
2023$1.03+28.54%
2022$0.80+8.68%
2021$0.74+13.23%
2020$0.65+6.03%
2019$0.61-3.30%
2018$0.63+10.85%
2017$0.57-18.94%
2016$0.71N/A
2015$0.36-12.08%
2014$0.42+33.84%
2013$0.31+23.60%
2012$0.25+33.06%
2011$0.19+38.76%
2010$0.14+25.21%
2009$0.11+15.20%
2008$0.09+52.16%
2007$0.06+28.92%

Quarterly Dividend History

QuarterDividend/ShareYoY Growth
Q1 2026$1.22+6.55%
Q3 2025$0.58+13.04%
Q1 2025$1.14+22.94%
Q3 2024$0.52+17.97%
Q1 2024$0.93+57.44%
Q3 2023$0.44+51.68%
Q1 2023$0.59+15.47%
Q3 2022$0.29+4.99%
Q1 2022$0.51+10.88%
Q3 2021$0.28+6.28%
Q1 2021$0.46+17.83%
Q3 2020$0.26+15.21%
Q1 2020$0.39+0.72%
Q3 2019$0.22-2.79%
Q1 2019$0.39-3.60%
Q3 2018$0.23-2.43%
Q1 2018$0.40+20.23%
Q3 2017$0.24+4.49%
Q1 2017$0.34-30.04%
Q3 2016$0.23
Q1 2016$0.48+31.26%
Q1 2015$0.36-12.08%
Q1 2014$0.42+33.84%
Q1 2013$0.31+23.60%

Dividend Yield Metrics

Current Yield
4.14%
Average Yield (TTM)
4.14%
Average Yield (3Y)
3.36%
Forward Yield on Cost (3Y)
6.30%
Forward Yield on Cost (5Y)
8.33%
Forward Yield on Cost (10Y)
16.77%

Payout Ratio Analysis

Payout Ratio (Current)
42.14%
FCF Payout Ratio
165.29%
Payout Ratio (3Y Avg)
43.68%
Payout Ratio (5Y Avg)
44.57%
FCF Payout (3Y Avg)
93.39%
FCF Payout (5Y Avg)
73.21%

An FCF payout above 100% means dividends exceeded the period's free cash flow, often because of temporarily depressed FCF (one-off capex or working-capital swings) rather than an unfunded dividend. Compare against the earnings payout ratio and the multi-year trend before drawing a conclusion.

Dividend Coverage

Payout Ratio
42.1%
Dividends / net income
FCF Payout Ratio
165.3%
Dividends / free cash flow
Consecutive Years
6 years
Years with regular dividend payments
5Y Dividend Growth
10.6%
Compound annual dividend growth

About Novo Nordisk A/S

Novo Nordisk A/S is a global pharmaceutical firm dedicated to the investigation, creation, manufacturing, and distribution of medicinal products across a vast international footprint. Its market presence extends throughout Europe, the Middle East, Africa, various parts of Asia (including Mainland China, Hong Kong, and Taiwan), and North America. The company's operations are structured into two principal business units: Diabetes and Obesity Care, and Rare Disease. The Diabetes and Obesity Care division delivers therapies for diabetes, obesity, cardiovascular ailments, and other emerging therapeutic areas. Meanwhile, the Rare Disease division concentrates on providing treatments for rare blood disorders, uncommon endocrine conditions, and hormone replacement solutions. In addition to its core pharmaceutical offerings, Novo Nordisk produces specialized medical equipment such as insulin pens, growth hormone pens, and injection needles. It also pioneers smart digital solutions for diabetes management, including advanced insulin pens and the Dose Check application, designed to guide insulin dosage. The company engages in strategic alliances, notably a partnership with UNICEF to combat childhood obesity and a collaboration with Valo Health, Inc. to discover and advance novel drug pipelines in the cardiometabolic space. Founded in 1923, Novo Nordisk A/S is headquartered in Bagsvaerd, Denmark.

Bagsvaerd
77,406 employees
Healthcare / Drug Manufacturers - General
Sector
Healthcare
Industry
Drug Manufacturers - General
CEO
Maziar Mike Doustdar