Back to Dividend Stocks
Vår Energi ASA (VAR.OL) logo

Vår Energi ASA

EURO STOXX 600
VAR.OL|Energy|Oil & Gas E&P||P/E 17.7|MCap 79.3B|Oslo Bors

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

56/ 100Caution

VAR.OL's dividend shows some areas that warrant monitoring. Strengths include a 23.5% cfo payout ratio & 30.0x interest coverage. Areas of concern: 180.1% earnings payout ratio & 101.4% fcf payout ratio.

Based on 14 of 15 metrics

Strengths

  • CFO Payout Ratio: 23.5%Operating cash flow strongly supports the payout.
  • Interest Coverage: 30.0xEarnings cover interest payments many times over.
  • Return on Equity: 97.5%Strong return on equity reflects efficient profit generation.

Risks

  • Earnings Payout Ratio: 180.1%High earnings payout ratio leaves little safety margin.
  • FCF Payout Ratio: 101.4%Free cash flow is tight relative to the dividend.
  • Current Ratio: 0.6xLimited short-term liquidity to meet obligations.

Payout & Coverage

Caution
Earnings Payout Ratio
180.1%Danger
FCF Payout Ratio
101.4%Danger
CFO Payout Ratio
23.5%Very Safe
Interest Coverage
30.0xVery Safe

Balance Sheet

Warning
Net Debt / Total Assets
21.1%Safe
Current Ratio
0.6xDanger
Debt-to-Equity
1081.6Danger

Profitability

Safe
Return on Equity
97.5%Very Safe
Operating Margin
48.9%Very Safe
Gross Margin
53.8%Very Safe
Profit Margin Stability
VolatileWarning

Dividend Track Record

Safe
Dividend Streak
4+ yrsCaution
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
N/AN/A
Earnings Stability
Mostly StableCaution

About Vår Energi ASA

Vår Energi ASA is a leading independent upstream oil and gas company operating on the Norwegian Continental Shelf. It specializes in the exploration, development, and production of crude oil, natural gas liquids, and natural gas, with equity stakes in around 50 percent of all producing assets across the four main NCS hubs. The company manages 42 producing fields and holds approximately 200 licenses, focusing on ongoing development projects and a strong exploration program to deliver reliable and affordable energy supplies to Europe, where it ranks as one of Norway's largest gas exporters. Vår Energi ASA maintains a flexible and resilient portfolio designed for sustained value creation through safe and responsible operations, emphasizing low-cost production and minimal emissions. With around 1,400 employees based offshore and in offices in Hammerfest, Florø, Oslo, and Forus outside Stavanger, it plays a vital role in Norway's energy sector, supporting local communities and stakeholders. Headquartered in Sandnes, Norway, and founded in 2018, Vår Energi ASA remains a key pure-play operator committed to energy security.

Dividend Overview

Dividend Yield

11.03%

Annual Dividend

NOK 4.89

Frequency

Quarterly

Payout Ratio

180.05%

FCF Payout Ratio

101.42%

Stock Price

52-Week Range

NOK 26.81 NOK 50.30

Dividend History (2016–2025)

VAR.OL annual dividend per share and yield history

Earnings & Profitability

VAR.OL earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

February 3, 2026

Next Payment Date

Dividend Growth

3-Year Dividend CAGR

33.72%

5-Year Dividend CAGR

N/A

10-Year Dividend CAGR

N/A

3-Year Total Growth

139.11%

5-Year Total Growth

N/A

10-Year Total Growth

N/A

Income Calculator

VAR.OL Dividend Calculator

Total Investment

NOK 0.00

Annual Income

NOK 488.70

Quarterly Income

NOK 122.17

Monthly Income

NOK 40.72

Similar Dividend Stocks

StockYield5Y CAGRPrice
Vår Energi ASA (VAR.OL) logo
VAR.OL
11.03%
Aker BP ASA (AKRBP.OL) logo
AKRBP.OL
7.67%23.04%
Frontline plc (FRO.OL) logo
FRO.OL
4.54%-10.27%
Subsea 7 S.A. (SUBC.OL) logo
SUBC.OL
2.11%N/A

Frequently Asked Questions

What is VAR.OL's current dividend yield?
Vår Energi ASA (VAR.OL) currently has a dividend yield of 11.03%, based on a stock price of — and an annual dividend of NOK 4.89.
When is VAR.OL's next dividend payment date?
VAR.OL's next ex-dividend date is 2026-02-03 and the next payment date is —. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does VAR.OL pay in dividends per year?
Vår Energi ASA paid NOK 4.89 per share in annual dividends in 2025. The dividends are paid quarterly.
Has VAR.OL been increasing its dividend?
Vår Energi ASA has grown its dividend at a 5-year CAGR of —.
Is VAR.OL's dividend safe?
Vår Energi ASA has a payout ratio of 180.05%. Its free cash flow payout ratio is 101.42%. 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 VAR.OL's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Vår Energi 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 energy companies. The overall score ranges from 0 to 100.

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

Track VAR.OL Dividends with OnlyDividends

What will VAR.OL actually pay you after taxes? Track every payout, get notified on payment dates, and stop guessing.

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.