Novo Nordisk A/S (NVO) dividend history

Healthcare · Drug Manufacturers - General · Market cap $161.1B

Novo Nordisk A/S paid 51.8B DKK in dividends in fiscal 2025, about 11.64 DKK per share.

Dividends per share grew 16.6% a year over 10 years, rising in each of the last 8 years.

That took 179% of free cash flow and 51% of net income.

Dividends by fiscal year

Dividends paid from the cash flow statement in Novo Nordisk A/S's 10-K filings, divided by diluted shares (an approximation of the per-share dividend), in DKK.

Fiscal year	Per share	Growth	Total paid	% of free cash flow	% of net income
2025	11.64 DKK	+17.7%	51.8B DKK	179%	51%
2024	9.89 DKK	+39.9%	44.1B DKK	63%	44%
2023	7.07 DKK	+26.9%	31.8B DKK	45%	38%
2022	5.57 DKK	+19.2%	25.3B DKK	39%	46%
2021	4.67 DKK	+8.7%	21.5B DKK	45%	45%
2020	4.30 DKK	+5.4%	20.1B DKK	67%	48%
2019	4.08 DKK	+3.9%	19.4B DKK	55%	50%
2018	3.93 DKK	+3.3%	19.0B DKK	59%	49%
2017	3.80 DKK	-19.1%	18.8B DKK	58%	49%
2016	4.70 DKK	+87.8%	23.8B DKK	60%	63%
2015	2.50 DKK	—	12.9B DKK	40%	37%

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Questions

Does Novo Nordisk A/S pay a dividend?

Novo Nordisk A/S paid 51.8B DKK in dividends in fiscal 2025, about 11.64 DKK per share.

How fast has Novo Nordisk A/S's dividend grown?

Dividends per share grew 16.6% a year over 10 years, rising in each of the last 8 years.

From Novo Nordisk A/S's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.