NAS Dividend History & Analysis | 11.2% Yield

NAS has a dividend yield of 11.2% and paid 1.7 NOK per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 11.18%
Payout Ratio 57.6%
Growth Rate CAGR 5y -14.8%
Consistency Lifetime 100%
Yield on Cost 5y 18.8%
Payout FCF 32.1%
Streak Years 1
Dividend Rating 8%
Chowder Number yield + growth -3.7% below 12% target for healthy growth
Yield vs Average 5y +33.3% avg 8.39% vs now 11.18%
Debt / EBITDA leverage 0.3x healthy
Income per 10k invested 1,118 NOK per year
Dividends Cash Amount per Share Yearly NAS annual dividends paid per share, showing the total cash Norwegian Air Shuttle ASA distributed to shareholders each year.
Dividend Growth Year over Year NAS year-over-year dividend growth rate, showing how Norwegian Air Shuttle ASA's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History NAS dividend yield history versus share price over the past 5 years, showing how Norwegian Air Shuttle ASA's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Passenger Airlines

Top 10 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
NAS OL
Norwegian Air Shuttle ASA
1,423 M 11.18% 18.83%
CPA NYSE
Copa Holdings
6,011 M 5.12% 12.10%
C6L SG
Singapore Airlines
18,649 M 5.78% 9.58%
LHA XETRA
Deutsche Lufthansa
12,700 M 4.02% 5.59%
LTM NYSE
LATAM Airlines S.A.
16,525 M 2.92% 6.59%
IAG MC
International Consolidated
28,248 M 1.86% 5.24%
RYAAY NASDAQ
Ryanair Holdings
33,573 M 2.39% 4.14%
DAL NYSE
Delta Air Lines
58,473 M 1.43% 2.60%
LUV NYSE
Southwest Airlines
23,671 M 1.88% 1.61%
UHAL-B NYSE
U-Haul Holding
11,681 M 0.41% 0.39%
Top 6 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
DAL NYSE
Delta Air Lines
58,473 M 32.35% 100.0%
CPA NYSE
Copa Holdings
6,011 M 26.89% 98.8%
IAG MC
International Consolidated
28,248 M 27.45% 100.0%
UHAL-B NYSE
U-Haul Holding
11,681 M 7.13% 99.0%
LHA XETRA
Deutsche Lufthansa
12,700 M 4.87% 98.3%
C6L SG
Singapore Airlines
18,649 M 0.91% 95.0%

NAS Dividend History

Dividend Monthly Return EX date, 0.9 years of data

Jan - -
Feb - -
Mar - -
Apr - -
May 5.51% 100
Jun - -
Jul - -
Aug 5.68% 100
Sep - -
Oct - -
Nov - -
Dec - -

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 2 Payments (NOK) as of July 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-05-07 2026-05-15 Interim 0.8 -11.1% 5.51%
2025-08-12 2025-08-20 Interim 0.9 0% 5.68%

NAS Dividend FAQ

What is the Dividend Yield of NAS?

As of July 2026, NAS's dividend yield is 11.18%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.70 NOK by the current share price of 12.78.

Does NAS pay a dividend?

As of July 2026, NAS paid a dividend of 1.70 NOK in the last 12 months. The last dividend was paid on 2026-05-07 and the payout was 0.8 NOK.

How often does NAS pay dividends?

NAS pays dividends semi-annually. Over the last 12 months, NAS has issued 2 dividend payments. The last dividend payment was made on 2026-05-07.

NAS dividend forecast

Based on historical data, the forecasted dividends per share for NAS for the next payments are between 0.8 (+0.0%) and 0.8 (+0.0%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 12.5%.

Will NAS pay dividends in 2026?

The latest dividend paid per share was 0.8 NOK with an Ex-Dividend Date of 2026-05-07. The next Ex-Dividend date for Norwegian Air Shuttle ASA (NAS) is currently unknown.

What is the next Ex-Dividend Date for NAS?

The next Ex-Dividend date for Norwegian Air Shuttle ASA (NAS) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of NAS?

NAS's average dividend growth rate over the past 5 years is -14.8% per year. Negative growth: NAS's dividend growth is negative and declining.

What is the Yield on Cost of NAS?

NAS's 5-Year Yield on Cost is 18.8%. If you bought NAS's shares at 9.03 NOK five years ago, your current annual dividend income (1.70 NOK per share, trailing 12 months) equals 18.8% of your original purchase price.

What is the Payout Consistency of NAS?

NAS Payout Consistency is 100.0%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: Norwegian Air Shuttle ASA has a strong track record of consistent dividend payments over its lifetime.

Does NAS have a good Dividend Yield?

NAS's 11.18% Dividend Yield is considered as very high. This is usually only sustainable for REITs, Asset Managements, MLPs or Covered Call ETFs.

What is the Dividend Payout Ratio of NAS?

The Dividend Payout Ratio of NAS is 57.6%. Healthy - Leaves room for growth and provides some protection to maintain dividends even in a recession.

What is the Dividend Rating of NAS?

NAS's Overall Dividend Rating is 8.02%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

NAS Outstanding Shares Analysis

The Chart shows the outstanding shares over time per year.
What is the Trend in NAS's Outstanding Shares?

Norwegian Air Shuttle ASA's outstanding shares have increased by approximately 0.04% annually over the past 3 years (Trend Reliability: -15.2%). Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

Has NAS ever had a Stock Split?

Yes, the last stock split was on Dec 18, 2020 with a ratio of 1:100. This was a reverse split: Multiple shares were consolidated into fewer shares, increasing the price per share. This is sometimes used to meet exchange listing requirements and can be a warning sign if the company is struggling.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
2009 313,700 0%
2010 327,000 +4.24%
2011 329,700 +0.83%
2012 329,400 -0.09%
2013 332,700 +1%
2014 335,200 +0.75%
2015 335,200 0%
2016 340,800 +1.67%
2017 357,600 +4.93%
2018 454,400 +27.07%
2019 1,466,800 +222.8%
2020 37,475,900 +2454.94%
2021 1,123,274,800 +2897.33%
2022 1,126,172,500 +0.26%
2023 961,712,300 -14.6%
2024 1,126,494,200 +17.13%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-07-13 02:05 UTC