Vår Energi ASA
VARRYEnergy · Stock · quarterly payer
Forward Yield
10.42%
Annual Dividend
$0.96
Payout Ratio
179%
5-Yr Growth
—
Ex-Date
Jun 4, 2026
Frequency
Quarterly
Summary
As of July 2026, Vår Energi ASA (VARRY) yields 10.42% ($0.96 per share annually), with a blended fair-value estimate of $12.13 — +31% upside, so it screens as undervalued. Dividend safety grade: C (63/100). 2 years of dividend growth.
Is VARRY a good dividend stock?
Yes, with caveatsVår Energi ASA (VARRY) pays a quarterly dividend yielding 10.42% ($0.96/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Elevated payout ratio (179%)
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 10.42%
- Payout Ratio
- 179%
- Annual Dividend
- $0.96
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Jun 4, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- -0.50
- Market Cap
- $11.5B
- P/E Ratio
- 17.1
- 5-Yr Total Return
- —
- 52-Week Range
- $6.03 – $11.09
- Dividend Safety
- C · 63/100
- Ever Cut?
- No
Frequently Asked Questions
VARRY Price — Last 12 Months
Daily close
Price Return
1 Year
+32%
3 Years
+61%
5 Years
—
52-Week Range
$6.03 – $11.09
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is VARRY worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Vår Energi ASA is $12.13 per share, versus a market price of $9.25. That implies 31% of upside — a margin of safety of about 24%.
Fair Value
$12.13
Current Price
$9.25
Upside
+31%
Margin of Safety
24%
How we get there
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 4.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 4.0% stage-1 growth, 2.5% terminal growth, $0.54 EPS, $0.96 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
VARRY 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 |
|---|---|---|---|
| Jun 4, 2026 | — | $0.2418 | regular |
| Jun 4, 2026 | — | $0.2330 | regular |
| Feb 4, 2026 | — | $0.2536 | regular |
| Nov 18, 2025 | — | $0.2361 | regular |
| Aug 19, 2025 | — | $0.2408 | regular |
| May 5, 2025 | — | $0.2380 | regular |
| Feb 24, 2025 | — | $0.2178 | regular |
| Nov 1, 2024 | — | $0.2147 | regular |
| Aug 2, 2024 | — | $0.2159 | regular |
| May 3, 2024 | — | $0.2183 | regular |
| Feb 23, 2024 | — | $0.2141 | regular |
| Nov 3, 2023 | — | $0.2203 | regular |
| Aug 4, 2023 | — | $0.2080 | regular |
Income Calculator
At $0.96 / yr per share
