Novo Nordisk A/S (NVO) Dividend History

NYSE: NVOYield, payment dates, growth and payout ratio.

NVO latest dividend

$0.58last dividend per share
Ex-dividend dateAug 17Monday, 2026
Payment dateAug 25Tuesday, 2026

The next dividend has not been announced yet.

  • 7 yearsof dividend increases
  • 1982paying since
  • —payments
  • +20.9%5-year growth a year
  • 4.64%forward yield

NVO dividend income calculator

Dividend income a year
$180
Each payment
$45
Value of the shares
$3,883
Dividend yield
4.64%

At the latest close; forward annual dividend $1.80 per share, before tax.

NVO dividends per share by year

Dividends per shareYield at year-end (right axis)

Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.

NVO dividend safety

Payout ratio (earnings)12.7%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)178.6%
Above free cash flow · of fiscal 2025 free cash flow
Dividend growth (5 years)+20.9%
Growing · a year on average
Years of increases7
Established · consecutive calendar years with a higher dividend

Descriptive bands, not a rating.

NVO yield on cost

Novo Nordisk A/S yield on cost
BoughtPrice paidYield on costDividends since% of price
1 year ago$54.373.31%$1.853.4%
3 years ago$100.571.79%$4.985.0%
5 years ago$51.723.48%$6.8313.2%
10 years ago$20.288.88%$9.9949.3%
20 years ago$3.8546.70%$12.63327.7%

Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).

NVO dividend payments

Payment

Each bar is one payment, by ex-dividend month (last 40 payments).

NVO dividends by year

Novo Nordisk A/S dividends per share by year
YearDividends per shareGrowthYield (year-end)Payments
2025$1.68+16.6%3.31%2
2024$1.44+39.2%1.68%2
2023$1.04+28.0%1.00%2
2022$0.81+7.6%1.20%2
2021$0.75+15.4%1.34%2
2020$0.65+5.4%1.87%2
2019$0.62+8.9%2.14%2
2018$0.570.0%2.47%2
2017$0.57−19.4%2.12%2
2016$0.71—3.93%2
2015$0.38−8.4%1.31%1
2014$0.41+30.3%1.96%1
2013$0.32+27.5%1.72%1
2012$0.25+37.3%1.53%1
2011$0.18+29.2%1.58%1
2010$0.14+36.1%1.25%1
2009$0.10+17.0%1.62%1
2008$0.09+45.2%1.72%1
2007$0.06+26.1%0.94%1
2006$0.05—1.16%1

