Novo Nordisk (NVO) Dividend History & Yield
Novo Nordisk (NVO) has increased its dividend for 2 consecutive years and currently yields 4.00%. The most recent dividend was $1.2174/share on Apr 8, 2026, paid Semi-Annual.
NVO
Current Yield
4.00%
TTM Dividend/Share
$1.80
Payment Frequency
Semi-Annual
Payout Ratio
6.6%
Consecutive Growth Years
2
Div Growth (1Y CAGR)
36.81%
Div Growth (5Y CAGR)
16.63%
Div Growth (10Y CAGR)
14.42%
NVO: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
20.6%
FCF payout ratio
114.0%
Net debt / EBITDA
0.7x
Interest coverage
17.56x
ROIC (TTM)
42.4%
Dividend Safety Score
5 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 6.6%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($6.52) covers dividend/share ($1.80).
No dividend cuts in 10+ years
10 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 2 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 114.0%, above the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 0.7x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (16.6%) ≤ EPS growth (34.9%) — sustainable.
Per-payment dividend history
Ex-date Mar 30, 2026
- Payment date
- Apr 8, 2026
- Dividend
- $1.2174
- Adj. dividend
- $1.2174
Ex-date Aug 18, 2025
- Payment date
- Aug 26, 2025
- Dividend
- $0.5843
- Adj. dividend
- $0.5843
Ex-date Mar 31, 2025
- Payment date
- Apr 8, 2025
- Dividend
- $0.8191
- Adj. dividend
- $0.8191
Ex-date Aug 16, 2024
- Payment date
- Aug 26, 2024
- Dividend
- $0.3623
- Adj. dividend
- $0.3623
Ex-date Mar 22, 2024
- Payment date
- Apr 2, 2024
- Dividend
- $0.6634
- Adj. dividend
- $0.6634
Ex-date Aug 18, 2023
- Payment date
- Aug 29, 2023
- Dividend
- $0.8763
- Adj. dividend
- $0.4382
Ex-date Mar 24, 2023
- Payment date
- Apr 4, 2023
- Dividend
- $1.1806
- Adj. dividend
- $0.5903
Ex-date Aug 12, 2022
- Payment date
- Aug 23, 2022
- Dividend
- $0.5777
- Adj. dividend
- $0.2889
Ex-date Mar 25, 2022
- Payment date
- Apr 5, 2022
- Dividend
- $1.0224
- Adj. dividend
- $0.5112
Ex-date Aug 16, 2021
- Payment date
- Aug 25, 2021
- Dividend
- $0.5503
- Adj. dividend
- $0.2751
Ex-date Mar 26, 2021
- Payment date
- Apr 7, 2021
- Dividend
- $0.9221
- Adj. dividend
- $0.4611
Ex-date Aug 14, 2020
- Payment date
- Aug 25, 2020
- Dividend
- $0.5178
- Adj. dividend
- $0.2589
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Mar 30, 2026 | Apr 8, 2026 | $1.2174 | $1.2174 |
| Aug 18, 2025 | Aug 26, 2025 | $0.5843 | $0.5843 |
| Mar 31, 2025 | Apr 8, 2025 | $0.8191 | $0.8191 |
| Aug 16, 2024 | Aug 26, 2024 | $0.3623 | $0.3623 |
| Mar 22, 2024 | Apr 2, 2024 | $0.6634 | $0.6634 |
| Aug 18, 2023 | Aug 29, 2023 | $0.8763 | $0.4382 |
| Mar 24, 2023 | Apr 4, 2023 | $1.1806 | $0.5903 |
| Aug 12, 2022 | Aug 23, 2022 | $0.5777 | $0.2889 |
| Mar 25, 2022 | Apr 5, 2022 | $1.0224 | $0.5112 |
| Aug 16, 2021 | Aug 25, 2021 | $0.5503 | $0.2751 |
| Mar 26, 2021 | Apr 7, 2021 | $0.9221 | $0.4611 |
| Aug 14, 2020 | Aug 25, 2020 | $0.5178 | $0.2589 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Novo Nordisk has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 2 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $1.4034 | — | — |
| 2025 | $1.0258 | $1.4034 | +36.8% |
| 2024 | $1.0285 | $1.0258 | -0.3% |
| 2023 | $0.8001 | $1.0285 | +28.5% |
| 2022 | $0.7362 | $0.8001 | +8.7% |
