Nicolet Bankshares, Inc.
NICFinancial Services · Stock · quarterly payer
Forward Yield
0.79%
Annual Dividend
$1.36
Payout Ratio
15%
5-Yr Growth
—
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Summary
As of September 2026, Nicolet Bankshares, Inc. (NIC) yields 0.79% ($1.36 per share annually), with a blended fair-value estimate of $278.87 — +62% upside, so it screens as undervalued. Dividend safety grade: B (78/100). 2 years of dividend growth.
Is NIC a good dividend stock?
YesNicolet Bankshares, Inc. (NIC) pays a quarterly dividend yielding 0.79% ($1.36/yr), with 2 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (15%)
- 132% total price return over 5 years
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 0.79%
- Payout Ratio
- 15%
- Annual Dividend
- $1.36
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 1, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 0.64
- Market Cap
- $3.6B
- P/E Ratio
- 19.3
- 5-Yr Total Return
- 132%
- 52-Week Range
- $114.12 – $180.00
- Dividend Safety
- B · 78/100
- Ever Cut?
- No
Frequently Asked Questions
NIC Price — Last 12 Months
Daily close
Price Return
1 Year
+28%
3 Years
+147%
5 Years
+132%
52-Week Range
$114.12 – $180.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NIC worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Nicolet Bankshares, Inc. is $278.87 per share, versus a market price of $172.12. That implies 62% of upside — a margin of safety of about 38%.
Fair Value
$278.87
Current Price
$172.12
Upside
+62%
Margin of Safety
38%
How we get there
Discounted cash flow
Discounts projected free cash flow 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 9.1% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.5% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $8.92 EPS, $1.36 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NIC Dividend Safety Score
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 | — | $0.3600 | regular |
| Jun 1, 2026 | — | $0.3600 | regular |
| Mar 2, 2026 | — | $0.3200 | regular |
| Dec 8, 2025 | — | $0.3200 | regular |
| Sep 2, 2025 | — | $0.3200 | regular |
| Jun 2, 2025 | — | $0.3200 | regular |
| Mar 10, 2025 | — | $0.2800 | regular |
| Dec 2, 2024 | — | $0.2800 | regular |
| Sep 3, 2024 | — | $0.2800 | regular |
| Jun 3, 2024 | — | $0.2800 | regular |
| Mar 7, 2024 | — | $0.2500 | regular |
| Nov 30, 2023 | — | $0.2500 | regular |
| Aug 31, 2023 | — | $0.2500 | regular |
| May 31, 2023 | — | $0.2500 | regular |
Income Calculator
At $1.36 / yr per share