NVO dividend history

58 payments
Novo Nordisk A/S dividend payment history
Ex-dividend datePayment dateAmountChangeFrequency
2026-08-172026-08-25$0.579−54.6%Semiannual
2026-03-302026-04-08$1.27+118.3%Semiannual
2025-08-182025-08-26$0.584−46.9%Semiannual
2025-03-312025-04-08$1.10+114.2%Semiannual
2024-08-162024-08-26$0.513−44.8%Semiannual
2024-03-222024-04-02$0.93+110.4%Semiannual
2023-08-182023-08-29$0.442−25.7%Semiannual
2023-03-242023-04-04$0.5945+103.6%Semiannual
2022-08-122022-08-23$0.292−43.6%Semiannual
2022-03-252022-04-05$0.518+86.0%Semiannual
2021-08-162021-08-25$0.2785−41.3%Semiannual
2021-03-262021-04-07$0.4745+83.2%Semiannual
2020-08-142020-08-25$0.259−34.2%Semiannual
2020-03-272020-04-07$0.3935+75.3%Semiannual
2019-08-162019-08-27$0.2245−43.1%Semiannual
2019-03-222019-04-02$0.3945+69.0%Semiannual
Show all 58 payments
Ex-dividend datePayment dateAmountChangeFrequency
2018-08-172018-08-28$0.2335−30.3%Semiannual
2018-03-232018-04-03$0.335+41.4%Semiannual
2017-08-172017-08-29$0.237−28.5%Once a year
2017-03-232017-04-04$0.3315+48.3%Once a year
2016-08-112016-08-23$0.2235−53.6%Once a year
2016-03-182016-03-30$0.482+26.8%Once a year
2015-03-192015-03-31$0.38−8.4%Once a year
2014-03-212014-04-02$0.415+30.3%Once a year
2013-03-212013-04-02$0.3184+27.5%Once a year
2012-03-222012-04-03$0.2497+37.3%Once a year
2011-03-242011-04-05$0.1818+29.2%Once a year
2010-03-252010-04-07$0.1407+36.1%Once a year
2009-03-192009-03-31$0.1034+17.0%Once a year
2008-03-132008-03-25$0.0884+45.2%Once a year
2007-03-082007-03-20$0.0609+26.1%Once a year
2006-03-092006-03-21$0.0483+15.0%Once a year
2005-03-102005-03-22$0.042+12.8%Once a year
2004-03-172004-03-29$0.0372+42.4%Once a year
2003-03-262003-04-07$0.0261+41.7%Once a year
2002-03-132002-03-25$0.0185+16.0%Once a year
2001-03-212001-04-02$0.0159+69.1%Once a year
2000-11-17—$0.0094−19.7%
2000-03-242000-04-06$0.0117+42.7%Once a year
1999-03-251999-04-06$0.0082+2.0%Once a year
1998-03-271998-04-08$0.008+43.1%Once a year
1997-04-251997-05-07$0.0056+30.7%Once a year
1996-05-011996-05-14$0.0043+19.4%Once a year
1996-04-24—$0.0036−14.3%
1995-04-241995-05-16$0.0042+50.0%Once a year
1994-04-261994-05-18$0.0028+3.7%Once a year
1993-04-221993-05-13$0.0027−10.0%Once a year
1992-04-281992-05-20$0.003+17.6%Once a year
1991-04-191991-05-10$0.0026−18.3%Once a year
1990-04-231990-05-15$0.0031+34.5%Once a year
1989-04-211989-05-12$0.0023−11.1%Once a year
1988-04-211988-05-12$0.0026+26.1%Once a year
1987-04-201987-05-11$0.0021+20.3%Once a year
1986-04-211986-05-12$0.0017+32.3%Once a year
1985-04-191985-05-10$0.0013−9.7%Once a year
1984-04-131984-05-04$0.0014+5.1%Once a year
1983-04-131983-05-05$0.0014+356.7%Once a year
1982-04-231982-05-20$0.0003—Once a year

Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.

NVO stock split history

  • 2:1September 20, 2023
  • 5:1January 9, 2014
  • 2:1December 17, 2007
  • 5:2April 11, 2001
  • 4:1April 18, 1994

NVO dividend overview

Novo Nordisk A/S pays an annual dividend of $1.80 per share, a yield of 4.64% at the latest close. It paid $1.68 per share in 2025, up 16.6% from 2024. It has raised its dividend for 7 consecutive years. Over five years the dividend grew 20.9% a year on average and over ten years 16.0% a year. The payout ratio is 12.7% of trailing earnings.

Related: NVO cash flow statement, NVO key metrics, NVO chart. See the NVO stock overview for the latest quote and news.

NVO dividends FAQ

Does Novo Nordisk A/S pay a dividend?

Yes. Novo Nordisk A/S has paid a regular dividend since 1982, most recently $0.58 per share with an ex-dividend date of August 17, 2026.

What is Novo Nordisk A/S's dividend yield?

Novo Nordisk A/S's forward annual dividend is $1.80 per share, a dividend yield of 4.64% at the latest close of $38.83.

How fast is Novo Nordisk A/S's dividend growing?

Novo Nordisk A/S's dividend per share grew from $0.65 in 2020 to $1.68 in 2025, 20.9% a year on average over five years; it has increased for 7 years in a row.

What is Novo Nordisk A/S's dividend payout ratio?

Novo Nordisk A/S pays out 12.7% of its trailing earnings as dividends and 178.6% of its free cash flow (fiscal 2025).

Has Novo Nordisk A/S split its stock?

Novo Nordisk A/S has split its stock 5 times: 2:1 on September 20, 2023, 5:1 on January 9, 2014, 2:1 on December 17, 2007, 5:2 on April 11, 2001, 4:1 on April 18, 1994. Dividends per share on this page are adjusted for splits.

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