| 2021 | $0.6502 | $0.7362 | +13.2% |
| 2020 | $0.6132 | $0.6502 | +6.0% |
| 2019 | $0.6341 | $0.6132 | -3.3% |
| 2018 | $0.5721 | $0.6341 | +10.8% |
| 2017 | $0.7058 | $0.5721 | -18.9% |
| 2016 | $0.3650 | $0.7058 | +93.4% |
| 2015 | $0.4152 | $0.3650 | -12.1% |
| 2014 | $0.3102 | $0.4152 | +33.8% |
| 2013 | $0.2510 | $0.3102 | +23.6% |
| 2012 | $0.1886 | $0.2510 | +33.1% |
| 2011 | $0.1359 | $0.1886 | +38.8% |
| 2010 | $0.1085 | $0.1359 | +25.2% |
| 2009 | $0.0942 | $0.1085 | +15.2% |
| 2008 | $0.0619 | $0.0942 | +52.2% |
| 2007 | $0.0480 | $0.0619 | +28.9% |
| 2006 | $0.0429 | $0.0480 | +12.1% |
| 2005 | $0.0362 | $0.0429 | +18.5% |
| 2004 | $0.0261 | $0.0362 | +38.4% |
| 2003 | $0.0198 | $0.0261 | +32.2% |
| 2002 | $0.0158 | $0.0198 | +25.3% |
| 2001 | $0.0125 | $0.0158 | +26.6% |
| 2000 | $0.0112 | $0.0125 | +11.7% |
| 1999 | $0.0061 | $0.0112 | +82.8% |
| 1998 | $0.0057 | $0.0061 | +7.4% |
| 1997 | $0.0043 | $0.0057 | +33.7% |
| 1996 | $0.0039 | $0.0043 | +9.9% |
| 1995 | $0.0026 | $0.0039 | +46.5% |
| 1994 | $0.0028 | $0.0026 | -4.9% |
| 1993 | $0.0027 | $0.0028 | +3.5% |
| 1992 | $0.0030 | $0.0027 | -10.6% |
| 1991 | $0.0031 | $0.0030 | -3.8% |
| 1990 | $0.0023 | $0.0031 | +34.7% |
| 1989 | $0.0026 | $0.0023 | -11.3% |
| 1988 | $0.0021 | $0.0026 | +26.1% |
| 1987 | $0.0025 | $0.0021 | -15.8% |
| 1986 | $0.0019 | $0.0025 | +32.8% |
| 1985 | — | $0.0019 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Novo Nordisk (NVO) from the consolidated cash flow statement, in USD as filed.
Latest period
$52.15B
YoY change
+17.3%
5Y CAGR
+20.8%
Peak year (2025)
$51.76B
Latest annual
$51.76B
Cash dividends paid over time for Novo Nordisk (NVO)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Novo Nordisk (NVO)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $51.76B | +17.3% | +$7.62B | ||
| 2024 | $44.14B | +38.9% | +$12.37B | ||
| 2023 | $31.77B | +25.5% | +$6.46B | ||
| 2022 | $25.30B | +17.6% | +$3.79B | ||
| 2021 | $21.52B | +6.9% | +$1.40B | ||
| 2020 | $20.12B | +3.7% | +$712.00M | ||
| 2019 | $19.41B | +1.9% | +$361.00M | ||
| 2018 | $19.05B | +1.1% | +$204.00M | ||
| 2017 | $18.84B | -20.9% | -$4.99B | ||
| 2016 | $23.83B | +84.7% | +$10.93B | ||
| 2015 | $12.90B | +8.8% | +$1.04B | ||
| 2014 | $11.87B | +22.1% | +$2.15B | ||
| 2013 | $9.71B | +25.5% | +$1.97B | ||
| 2012 | $7.74B | +35.8% | +$2.04B | ||
| 2011 | $5.70B | +29.5% | +$1.30B | ||
| 2010 | $4.40B | +20.5% | +$750.00M | ||
| 2009 | $3.65B | +30.6% | +$855.00M | ||
| 2008 | $2.79B | +25.8% | +$574.00M | ||
| 2007 | $2.22B | +14.2% | +$276.00M | ||
| 2006 | $1.95B | +22.0% | +$351.00M | ||
| 2005 | $1.59B | +7.1% | +$106.00M | ||
| 2004 | $1.49B | +19.3% | +$240.42M | ||
| 2003 | $1.25B | +7.5% | +$86.84M | ||
| 2002 | $1.16B | +27.5% | +$250.15M | ||
| 2001 | $910.59M | +32.0% | +$220.76M | ||
| 2000 | $689.82M | +22.8% | +$127.95M | ||
| 1999 | $561.87M | +31.7% | +$135.14M | ||
| 1998 | $426.72M | +52.8% | +$147.37M | ||
| 1997 | $279.36M | +49.8% | +$92.91M | ||
| 1996 | $186.45M | +0.4% | +$791,153 | ||
| 1995 | $185.66M | — | +$185.66M | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | — | $0 | ||
| 1992 | $0 | — | $0 | ||
| 1991 | $0 | — | $0 | ||
| 1990 | $0 | — | — |
Novo Nordisk (NVO) most recent annual dividends paid stands at $51.76B (2025) – grew 17.3% year-over-year.
