ATLASBest Dividend Stocks in Norway (October 2026)
ATLAS screened 129 listed companies in Norway. 31 pass the dividend filters: a yield between 1% and 15%, positive earnings and a payout of no more than 100% of profit. Their median yield is 4.45%. The table ranks the top 25 by yield and shows, next to each, how far the price sits from ATLAS fair value and the model probability of a higher close in a month.
Data as of Oct 30, 2026. Prices and ratios are the latest stored close; this page refreshes at least every 6 hours.
| # | Company | Price | Dividend yield |
|---|---|---|---|
| 1 | ABG.OLABG Sundal Collier | NOK 7.21 | 7.61% |
| 2 | NAS.OLNorwegian Air Shuttle | NOK 11.48 | 7.16% |
| 3 | SNTIA.OLSentia | NOK 84.40 | 6.62% |
| 4 | MORG.OLSparebanken Møre | NOK 109.62 | 6.60% |
| 5 | SPOL.OLSpareBank 1 Østlandet | NOK 201.85 | 6.39% |
| 6 | MING.OLSparebank 1 SMN | NOK 217.35 | 6.34% |
| 7 | BOUV.OLBouvet | NOK 51.70 | 6.15% |
| 8 | SBNOR.OLSparebanken Vest | NOK 205.25 | 5.98% |
| 9 | DNB.OLDnB | NOK 320.20 | 5.90% |
| 10 | VEI.OLVeidekke | NOK 210.50 | 5.51% |
| 11 | SB1NO.OLSpareBank 1 Sør-Norge | NOK 232.00 | 5.41% |
| 12 | PROT.OLProtector Forsikring | NOK 446.20 | 4.97% |
| 13 | NONG.OLSparebank 1 Nord-Norge | NOK 180.30 | 4.85% |
| 14 | NORCO.OLNorconsult | NOK 38.60 | 4.84% |
| 15 | EPR.OLEuropris | NOK 83.00 | 4.49% |
| 16 | NHY.OLNorsk Hydro | NOK 68.44 | 4.45% |
| 17 | HELG.OLHelgeland Sparebank | NOK 170.00 | 4.38% |
| 18 | ORK.OLOrkla | NOK 96.85 | 4.20% |
| 19 | GJF.OLGjensidige Forsikring | NOK 261.20 | 3.85% |
| 20 | MULTI.OLMulticonsult AS | NOK 136.60 | 3.75% |
| 21 | AFG.OLAF Gruppen | NOK 194.20 | 3.50% |
| 22 | NORBT.OLNorbit | NOK 167.30 | 3.10% |
| 23 | BONHR.OLBonheur | NOK 254.00 | 2.96% |
| 24 | SATS.OLSats | NOK 43.90 | 2.94% |
| 25 | STB.OLStorebrand | NOK 195.10 | 2.82% |
Fair value gap: a negative number means the price is below ATLAS fair value. "Chance up" is the probability of a higher close in 21 trading sessions (about a month) in ATLAS's calibrated model.
The top 10 in a sentence
- ABG Sundal Collier (ABG.OL) yields 7.61% at today's price with a P/E of 9.8, which means roughly 75% of earnings goes to dividends. ATLAS puts it close to its fair value. ATLAS gives it a 55% chance of closing higher in a month.
- Norwegian Air Shuttle (NAS.OL) yields 7.16% at today's price with a P/E of 7.5, which means roughly 54% of earnings goes to dividends. It trades 12% above ATLAS fair value. ATLAS gives it a 51% chance of closing higher in a month.
- Sentia (SNTIA.OL) yields 6.62% at today's price with a P/E of 13.1, which means roughly 87% of earnings goes to dividends. That is a high payout, so there is less room to raise the dividend if profits dip. ATLAS puts it 42% below its fair value. ATLAS gives it a 52% chance of closing higher in a month.
