Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Natural Grocers by Vitamin CottageNGVC -0.37%84 3-Year Dividend Growth Rate is 6.30% as of Mar. 2026, which is 50% below its 10-year median of 12.60. GuruFocus rates NGVC with a GF Score™ of 84/100 and a GF Value™ of $27.45 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 141 Retail - Defensive companies, Natural Grocers by Vitamin Cottage ranks worse than 65.25% on this metric.
The historical rank and industry rank for Natural Grocers by Vitamin Cottage's 3-Year Dividend Growth Rate or its related term are showing as below:
NGVC'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 6.3 Med: 12.6 Max: 12.6
Current: 6.3
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Natural Grocers by Vitamin Cottage was 12.60% per year. The lowest was 6.30% per year. And the median was 12.60% per year.
NGVC's 3-Year Dividend Growth Rate is ranked worse than 65.25% of 141
companies
in the Retail - Defensive industry
Industry Median: 10.1
vs NGVC: 6.30
During the past 12 months, Natural Grocers by Vitamin Cottage's average Dividends Per Share Growth Rate was 22.70% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 6.30% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 11.40% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
During the past 13 years, the highest Dividend Payout Ratio of Natural Grocers by Vitamin Cottage was 0.41. The lowest was 0.24. And the median was 0.30.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Natural Grocers by Vitamin Cottage Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.150000
2026-05-18
2026-05-18
2026-06-03
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.150000
2026-03-02
2026-03-02
2026-03-18
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.150000
2025-12-01
2025-12-01
2025-12-10
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.120000
2025-09-02
2025-09-02
2025-09-17
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Natural Grocers by Vitamin Cottage's Dividend Yield (%) for Today is calculated as
Current Share Price is $32.06.
Natural Grocers by Vitamin Cottage's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.57.
During the past 13 years, the highest Dividend Yield of Natural Grocers by Vitamin Cottage was 4.42%. The lowest was 0.66%. And the median was 1.96%.
* 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.
Natural Grocers by Vitamin Cottage 3-Year Dividend Growth Rate Related Terms>
NGVC vs VLGEA, YSWY, DNUT: 3-Year Dividend Growth Rate Comparison
For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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.
Natural Grocers by Vitamin Cottage 3-Year Dividend Growth Rate vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Natural Grocers by Vitamin Cottage's 3-Year Dividend Growth Rate falls into.
Natural Grocers by Vitamin Cottage 3-Year Dividend Growth Rate Calculation
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Dividend Growth Rate of 6.30% mean?
Natural Grocers by Vitamin Cottage (NGVC) has a 3-Year Dividend Growth Rate of 6.30% as of Mar. 2026. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on Natural Grocers by Vitamin Cottage and its competitors. This is 50% below median its historical median of 12.60. Over the past decade, Natural Grocers by Vitamin Cottage's 3-Year Dividend Growth Rate has ranged from 6.30 to 12.60. According to the industry distribution chart, Natural Grocers by Vitamin Cottage ranks #92 out of 141 companies in the Retail - Defensive industry, placing it in the top 65.2%.
Is Natural Grocers by Vitamin Cottage's 3-Year Dividend Growth Rate too high?
Natural Grocers by Vitamin Cottage's current 3-Year Dividend Growth Rate of 6.30% is 50% below median its 10-year median of 12.60. Over the past 10 years, this metric has ranged from a low of 6.30 to a high of 12.60. The Retail - Defensive industry median 3-Year Dividend Growth Rate is 10.10. Natural Grocers by Vitamin Cottage's value of 6.30% is 37.6% below this industry median. Based on the distribution chart, Natural Grocers by Vitamin Cottage ranks #92 out of 141 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Natural Grocers by Vitamin Cottage has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Grocers by Vitamin Cottage's 3-Year Dividend Growth Rate compare to VLGEA and YSWY?
According to the Retail - Defensive industry distribution chart, Natural Grocers by Vitamin Cottage ranks #92 out of 141 companies for 3-Year Dividend Growth Rate. This places Natural Grocers by Vitamin Cottage in the lower half of its industry. The industry median 3-Year Dividend Growth Rate is 10.10. Natural Grocers by Vitamin Cottage's value of 6.30% is 37.6% below this benchmark. Historically, Natural Grocers by Vitamin Cottage's own 3-Year Dividend Growth Rate has ranged from 6.30 to 12.60 over the past decade. While the company's 10-year median is 12.60 vs. the industry median of 10.10, Natural Grocers by Vitamin Cottage has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Dividend Growth Rate for a Retail - Defensive company?
The median 3-Year Dividend Growth Rate among Retail - Defensive companies is 10.10, based on 141 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year Dividend Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year Dividend Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Natural Grocers by Vitamin Cottage's current 3-Year Dividend Growth Rate of 6.30% is 37.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Dividend Growth Rate mean?
A high 3-Year Dividend Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on Natural Grocers by Vitamin Cottage and its competitors. For the Retail - Defensive industry, the median 3-Year Dividend Growth Rate is 10.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Grocers by Vitamin Cottage's current 3-Year Dividend Growth Rate is 6.30%, which is 50% below median its own 10-year median of 12.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Grocers by Vitamin Cottage stock overvalued right now?
Based on GuruFocus' analysis, Natural Grocers by Vitamin Cottage (NGVC) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.45, compared to a current price of $32.06 — trading 16.8% above its estimated fair value. The current 3-Year Dividend Growth Rate is 6.30%, which is 50% below median its 10-year median of 12.60 and 37.6% below the Retail - Defensive industry median of 10.10. Natural Grocers by Vitamin Cottage's overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Dividend Growth Rate calculated?
3-Year Dividend Growth Rate is calculated from a company's financial statements. For Natural Grocers by Vitamin Cottage (NGVC), the current 3-Year Dividend Growth Rate is 6.30% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Natural Grocers by Vitamin Cottage (NGVC) Overvalued in 2026?
Based on GuruFocus' analysis, Natural Grocers by Vitamin Cottage stock appears to be overvalued.
The current stock price of $32.06 is trading 16.8% above its estimated GF Value™ of $27.45.
GuruFocus considers Natural Grocers by Vitamin Cottage to be Modestly Overvalued.
Key valuation signals for NGVC:
3-Year Dividend Growth Rate: 6.30% (50% below median its 10-year median of 12.60)
GF Value™: $27.45 vs. price of $32.06 (16.8% above fair value)
Industry Position: 37.6% below the Retail - Defensive median (#92 of 141)
No single metric tells the full story. See the NGVC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natural Grocers by Vitamin Cottage Inc operates natural and organic grocery and dietary supplement stores. It offers the following product categories: natural and organic food, dietary supplements, natural body care, household, pet care products, books, and handouts. The Company has a single reporting segment, natural and organic retail stores, through which business is conducted. The company generates the majority of its revenue from grocery products and dietary supplements, and the rest from other products.
84GF Score
Get the complete analysis for NGVC
3-Year Dividend Growth Rate is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NGVC has been successfully added to your 
