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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Norsk Hydro ASA (NHYKF) pays a $3.00 annual dividend, yielding 4.03% at $8.04/share. Next ex-dividend date 2026-05-08. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.03%
Annual Dividend: $3.00 per share
Payout Ratio: 60.4%
Ex-Dividend Date: 2026-05-08
Dividend Frequency: annually
Sector: Basic Materials
Years of Dividend History: 41
Norsk Hydro ASA dividend investors are looking at a company that spans the entire aluminum value chain, from bauxite mining and alumina refining to aluminum smelting, extrusions, and renewable energy generation. The current yield sits at 3.48%, with a trailing annual dividend rate of $3.00 per share paid annually. The next ex-dividend date is May 11, 2026, and the last dividend paid was $0.3267 per share. With a beta of 0.691, NHYKF stock moves less than the broader market, which appeals to income-focused investors who prioritize lower volatility over aggressive growth.
Norsk Hydro ASA pays out 63.0% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level leaves a meaningful but not wide buffer, and the company's vertically integrated operations across bauxite, alumina, primary aluminum, and extrusions provide multiple revenue streams that support the current payout. Norsk Hydro ASA dividend safety is further complicated by the commodity-driven nature of aluminum markets, where earnings can swing sharply with metal prices, as the historical dividend data shows with swings from $0.12 to $0.69 per share across recent years.
Norsk Hydro ASA dividend history shows a CAGR of -12.9% per year from 2003 to 2025. Per-share payments started at $4.5549 in 2003 and ended at $0.2171 in 2025 (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 778.2% in 2005, which reflects how dramatically aluminum-linked earnings can swing rather than any sustained upward trend. Growth is not the story here.
| Period | CAGR | From | To |
|---|---|---|---|
| 5-Year | +9.5% | $0.14 (2020) | $0.22 (2025) |
| 10-Year | +4.9% | $0.13 (2015) | $0.22 (2025) |
NHYKF stock fits income-focused investors who can tolerate commodity-driven dividend variability in exchange for exposure to a fully integrated aluminum and renewable energy business. The current yield of 3.48% falls in the moderate (2–4%) range, and it sits below the 5-year average yield of 3.86%, meaning the stock is currently yielding less than its own recent norm. The 63.0% payout ratio is elevated, which limits how much room exists to grow the dividend if aluminum earnings soften. What an investor gets here is a moderate yield from a large, diversified industrial operator; what they accept is a dividend that has historically moved with commodity cycles rather than compounding steadily upward.
| Payment Date | Amount per Share |
|---|---|
| 2026-05-11 | $0.3267 |
| 2025-05-13 | $0.2171 |
| 2024-05-09 | $0.2288 |
| 2023-05-11 | $0.5282 |
| 2022-09-21 | $0.1404 |
| 2022-05-11 | $0.5538 |
| 2021-05-07 | $0.1519 |
| 2020-11-17 | $0.1379 |
| 2019-05-08 | $0.1427 |
| 2018-05-08 | $0.2149 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.3267 |
| 2025 | $0.2171 |
| 2024 | $0.2288 |
| 2023 | $0.5282 |
| 2022 | $0.6942 |
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