FOJCF (Fortum Oyj) Dividend Payout Ratio: 1.67 (As of Mar. 2026) — 84% Above Median


FOJCF Fortum Oyj FOJCF
65 GF Score
Price $22.00
GF Value $13.87
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Fortum Oyj Dividend Payout Ratio?

Fortum Oyj FOJCF 65 Dividend Payout Ratio is 1.67 as of Mar. 2026, which is 84% above its 10-year median of 0.91. GuruFocus rates FOJCF with a GF Score™ of 65/100 and a GF Value™ of $13.87 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 181 Utilities - Independent Power Producers companies, Fortum Oyj ranks worse than 79.56% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Fortum Oyj's Dividend Payout Ratio for the months ended in Mar. 2026 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 Fortum Oyj is 0.82, which seems too high.

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

FOJCF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.52   Med: 0.91   Max: 1.93
Current: 0.82

During the past 13 years, the highest Dividend Payout Ratio of Fortum Oyj was 1.93. The lowest was 0.52. And the median was 0.91.

FOJCF's Dividend Payout Ratio is ranked worse than
79.56% of 181 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.44 vs FOJCF: 0.82

As of today (2026-06-27), the Dividend Yield % of Fortum Oyj is 3.96%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Fortum Oyj was 14.70%. The lowest was 3.27%. And the median was 6.31%.

Fortum Oyj's Dividends per Share for the months ended in Mar. 2026 was $0.86.

During the past 12 months, Fortum Oyj's average Dividends Per Share Growth Rate was -49.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -7.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -3.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -1.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Fortum Oyj was 53.40% per year. The lowest was -7.60% per year. And the median was 1.05% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Fortum Oyj (OTCPK:FOJCF) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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.

Fortum Oyj Dividend Payout Ratio Related Terms

Fortum Oyj Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Fortum Oyj'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.

Fortum Oyj Dividend Payout Ratio Chart

Fortum Oyj Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.56 0.71 1.15 1.05

Fortum Oyj Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.24 0.00 0.00 0.00 1.67

Fortum Oyj Dividend Payout Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Fortum Oyj'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.

Fortum Oyj Dividend Payout Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Fortum Oyj's Dividend Payout Ratio falls into.


FOJCF
65GF Score
Fortum Oyj FOJCF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fortum Oyj Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Fortum Oyj's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.054/ 1.001
=1.05

Fortum Oyj's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.855/ 0.512
=1.67

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.67 mean?
Fortum Oyj (FOJCF) has a Dividend Payout Ratio of 1.67 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Fortum Oyj and its competitors. This is 84% above median its historical median of 0.91. Over the past decade, Fortum Oyj's Dividend Payout Ratio has ranged from 0.52 to 1.93. According to the industry distribution chart, Fortum Oyj ranks #144 out of 181 companies in the Utilities - Independent Power Producers industry, placing it in the top 79.6%.
Is Fortum Oyj's Dividend Payout Ratio too high?
Fortum Oyj's current Dividend Payout Ratio of 1.67 is 84% above median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 1.93. The Utilities - Independent Power Producers industry median Dividend Payout Ratio is 0.44. Fortum Oyj's value of 1.67 is 279.5% above this industry median. Based on the distribution chart, Fortum Oyj ranks #144 out of 181 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Fortum Oyj has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's Dividend Payout Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Fortum Oyj ranks #144 out of 181 companies for Dividend Payout Ratio. This places Fortum Oyj in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. Fortum Oyj's value of 1.67 is 279.5% above this benchmark. Historically, Fortum Oyj's own Dividend Payout Ratio has ranged from 0.52 to 1.93 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 0.44, Fortum Oyj has consistently been above 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 Dividend Payout Ratio for an Utilities - Independent Power Producers company?
The median Dividend Payout Ratio among Utilities - Independent Power Producers companies is 0.44, based on 181 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortum Oyj's current Dividend Payout Ratio of 1.67 is 279.5% above 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Fortum Oyj and its competitors. For the Utilities - Independent Power Producers industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortum Oyj's current Dividend Payout Ratio is 1.67, which is 84% above median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (FOJCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.87, compared to a current price of $22.00 — trading 58.6% above its estimated fair value. The current Dividend Payout Ratio is 1.67, which is 84% above median its 10-year median of 0.91 and 279.5% above the Utilities - Independent Power Producers industry median of 0.44. Fortum Oyj's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Fortum Oyj (FOJCF), the current Dividend Payout Ratio is 1.67 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 Fortum Oyj (FOJCF) Overvalued in 2026?

Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued. The current stock price of $22.00 is trading 58.6% above its estimated GF Value™ of $13.87. GuruFocus considers Fortum Oyj to be Significantly Overvalued.

Key valuation signals for FOJCF:

  • Dividend Payout Ratio: 1.67 (84% above median its 10-year median of 0.91)
  • GF Value™: $13.87 vs. price of $22.00 (58.6% above fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 279.5% above the Utilities - Independent Power Producers median (#144 of 181)

No single metric tells the full story. See the FOJCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fortum Oyj Business Description

Address Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, 02150
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
65GF Score

Get the complete analysis for FOJCF

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$22.00
Price
$13.87
GF Value