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Northern Oil and Gas Inc. (NOG) logo

Northern Oil and Gas Inc.

S&P 500

NOG/Energy · Oil & Gas E&P/NYSE

Dividend Yield

9.33%

$1.80 · Annual Dividend

Stock Price$19.74P/E68.9MCap2.1BLast update: Jun 26, 2026 at 06:56

Dividend Safety Rating

36/ 100Warning

NOG's dividend shows several warning signs. Strengths include a 18.1% cfo payout ratio & None dividend cut. Areas of concern: 461.5% earnings payout ratio & 87.6% fcf payout ratio.

Based on 13 of 15 metrics

Strengths

  • CFO Payout Ratio: 18.1%Operating cash flow strongly supports the payout.
  • Dividend Cut: NoneNo dividend cut in recent history.

Risks

  • Earnings Payout Ratio: 461.5%High earnings payout ratio leaves little safety margin.
  • Interest Coverage: 1.4xInterest coverage is thin relative to debt servicing.
  • Current Ratio: 0.5xLimited short-term liquidity to meet obligations.

Payout & Coverage

Warning
87.6%Warning
18.1%Very Safe

Balance Sheet

Warning

Profitability

Warning
-29.8%Danger
-73.6%Danger
32.9%Caution

Dividend Track Record

Caution
5+ yrsCaution
NoneVery Safe
VolatileWarning

About Northern Oil and Gas Inc.

Northern Oil and Gas Inc. is an independent energy company specializing in the acquisition, exploration, exploitation, and development of oil and natural gas properties. Its primary functional operation is centered around the economically viable oil and gas regions, particularly in the Williston Basin, located in the United States. A distinguishing feature of Northern Oil and Gas is its unique non-operating model, where it does not operate the wells but rather invests in leasehold interests and royalties primarily across North Dakota and Montana. This strategic approach allows the company to leverage the expertise and operational efficiencies of established operators. By participating as a non-operator, the firm mitigates risk and capital exposure while focusing on optimizing cash flow and returns. Key sectors influenced by Northern Oil and Gas Inc. include energy production, petrochemical development, and natural resource management. In the landscape of the energy market, Northern Oil and Gas plays a crucial role in fueling energy demands while adapting to shifts in market dynamics and regulatory environments.

Dividend Overview

Dividend Yield

9.33%

Annual Dividend

$1.80

Frequency

Quarterly

Payout Ratio

461.54%

FCF Payout Ratio

87.61%

52-Week Range

$18.63 - $31.28

Dividend History (2016–2025)

NOG annual dividend per share and yield history

Earnings & Profitability

NOG earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

June 29, 2026

Next Payment Date

July 31, 2026

Dividend Growth

3-Year Dividend CAGR

26.94%

5-Year Dividend CAGR

N/A

10-Year Dividend CAGR

N/A

3-Year Total Growth

104.55%

5-Year Total Growth

N/A

10-Year Total Growth

N/A

Income Calculator

NOG Dividend Calculator

Total Investment

$1,974.00

Annual Income

$180.00

Quarterly Income

$45.00

Monthly Income

$15.00

Frequently Asked Questions

What is NOG's current dividend yield?
Northern Oil and Gas Inc. (NOG) currently has a dividend yield of 9.33%, based on a stock price of $19.74 and an annual dividend of $1.80.
When is NOG's next dividend payment date?
NOG's next ex-dividend date is 2026-06-29 and the next payment date is 2026-07-31. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does NOG pay in dividends per year?
Northern Oil and Gas Inc. paid $1.80 per share in annual dividends in 2025. The dividends are paid quarterly.
Has NOG been increasing its dividend?
Northern Oil and Gas Inc. has grown its dividend at a 5-year CAGR of —.
Is NOG's dividend safe?
Northern Oil and Gas Inc. has a payout ratio of 461.54%. Its free cash flow payout ratio is 87.61%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.
How is NOG's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Northern Oil and Gas Inc.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for energy companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.