Through 2020–2025 (5 years), Novo Nordisk dividends paid delivered a +20.8% annualised rate; sustaining 8 straight years of year-over-year growth.
$51.76B stands as the all-time-high annual dividends paid, posted in 2025, against a low of $0 during 1990.
Within Healthcare, Novo Nordisk (NVO) ranks 1st among 8 peers we track. The peer median for dividends paid is $6.65B.
Novo Nordisk Dividends Paid 2025: $51.76B
Novo Nordisk dividends paid in 2025 was $51.76B, grew 17.3% from 2024. This figure represents the highest annual value in the available history.
Novo Nordisk Dividends Paid 2024: $44.14B
Novo Nordisk dividends paid in 2024 was $44.14B, surged 38.9% from 2023.
Novo Nordisk Dividends Paid 2023: $31.77B
Novo Nordisk dividends paid in 2023 was $31.77B, grew 25.5% from 2022.
Novo Nordisk Dividends Paid 2022: $25.30B
Novo Nordisk dividends paid in 2022 was $25.30B, grew 17.6% from 2021.
Novo Nordisk Dividends Paid 2021: $21.52B
Novo Nordisk dividends paid in 2021 was $21.52B.
See more financial history for Novo Nordisk (NVO).
Sector peers by dividends paid
Companies in the same sector as Novo Nordisk, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Johnson & Johnson (JNJ) | $12.38B | Healthcare |
| AbbVie (ABBV) | $11.66B | Healthcare |
| Merck & Co. (MRK) | $8.18B | Healthcare |
| UnitedHealth Group (UNH) | $7.92B | Healthcare |
| Eli Lilly (LLY) | $5.38B | Healthcare |
| Amgen (AMGN) | $5.12B | Healthcare |
| AstraZeneca (AZN) | $5.08B | Healthcare |
| Thermo Fisher Scientific (TMO) | $636.00M | Healthcare |
Frequently asked questions
Does Novo Nordisk pay dividends?
Yes, Novo Nordisk (NVO) pays semi-annual dividends of approximately $1.80 per share annually, yielding 4.00%.
What is Novo Nordisk's dividend yield?
Novo Nordisk (NVO) has a current dividend yield of 4.00%.
Is Novo Nordisk's dividend safe?
Novo Nordisk (NVO) passes 5 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Novo Nordisk increased its dividend?
Novo Nordisk (NVO) has 2 consecutive years of dividend increases.
What is Novo Nordisk's dividend payout ratio?
Novo Nordisk (NVO) has a dividend payout ratio of 6.6%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Novo Nordisk's dividends paid?
Latest reported dividends paid for Novo Nordisk (NVO) is $52.15B (period ending March 31, 2026).
How has Novo Nordisk dividends paid changed year-over-year?
Novo Nordisk (NVO) dividends paid changed +17.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Novo Nordisk dividends paid?
Novo Nordisk (NVO) dividends paid compound annual growth rate is +20.8% over the most recent 5 years available.
When did Novo Nordisk dividends paid hit its highest annual value?
Novo Nordisk dividends paid reached its highest annual value of $51.76B in 2025.
What was Novo Nordisk dividends paid in 2024?
Novo Nordisk (NVO) dividends paid in 2024 was $44.14B.
What was Novo Nordisk dividends paid in 2025?
Novo Nordisk (NVO) dividends paid in 2025 was $51.76B.
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