NorthWestern Corporation (NWE) Dividend History

NASDAQ: NWEYield, payment dates, growth and payout ratio.

NWE latest dividend

$0.67last dividend per share

Ex-dividend dateAug 17Monday, 2026

Payment dateSep 1Tuesday, 2026

The next dividend has not been announced yet.

20 yearsof dividend increases
2005paying since
Quarterly4 payments a year
+1.9%5-year growth a year
3.59%forward yield

NWE dividend income calculator

Shares owned

Dividend income a year: $268
Each payment: $67
Value of the shares: $7,472
Dividend yield: 3.59%

At the latest close; forward annual dividend $2.68 per share, before tax.

NWE 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.

NWE dividend safety

Payout ratio (earnings)70.8%

Stretched · of trailing twelve-month earnings paid as dividends

Dividend growth (5 years)+1.9%

Slow growth · a year on average

Years of increases20

Long record · consecutive calendar years with a higher dividend

Descriptive bands, not a rating.

NWE yield on cost

NorthWestern Corporation yield on cost
Bought	Price paid	Yield on cost	Dividends since	% of price
1 year ago	$59.27	4.52%	$2.67	4.5%
3 years ago	$48.05	5.58%	$7.89	16.4%
5 years ago	$56.85	4.71%	$12.95	22.8%
10 years ago	$56.10	4.78%	$24.31	43.3%
20 years ago	$35.51	7.55%	$39.38	110.9%

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

NWE dividend payments

Payment

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

NWE dividends by year

NorthWestern Corporation dividends per share by year
Year	Dividends per share	Growth	Yield (year-end)	Payments
2025	$2.64	+1.5%	4.09%	4
2024	$2.60	+1.6%	4.86%	4
2023	$2.56	+1.6%	5.03%	4
2022	$2.52	+1.6%	4.25%	4
2021	$2.48	+3.3%	4.34%	4
2020	$2.40	+4.3%	4.12%	4
2019	$2.30	+4.5%	3.21%	4
2018	$2.20	+4.8%	3.70%	4
2017	$2.10	+5.0%	3.52%	4
2016	$2.00	+4.2%	3.52%	4
2015	$1.92	+20.0%	3.54%	4
2014	$1.60	+5.3%	2.83%	4
2013	$1.52	+2.7%	3.51%	4
2012	$1.48	+2.8%	4.26%	4
2011	$1.44	+5.9%	4.02%	4
2010	$1.36	+1.5%	4.72%	4
2009	$1.34	+1.5%	5.15%	4
2008	$1.32	+3.1%	5.62%	4
2007	$1.28	+3.2%	4.34%	4
2006	$1.24	—	3.50%	4

NWE dividend history

87 payments

NorthWestern Corporation dividend payment history
Ex-dividend date	Payment date	Amount	Change	Frequency
2026-08-17	2026-09-01	$0.67	—	Quarterly
2026-06-15	2026-06-30	$0.67	—	Quarterly
2026-03-13	2026-03-31	$0.67	+1.5%	Quarterly
2025-12-15	2025-12-31	$0.66	—	Quarterly
2025-09-15	2025-09-30	$0.66	—	Quarterly
2025-06-13	2025-06-30	$0.66	—	Quarterly
2025-03-14	2025-03-31	$0.66	+1.5%	Quarterly
2024-12-13	2024-12-31	$0.65	—	Quarterly
2024-09-13	2024-09-30	$0.65	—	Quarterly
2024-06-14	2024-06-28	$0.65	—	Quarterly
2024-03-14	2024-03-29	$0.65	+1.6%	Quarterly
2023-12-14	2023-12-29	$0.64	—	Quarterly
2023-09-14	2023-09-29	$0.64	—	Quarterly
2023-06-14	2023-06-30	$0.64	—	Quarterly
2023-03-14	2023-03-31	$0.64	+1.6%	Quarterly
2022-12-14	2022-12-30	$0.63	—	Quarterly

