Natural Grocers by Vitamin CottageNGVC +1.62%84 Dividend Payout Ratio is 0.25 as of Mar. 2026, which is 17% below its 10-year median of 0.30. GuruFocus rates NGVC with a GF Score™ of 84/100 and a GF Value™ of $27.27 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 180 Retail - Defensive companies, Natural Grocers by Vitamin Cottage ranks better than 73.89% 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. Natural Grocers by Vitamin Cottage's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.25.
The historical rank and industry rank for Natural Grocers by Vitamin Cottage's Dividend Payout Ratio or its related term are showing as below:
NGVC'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.3 Max: 0.41
Current: 0.25
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.
NGVC's Dividend Payout Ratio is ranked better than 73.89% of 180
companies
in the Retail - Defensive industry
Industry Median: 0.365
vs NGVC: 0.25
During the past 13 years, the highest Trailing Annual Dividend Yield of Natural Grocers by Vitamin Cottage was 4.42%. The lowest was 0.66%. And the median was 1.96%.
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.
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.
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.
Natural Grocers by Vitamin Cottage (NYSE:NGVC) 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.
Natural Grocers by Vitamin Cottage Dividend Payout Ratio Related Terms
Natural Grocers by Vitamin Cottage Dividend Payout Ratio Historical Data
* 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 Dividend Payout Ratio Chart
NGVC vs VLGEA, YSWY, DNUT: Dividend Payout Ratio Comparison
For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage'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.
Natural Grocers by Vitamin Cottage Dividend Payout Ratio vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Natural Grocers by Vitamin Cottage's Dividend Payout Ratio falls into.
Natural Grocers by Vitamin Cottage 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.
* 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 (NGVC) has a Dividend Payout Ratio of 0.25 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Natural Grocers by Vitamin Cottage and its competitors. This is 17% below median its historical median of 0.30. Over the past decade, Natural Grocers by Vitamin Cottage's Dividend Payout Ratio has ranged from 0.24 to 0.41. According to the industry distribution chart, Natural Grocers by Vitamin Cottage ranks #47 out of 180 companies in the Retail - Defensive industry, placing it in the top 26.1%.
Is Natural Grocers by Vitamin Cottage's Dividend Payout Ratio too high?
Natural Grocers by Vitamin Cottage's current Dividend Payout Ratio of 0.25 is 17% below median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.41. The Retail - Defensive industry median Dividend Payout Ratio is 0.37. Natural Grocers by Vitamin Cottage's value of 0.25 is 31.5% below this industry median. Based on the distribution chart, Natural Grocers by Vitamin Cottage ranks #47 out of 180 companies in the Retail - Defensive industry, which is above 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 Dividend Payout Ratio compare to VLGEA and YSWY?
According to the Retail - Defensive industry distribution chart, Natural Grocers by Vitamin Cottage ranks #47 out of 180 companies for Dividend Payout Ratio. This puts Natural Grocers by Vitamin Cottage in the upper half of its industry. The industry median Dividend Payout Ratio is 0.37. Natural Grocers by Vitamin Cottage's value of 0.25 is 31.5% below this benchmark. Historically, Natural Grocers by Vitamin Cottage's own Dividend Payout Ratio has ranged from 0.24 to 0.41 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.37, 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 Dividend Payout Ratio for a Retail - Defensive company?
The median Dividend Payout Ratio among Retail - Defensive companies is 0.37, based on 180 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. Natural Grocers by Vitamin Cottage's current Dividend Payout Ratio of 0.25 is 31.5% 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 Natural Grocers by Vitamin Cottage and its competitors. For the Retail - Defensive industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Grocers by Vitamin Cottage's current Dividend Payout Ratio is 0.25, which is 17% below median its own 10-year median of 0.30. 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 $27.27, compared to a current price of $32.69 — trading 19.9% above its estimated fair value. The current Dividend Payout Ratio is 0.25, which is 17% below median its 10-year median of 0.30 and 31.5% below the Retail - Defensive industry median of 0.37. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Natural Grocers by Vitamin Cottage (NGVC), the current Dividend Payout Ratio is 0.25 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 $32.69 is trading 19.9% above its estimated GF Value™ of $27.27.
GuruFocus considers Natural Grocers by Vitamin Cottage to be Modestly Overvalued.
Key valuation signals for NGVC:
Dividend Payout Ratio: 0.25 (17% below median its 10-year median of 0.30)
GF Value™: $27.27 vs. price of $32.69 (19.9% above fair value)
Industry Position: 31.5% below the Retail - Defensive median (#47 of 180)
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 Business Description
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
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