- Sparebanken Møre (MORG.OL) yields 6.60% at today's price with a P/E of 10.9, which means roughly 72% of earnings goes to dividends. ATLAS puts it 61% below its fair value. ATLAS gives it a 53% chance of closing higher in a month.
- SpareBank 1 Østlandet (SPOL.OL) yields 6.39% at today's price with a P/E of 11.4, which means roughly 73% of earnings goes to dividends. ATLAS puts it 38% below its fair value. ATLAS gives it a 54% chance of closing higher in a month.
- Sparebank 1 SMN (MING.OL) yields 6.34% at today's price with a P/E of 11.6, which means roughly 73% of earnings goes to dividends. ATLAS puts it 40% below its fair value. ATLAS gives it a 53% chance of closing higher in a month.
- Bouvet (BOUV.OL) yields 6.15% at today's price with a P/E of 15.5, which means roughly 95% of earnings goes to dividends. That is a high payout, so there is less room to raise the dividend if profits dip. ATLAS puts it 19% below its fair value. ATLAS gives it a 50% chance of closing higher in a month.
- Sparebanken Vest (SBNOR.OL) yields 5.98% at today's price with a P/E of 9.1, which means roughly 54% of earnings goes to dividends. ATLAS puts it 65% below its fair value. ATLAS gives it a 53% chance of closing higher in a month.
- DnB (DNB.OL) yields 5.90% at today's price with a P/E of 11.1, which means roughly 66% of earnings goes to dividends. ATLAS puts it 24% below its fair value. ATLAS gives it a 55% chance of closing higher in a month.
- Veidekke (VEI.OL) yields 5.51% at today's price with a P/E of 16.6, which means roughly 92% of earnings goes to dividends. That is a high payout, so there is less room to raise the dividend if profits dip. ATLAS puts it 24% below its fair value. ATLAS gives it a 53% chance of closing higher in a month.
How ATLAS ranks dividend stocks in Norway
Yield is the dividends paid over the last twelve months divided by today's price, taken from stored company data. We keep companies with a market value above USD 300 million and enough trading volume, a yield between 1% and 15% (above that the market is usually pricing in a cut), a positive profit margin and a positive P/E.
The payout check is simple: yield multiplied by P/E approximates the share of earnings paid out. Anything above 100% is dropped, because a dividend that exceeds what the company earns is hard to keep. What is left is sorted by yield.
Limits: a high yield can also mean a falling price. Yields are trailing figures, not promises, and companies can cut or skip dividends. Withholding tax, currency effects and your own tax situation are not included. The probability of a higher close comes from ATLAS's calibrated one-month model, which gives most stocks a figure close to 50%, so do not read it as a forecast. This is information, not investment advice.
Frequently asked questions
What are the best dividend stocks in Norway?
Of 31 companies that pass ATLAS dividend filters in Norway, the highest yields in October 2026 belong to ABG Sundal Collier, Norwegian Air Shuttle, and Sentia. The top of the table yields 7.61% and the 25 listed go down to 2.82%. A higher yield is not automatically better: check the payout and whether the price is above fair value.
How does ATLAS pick dividend stocks?
It starts from every published company in Norway (129), keeps those with a yield between 1% and 15%, positive earnings and a payout under 100%, and ranks them by yield. Fair value and probability are shown for context and do not change the order.
Is a high dividend yield safe?
Not necessarily. Yield rises when the price falls, so a very high figure can signal that investors expect a cut. That is why ATLAS caps the yield at 15% and drops payouts above 100% of profit. Even so, dividends are never guaranteed.
What is the typical dividend yield in Norway?
Among the 31 companies that pass the filters the median yield is 4.45%, with a median P/E of 13.3. 12 of them are in Financial Services, the most represented sector.
How often is this list updated?
Prices, ratios and fair values come from ATLAS's stored data, refreshed every day, and this page is rebuilt at least every 6 hours. The month in the title follows the date of the data.
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Information only, not investment advice. ATLAS estimates come from statistical models using public data; they can be wrong, and past results do not guarantee future ones. Disclaimer