Equinor ASA (FRA:DNQ) Dividend Payout Ratio: 0.37 (As of Mar. 2026) — Near Median


FRA:DNQ Equinor ASA FRA:DNQ
80 GF Score
Price €27.43
GF Value €26.25
Valuation Fairly Valued
! 4 Warning Signs
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What is Equinor ASA Dividend Payout Ratio?

Equinor ASA FRA:DNQ +0.44% 80 Dividend Payout Ratio is 0.37 as of Mar. 2026, which is 8% below its 10-year median of 0.40. GuruFocus rates FRA:DNQ with a GF Score™ of 80/100 and a GF Value™ of €26.25 (Fairly Valued). The stock has 4 warning signs investors should review. Among 436 Oil & Gas companies, Equinor ASA ranks worse than 67.43% 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. Equinor ASA's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.37.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Equinor ASA is 0.79, which seems too high.

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

FRA:DNQ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.4   Max: 3.21
Current: 0.78

During the past 13 years, the highest Dividend Payout Ratio of Equinor ASA was 3.21. The lowest was 0.09. And the median was 0.40.

FRA:DNQ's Dividend Payout Ratio is ranked worse than
67.43% of 436 companies
in the Oil & Gas industry
Industry Median: 0.5 vs FRA:DNQ: 0.78

As of today (2026-06-30), the Dividend Yield % of Equinor ASA is 4.68%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Equinor ASA was 8.57%. The lowest was 1.49%. And the median was 4.40%.

Equinor ASA's Dividends per Share for the months ended in Mar. 2026 was €0.32.

During the past 12 months, Equinor ASA's average Dividends Per Share Growth Rate was -0.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 24.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 25.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Equinor ASA was 43.70% per year. The lowest was -16.10% per year. And the median was 8.60% 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.

Equinor ASA (FRA:DNQ) 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.

Equinor ASA Dividend Payout Ratio Related Terms

Equinor ASA Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Equinor ASA'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.

Equinor ASA Dividend Payout Ratio Chart

Equinor ASA 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 0.20 0.09 0.31 0.42 0.77

Equinor ASA 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 0.36 0.79 5.08 1.05 0.37

FRA:DNQ vs XOM, CVX: Dividend Payout Ratio Comparison

For the Oil & Gas Integrated subindustry, Equinor ASA'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.

Equinor ASA Dividend Payout Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Equinor ASA's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Equinor ASA's Dividend Payout Ratio falls into.


FRA:DNQ
80GF Score
Equinor ASA FRA:DNQ
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Equinor ASA 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.

Equinor ASA'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 )
=1.251/ 1.622
=0.77

Equinor ASA'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 )
=0.321/ 0.86
=0.37

* 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 0.37 mean?
Equinor ASA (FRA:DNQ) has a Dividend Payout Ratio of 0.37 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Equinor ASA and its competitors. This is near median its historical median of 0.40. Over the past decade, Equinor ASA's Dividend Payout Ratio has ranged from 0.09 to 3.21. According to the industry distribution chart, Equinor ASA ranks #294 out of 436 companies in the Oil & Gas industry, placing it in the top 67.4%.
Is Equinor ASA's Dividend Payout Ratio too high?
Equinor ASA's current Dividend Payout Ratio of 0.37 is near median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 3.21. The Oil & Gas industry median Dividend Payout Ratio is 0.50. Equinor ASA's value of 0.37 is 26% below this industry median. Based on the distribution chart, Equinor ASA ranks #294 out of 436 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Equinor ASA has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Equinor ASA's Dividend Payout Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Equinor ASA ranks #294 out of 436 companies for Dividend Payout Ratio. This places Equinor ASA in the lower half of its industry. The industry median Dividend Payout Ratio is 0.50. Equinor ASA's value of 0.37 is 26% below this benchmark. Historically, Equinor ASA's own Dividend Payout Ratio has ranged from 0.09 to 3.21 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.50, Equinor ASA 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 Dividend Payout Ratio for an Oil & Gas company?
The median Dividend Payout Ratio among Oil & Gas companies is 0.50, based on 436 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. Equinor ASA's current Dividend Payout Ratio of 0.37 is 26% 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 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 Equinor ASA and its competitors. For the Oil & Gas industry, the median Dividend Payout Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equinor ASA's current Dividend Payout Ratio is 0.37, which is near median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinor ASA stock overvalued right now?
Based on GuruFocus' analysis, Equinor ASA (FRA:DNQ) is currently considered Fairly Valued. The stock's GF Value™ is €26.25, compared to a current price of €27.43 — trading 4.5% above its estimated fair value. The current Dividend Payout Ratio is 0.37, which is near median its 10-year median of 0.40 and 26% below the Oil & Gas industry median of 0.50. Equinor ASA's overall GF Score™ is 80/100 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 Equinor ASA (FRA:DNQ), the current Dividend Payout Ratio is 0.37 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 Equinor ASA (FRA:DNQ) Overvalued in 2026?

Based on GuruFocus' analysis, Equinor ASA stock appears to be overvalued. The current stock price of €27.43 is trading 4.5% above its estimated GF Value™ of €26.25. GuruFocus considers Equinor ASA to be Fairly Valued.

Key valuation signals for FRA:DNQ:

  • Dividend Payout Ratio: 0.37 (near median its 10-year median of 0.40)
  • GF Value™: €26.25 vs. price of €27.43 (4.5% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 26% below the Oil & Gas median (#294 of 436)

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

Equinor ASA Business Description

Industry EnergyOil & Gas
Address Forusbeen 50, Stavanger, NOR, NO-4035
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2025 (50% liquids) and ended 2025 with 5.2 billion barrels of proven reserves (45% liquids). Operations also include oil refineries and natural gas processing, marketing, and trading. The renewables portfolio includes offshore and onshore wind and solar, with total power generation of 5.65 TWh in 2025.
80GF Score

Get the complete analysis for FRA:DNQ

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

€27.43
Price
€26.25
GF Value