NBT Bancorp Inc.
NBTBFinancial Services · Stock · quarterly payer
Forward Yield
3.09%
Annual Dividend
$1.60
Payout Ratio
36%
5-Yr Growth
5.6%
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Summary
As of September 2026, NBT Bancorp Inc. (NBTB) yields 3.09% ($1.60 per share annually), with a blended fair-value estimate of $125.91 — +143% upside, so it screens as undervalued. Dividend safety grade: A (99/100). 13 years of dividend growth.
Is NBTB a good dividend stock?
YesNBT Bancorp Inc. (NBTB) pays a quarterly dividend yielding 3.09% ($1.60/yr), with 13 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 13 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (36%)
- Strong 5.6% 5-yr dividend growth
- 43% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 3.09%
- Payout Ratio
- 36%
- Annual Dividend
- $1.60
- 5-Yr Avg Growth
- 5.6%
- Ex-Dividend Date
- Sep 1, 2026
- Years of Growth
- 13
- Frequency
- quarterly
- Beta
- 0.48
- Market Cap
- $2.7B
- P/E Ratio
- 12.6
- 5-Yr Total Return
- 43%
- 52-Week Range
- $39.20 – $54.50
- Dividend Safety
- A · 99/100
- Ever Cut?
- No
Frequently Asked Questions
NBTB Price — Last 12 Months
Daily close
Price Return
1 Year
+24%
3 Years
+63%
5 Years
+43%
52-Week Range
$39.20 – $54.50
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NBTB worth?
Undervaluedlow confidenceOur blended fair-value estimate for NBT Bancorp Inc. is $125.91 per share, versus a market price of $51.73. That implies 143% of upside — a margin of safety of about 59%.
Fair Value
$125.91
Current Price
$51.73
Upside
+143%
Margin of Safety
59%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $4.11 EPS, $1.60 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NBTB Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | — | $0.4000 | regular |
| Jun 1, 2026 | — | $0.3700 | regular |
| Mar 2, 2026 | — | $0.3700 | regular |
| Dec 1, 2025 | — | $0.3700 | regular |
| Aug 29, 2025 | — | $0.3700 | regular |
| Jun 2, 2025 | — | $0.3400 | regular |
| Mar 3, 2025 | — | $0.3400 | regular |
| Dec 2, 2024 | — | $0.3400 | regular |
| Aug 30, 2024 | — | $0.3400 | regular |
| Jun 3, 2024 | — | $0.3200 | regular |
| Feb 29, 2024 | — | $0.3200 | regular |
| Nov 30, 2023 | — | $0.3200 | regular |
| Aug 31, 2023 | — | $0.3200 | regular |
| May 31, 2023 | — | $0.3000 | regular |
Income Calculator
At $1.60 / yr per share
