Novonesis AS (Novonesis AS) Dividend Payout Ratio : 1.67 (As of Dec. 2023)

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What is Novonesis AS Dividend Payout Ratio?

Novonesis AS's dividend payout ratio for the months ended in Dec. 2023 was 1.67.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Novonesis AS is 0.85, which seems too high.

The historical rank and industry rank for Novonesis AS's Dividend Payout Ratio or its related term are showing as below:

NVZMY' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.43 Max: 0.86
Current: 0.85

During the past 13 years, the highest Dividend Payout Ratio of Novonesis AS was 0.86. The lowest was 0.31. And the median was 0.43.

NVZMY's Dividend Payout Ratio is ranked worse than
82.01% of 917 companies
in the Chemicals industry
Industry Median: 0.38 vs NVZMY: 0.85

As of today (2024-04-26), the Dividend Yield % of Novonesis AS is 1.07%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Novonesis AS was 2.91%. The lowest was 0.77%. And the median was 1.29%.

Novonesis AS's Dividends per Share for the months ended in Dec. 2023 was $0.61.

During the past 12 months, Novonesis AS's average Dividends Per Share Growth Rate was 85.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 24.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Novonesis AS was 24.80% per year. The lowest was 3.20% per year. And the median was 16.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Novonesis AS Dividend Payout Ratio Historical Data

The historical data trend for Novonesis AS's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Novonesis AS Dividend Payout Ratio Chart

Novonesis AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.50

0.54

0.51

0.45

0.85

Novonesis AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															-	1.99	-	-	1.67

Competitive Comparison of Novonesis AS's Dividend Payout Ratio

For the Specialty Chemicals subindustry, Novonesis AS's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Novonesis AS's Dividend Payout Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Novonesis AS's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Novonesis AS's Dividend Payout Ratio falls into.

Novonesis AS Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Novonesis AS's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.484	/	1.744
	=	0.85

Novonesis AS's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.611	/	0.366
	=	1.67

Novonesis AS (OTCPK:NVZMY) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Novonesis AS Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Novonesis AS's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Novonesis AS (Novonesis AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Novonesis AS (OTCPK:NVZMY) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

NVZMF:USA NZYM:Mexico NZYMBc:UK 0Q4U:UK NZYM B:Denmark NZM2:Germany

Address

Krogshoejvej 36, Bagsvaerd, DNK, 2880

Website

https://www.novozymes.com

Novozymes is the world leader in industrial enzymes. In recent years, the company has expanded into micro-organisms, primarily for agricultural markets. The firm supplies five major industry groups: household care, food and beverages, bioenergy, agriculture and feed, and technical and pharma. Its biological solutions create value for its customers by improving yield efficiency and performance, while saving energy and generating less waste. The company is headquartered in Denmark.

Novonesis AS (Novonesis AS) Headlines

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