Novartis AG
NVSHealthcare · Stock · annual payer
Forward Yield
3.10%
Annual Dividend
$4.74
Payout Ratio
68%
5-Yr Growth
5.6%
Ex-Date
Mar 11, 2026
Frequency
Annual
Summary
As of June 2026, Novartis AG (NVS) yields 3.10% ($4.74 per share annually), with a blended fair-value estimate of $195.99 — +28% upside, so it screens as undervalued. Dividend safety grade: C (61/100). 3 years of dividend growth.
Is NVS a good dividend stock?
Yes, with caveatsNovartis AG (NVS) pays a annual dividend yielding 3.10% ($4.74/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 5.6% 5-yr dividend growth
- 68% total price return over 5 years
Risks
- Cut its dividend in 2019
Key Data
- Dividend Yield
- 3.10%
- Payout Ratio
- 68%
- Annual Dividend
- $4.74
- 5-Yr Avg Growth
- 5.6%
- Ex-Dividend Date
- Mar 11, 2026
- Years of Growth
- 3
- Frequency
- annual
- Beta
- 0.49
- Market Cap
- $292.1B
- P/E Ratio
- 21.9
- 5-Yr Total Return
- 68%
- 52-Week Range
- $112.34 – $170.46
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2019)
Frequently Asked Questions
NVS Price — Last 12 Months
Daily close
Price Return
1 Year
+26%
3 Years
+52%
5 Years
+68%
52-Week Range
$112.34 – $170.46
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NVS worth?
Undervaluedhigh confidenceOur blended fair-value estimate for Novartis AG is $195.99 per share, versus a market price of $153.07. That implies 28% of upside — a margin of safety of about 22%.
Fair Value
$195.99
Current Price
$153.07
Upside
+28%
Margin of Safety
22%
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 2.8% annual free-cash-flow growth. We model 10.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 10.8% stage-1 growth, 2.5% terminal growth, $6.98 EPS, $4.74 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NVS Dividend Safety Score
Borderline
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 |
|---|---|---|---|
| Mar 11, 2026 | — | $4.7730 | regular |
| Mar 12, 2025 | — | $3.9940 | regular |
| Mar 7, 2024 | — | $3.7400 | regular |
| Mar 9, 2023 | — | $3.4690 | regular |
| Mar 8, 2022 | — | $3.3570 | regular |
| Mar 4, 2021 | — | $3.3780 | regular |
| Mar 3, 2020 | — | $3.0420 | regular |
| Mar 4, 2019 | — | $2.5672 | regular |
| Mar 6, 2018 | — | $2.6676 | regular |
| Mar 1, 2017 | — | $2.4606 | regular |
| Feb 24, 2016 | — | $2.4749 | regular |
| Mar 2, 2015 | — | $2.5242 | regular |
| Feb 27, 2014 | — | $2.4364 | regular |
| Feb 26, 2013 | — | $2.2670 | regular |
Income Calculator
At $4.74 / yr per share
