Novo Nordisk A/S dividends

Novo Nordisk A/S paid DKK 11.70 per ordinary share for FY2025. The dividend per share has gone up every year since FY2020, as far back as our record goes. Figures are in Danish kroner.

Dividend per share, FY2025DKK 11.70per ordinary share

Cash paid out, FY2025DKK 51.8Bin Danish kroner

Cash paid over market value4.32%latest fiscal year, today's value

Rises in a rowEvery yearsince FY2020, as far back as our record goes

Paid out of profit50%FY2025, 88% of free cash flow

New to this? How to read this page

Dividend per share is the cash a company pays for each share, added up for each fiscal year.
A company listed abroad files one annual report a year with the SEC. Its figures here are in Danish kroner, per ordinary share; one US-listed share stands for one ordinary share, as that report states them.
Payout is the share of profit, or of free cash flow, paid out. Below 100% the dividend is covered; above it the company paid more than it made that year.
A dividend that grows year after year is often a sign of a steady business.

Dividend per share

DKK, per ordinary share

The dividend went from DKK 4.55 in FY2020 to DKK 11.70 in FY2025, per ordinary share, up 20.8% a year over the last five.

Each column is the dividend per ordinary share for one fiscal year, in Danish kroner, as the annual report states it. Hover or tap for the change on the year before.

Cash paid to shareholders

DKK

Novo Nordisk A/S paid DKK 51.8B in dividends in FY2025, against DKK 19.4B in FY2019.

The dividends Novo Nordisk A/S paid in cash each fiscal year, from its cash flow statement, in Danish kroner.

Is the dividend covered?

FY2019 to FY2025

In FY2025 Novo Nordisk A/S earned DKK 23.03 per ordinary share and paid DKK 11.70: the dividend took 51% of profit.

Earnings per shareFree cash flow per shareDividend per share

Three columns a year on one scale, in Danish kroner per ordinary share: what the company earned, what cash it had left after investing, and what it paid out.

How much of earnings it pays out

share of each year

The dividend stayed below the year's profit every year shown; in FY2025 it took 50% of profit.

Of net profitOf free cash flow

The share of each year's net profit (blue) and free cash flow (green) paid as dividends, both in the company's own currency. The dashed line is 100%: above it, the company paid more than it made that year.

How it compares

every company on the site

The bar ranks every company on the site from the lowest on the left to the highest on the right, in three equal thirds; the small figures under it are the values where each third starts, and the black tick is the middle company. The orange dot is this company; the grey ticks are the other companies in its industry (hover or tap for names). A hatched block is companies tied at none.

Every year as a table

Dividends by fiscal year

Fiscal year	Dividend per share	Dividends paid	Of net profit	Of free cash flow
FY2025	DKK 11.70	DKK 51,763 million	50%	88%
FY2024	DKK 11.40	DKK 44,140 million	44%	60%
FY2023	DKK 9.40	DKK 31,767 million	38%	38%
FY2022	DKK 6.20	DKK 25,303 million	46%	38%
FY2021	DKK 5.20	DKK 21,517 million	45%	44%
FY2020	DKK 4.55	DKK 20,121 million	48%	44%
FY2019	n/a	DKK 19,409 million	50%	51%

Dividend per share as each annual report states it, beside the cash paid to shareholders that year and that cash over net profit and free cash flow.

Above 100%, the company paid out more than its profit or free cash flow that year.