Show all 87 payments

Ex-dividend date	Payment date	Amount	Change	Frequency
2022-09-14	2022-09-30	$0.63	—	Quarterly
2022-06-14	2022-06-30	$0.63	—	Quarterly
2022-03-14	2022-03-31	$0.63	+1.6%	Quarterly
2021-12-14	2021-12-31	$0.62	—	Quarterly
2021-09-14	2021-09-30	$0.62	—	Quarterly
2021-06-14	2021-06-30	$0.62	—	Quarterly
2021-03-12	2021-03-31	$0.62	+3.3%	Quarterly
2020-12-14	2020-12-31	$0.6	—	Quarterly
2020-09-14	2020-09-30	$0.6	—	Quarterly
2020-06-12	2020-06-30	$0.6	—	Quarterly
2020-03-12	2020-03-31	$0.6	+4.3%	Quarterly
2019-12-12	2019-12-31	$0.575	—	Quarterly
2019-09-12	2019-09-30	$0.575	—	Quarterly
2019-06-13	2019-06-28	$0.575	—	Quarterly
2019-03-14	2019-03-29	$0.575	+4.5%	Quarterly
2018-12-13	2018-12-31	$0.55	—	Quarterly
2018-09-13	2018-09-28	$0.55	—	Quarterly
2018-06-14	2018-06-29	$0.55	—	Quarterly
2018-03-14	2018-03-30	$0.55	+4.8%	Quarterly
2017-12-14	2017-12-29	$0.525	—	Quarterly
2017-09-14	2017-09-29	$0.525	—	Quarterly
2017-06-13	2017-06-30	$0.525	—	Quarterly
2017-03-13	2017-03-31	$0.525	+5.0%	Quarterly
2016-12-13	2016-12-30	$0.5	—	Quarterly
2016-09-13	2016-09-30	$0.5	—	Quarterly
2016-06-13	2016-06-30	$0.5	—	Quarterly
2016-03-11	2016-03-31	$0.5	+4.2%	Quarterly
2015-12-11	2015-12-31	$0.48	—	Quarterly
2015-09-11	2015-09-30	$0.48	—	Quarterly
2015-06-11	2015-06-30	$0.48	—	Quarterly
2015-03-11	2015-03-31	$0.48	+20.0%	Quarterly
2014-12-11	2014-12-31	$0.4	—	Quarterly
2014-09-11	2014-09-30	$0.4	—	Quarterly
2014-06-11	2014-06-30	$0.4	—	Quarterly
2014-03-12	2014-03-31	$0.4	+5.3%	Quarterly
2013-12-11	2013-12-31	$0.38	—	Quarterly
2013-09-11	2013-09-30	$0.38	—	Quarterly
2013-06-12	2013-06-30	$0.38	—	Quarterly
2013-03-13	2013-03-31	$0.38	+2.7%	Quarterly
2012-12-12	2012-12-31	$0.37	—	Quarterly
2012-09-12	2012-09-30	$0.37	—	Quarterly
2012-06-13	2012-06-30	$0.37	—	Quarterly
2012-03-13	2012-03-31	$0.37	+2.8%	Quarterly
2011-12-13	2011-12-31	$0.36	—	Quarterly
2011-09-13	2011-09-30	$0.36	—	Quarterly
2011-06-13	2011-06-30	$0.36	—	Quarterly
2011-03-11	2011-03-31	$0.36	+5.9%	Quarterly
2010-12-13	2010-12-31	$0.34	—	Quarterly
2010-09-13	2010-09-30	$0.34	—	Quarterly
2010-06-11	2010-06-30	$0.34	—	Quarterly
2010-03-11	2010-03-31	$0.34	+1.5%	Quarterly
2009-12-11	2009-12-31	$0.335	—	Quarterly
2009-09-11	2009-09-30	$0.335	—	Quarterly
2009-06-11	2009-06-30	$0.335	—	Quarterly
2009-03-11	2009-03-31	$0.335	+1.5%	Quarterly
2008-12-11	2008-12-31	$0.33	—	Quarterly
2008-09-11	2008-09-30	$0.33	—	Quarterly
2008-06-11	2008-06-30	$0.33	—	Quarterly
2008-03-12	2008-03-31	$0.33	—	Quarterly
2007-12-12	2007-12-31	$0.33	—	Quarterly
2007-09-12	2007-09-30	$0.33	+6.5%	Quarterly
2007-06-13	2007-06-30	$0.31	—	Quarterly
2007-03-13	2007-03-31	$0.31	—	Quarterly
2006-12-13	2006-12-31	$0.31	—	Quarterly
2006-09-13	2006-09-30	$0.31	—	Quarterly
2006-06-13	2006-06-30	$0.31	—	Quarterly
2006-03-13	2006-03-31	$0.31	—	Quarterly
2005-12-13	2005-12-31	$0.31	+24.0%	Quarterly
2005-09-13	2005-09-30	$0.25	+13.6%	Quarterly
2005-06-13	2005-06-30	$0.22	—	Quarterly
2005-03-22	2005-03-31	$0.22	—

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

NWE stock split history

NorthWestern has no stock splits on record.

NWE dividend overview

NorthWestern pays an annual dividend of $2.68 per share, a yield of 3.59% at the latest close, paid quarterly. It paid $2.64 per share in 2025, up 1.5% from 2024. It has raised its dividend for 20 consecutive years. Over five years the dividend grew 1.9% a year on average and over ten years 3.2% a year. The payout ratio is 70.8% of trailing earnings.

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

NWE dividends FAQ

Does NorthWestern pay a dividend?

Yes. NorthWestern has paid a regular dividend since 2005, quarterly, most recently $0.67 per share with an ex-dividend date of August 17, 2026.

What is NorthWestern's dividend yield?

NorthWestern's forward annual dividend is $2.68 per share, a dividend yield of 3.59% at the latest close of $74.72.

How often does NorthWestern pay dividends?

NorthWestern pays dividends quarterly.

How fast is NorthWestern's dividend growing?

NorthWestern's dividend per share grew from $2.40 in 2020 to $2.64 in 2025, 1.9% a year on average over five years; it has increased for 20 years in a row.

What is NorthWestern's dividend payout ratio?

NorthWestern pays out 70.8% of its trailing earnings as dividends.