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Telenor ASA

EURO STOXX 600
TEL.OL|Communication Services|Telecom Services||P/E 12.6|MCap 199.7B|Oslo Bors

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

65/ 100Safe

TEL.OL's dividend appears safe and well-supported. Strengths include a 6.0x interest coverage & 1.6x current ratio. Areas of concern: 80.1% cfo payout ratio & Volatile profit margin stability.

Based on 15 of 15 metrics

Strengths

  • Operating Margin: 73.5%Healthy operating margin provides a wide buffer.
  • Gross Margin: 78.0%High gross margin signals strong pricing power.
  • Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.

Risks

  • CFO Payout Ratio: 80.1%Operating cash flow leaves little room for the payout.
  • Profit Margin Stability: VolatileProfit margins have been volatile.
  • 5-Year Dividend CAGR: 2.0%Dividend growth has been weak or negative.

Payout & Coverage

Caution
Earnings Payout Ratio
78.2%Caution
FCF Payout Ratio
78.3%Caution
CFO Payout Ratio
80.1%Warning
Interest Coverage
6.0xSafe

Balance Sheet

Safe
Net Debt / Total Assets
38.0%Caution
Current Ratio
1.6xSafe
Debt-to-Equity
134.7Safe

Profitability

Safe
Return on Equity
9.3%Caution
Operating Margin
73.5%Very Safe
Gross Margin
78.0%Very Safe
Profit Margin Stability
VolatileWarning

Dividend Track Record

Safe
Dividend Streak
11+ yrsVery Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
2.0%Warning
Earnings Stability
StableSafe

About Telenor ASA

Telenor ASA is a Norwegian majority state-owned multinational telecommunications company headquartered in Fornebu, near Oslo. Founded in 1855, it operates worldwide through four key segments: Nordics, Asia, Infrastructure, and Amp, delivering mobile, broadband, and TV services to millions of customers. In the Nordics, encompassing Norway, Sweden, Denmark, and Finland via DNA, Telenor ASA holds a dominant position in mobile telephony, fixed broadband, internet access, and cable TV distribution under the Allente brand, alongside maritime communication through Telenor Kystradio for industries like fisheries and oil and gas. Its Asian operations include major stakes in Grameenphone (Bangladesh), CelcomDigi (Malaysia), and others in Pakistan and Thailand, focusing on emerging markets. Telenor ASA also excels in enterprise solutions such as IoT via Telenor IoT, managed services, virtual private networks, cloud storage, and cybersecurity through Telenor Cyberdefence, while providing wholesale roaming, interconnect, and hardware like mobile phones and modems. With around 10,867 employees, it plays a pivotal role in global connectivity, infrastructure refinement, and adjacent technologies, maintaining a strong presence in Scandinavia and Asia.

Dividend Overview

Dividend Yield

6.22%

Annual Dividend

NOK 9.60

Frequency

Semi-Annual

Payout Ratio

78.18%

FCF Payout Ratio

78.35%

Stock Price

52-Week Range

NOK 134.70 NOK 178.70

Dividend History (2016–2025)

TEL.OL annual dividend per share and yield history

Earnings & Profitability

TEL.OL earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

May 20, 2026

Next Payment Date

Dividend Growth

3-Year Dividend CAGR

1.06%

5-Year Dividend CAGR

1.99%

10-Year Dividend CAGR

2.78%

3-Year Total Growth

3.23%

5-Year Total Growth

10.34%

10-Year Total Growth

31.51%

Income Calculator

TEL.OL Dividend Calculator

Total Investment

NOK 0.00

Annual Income

NOK 960.00

Quarterly Income

NOK 240.00

Monthly Income

NOK 80.00

Frequently Asked Questions

What is TEL.OL's current dividend yield?
Telenor ASA (TEL.OL) currently has a dividend yield of 6.22%, based on a stock price of — and an annual dividend of NOK 9.60.
When is TEL.OL's next dividend payment date?
TEL.OL's next ex-dividend date is 2026-05-20 and the next payment date is —. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does TEL.OL pay in dividends per year?
Telenor ASA paid NOK 9.60 per share in annual dividends in 2025. The dividends are paid semi-annual.
Has TEL.OL been increasing its dividend?
Telenor ASA has grown its dividend at a 5-year CAGR of 1.99% and a 10-year CAGR of 2.78%.
Is TEL.OL's dividend safe?
Telenor ASA has a payout ratio of 78.18%. Its free cash flow payout ratio is 78.35%. The payout ratio is moderate. Monitor earnings to ensure sustainability.
How is TEL.OL's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Telenor ASA'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 communication services companies. The overall score ranges from 0 to 100.

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

Track TEL.OL Dividends with OnlyDividends

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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.