Does Nokia (NOK) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Yes. Nokia (NOK) pays a dividend yielding about 1.78% as of August 2026, paid quarterly, four times a year. The latest payment on record was $0.0470 per share, ex-dividend July 29, 2025. The forward annual rate is roughly $0.16 per share, about $178 a year on a $10,000 position before tax. Figures are approximate and dated; verify the current number with your broker.
Does Nokia (NOK) pay a dividend?
Yes. Nokia distributes a dividend yielding roughly 1.78% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.0470 per share, with an ex-dividend date of July 29, 2025. Annualized, that is about $0.16 per share.
Nokia's trailing revenue is roughly $23 billion, and full-year 2025 operating profit was about EUR 2.0 billion. On reported (GAAP) earnings the P/E screens high, in the range of the 80s to 90s on a trailing basis, because restructuring charges and one-off items depress net income, so investors often look at comparable operating profit and free cash flow instead. The stock trades near the mid-single-digit dollars per ADS and pays a modest dividend.
NOK dividend at a glance
| 2025-07-29 | $0.047 |
| 2025-05-05 | $0.046 |
| 2025-02-04 | $0.031 |
| 2024-10-22 | $0.033 |
| 2024-07-23 | $0.032 |
| 2024-04-22 | $0.043 |
NOK dividend data as of August 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with NOK's investor relations page before relying on it.
Is the NOK dividend covered?
Nokia paid out about 118% of reported net income as dividends, which means the dividend was larger than accounting earnings over the period. That sounds alarming and sometimes is, but it is normal and expected for REITs, BDCs, and companies carrying large non-cash charges such as amortization, because those businesses are judged on cash measures (FFO, AFFO, or distributable net investment income) rather than GAAP net income. The useful check for NOK is whether the cash-flow measure covers the payout, not the earnings-based ratio.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the NOK dividend has changed
The latest payment of $0.0470 per share compares with $0.0320 in the equivalent payment a year earlier (July 23, 2024). That is a change of 46.9% over the year.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on NOK's investor relations page.
What NOK's dividend means for you
- Income: about $178 a year per $10,000 invested, before tax.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for NOK the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How NOK dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the NOK dividend
Nokia (NOK) pays about 1.78%, or roughly $0.16 per share a year. At that level the dividend is a modest supplement rather than the reason to own it: the case rests on total return. For the full picture see the NOK guide. Walnut can show how NOK fits your real portfolio. It is not an investment adviser.
Investing in Nokia with AI
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FAQ
Does Nokia (NOK) pay a dividend?
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Yes. Nokia pays a dividend yielding roughly 1.78% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.0470 per share with an ex-dividend date of July 29, 2025. That works out to a forward annual rate of about $0.16 per share. Yields move with the share price, so verify the current figure with your broker or NOK's investor relations page before relying on it.
What is NOK's dividend yield?
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About 1.78% as of August 2026. On a $10,000 position that is roughly $178 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so NOK yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does NOK pay its dividend?
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Nokia pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of July 29, 2025. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on NOK's investor relations page, because boards can change both the amount and the timing.
When is NOK's ex-dividend date?
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The ex-dividend date recorded in our August 2026 data pull is July 28, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check NOK's investor relations page for the next confirmed date.
Has Nokia raised its dividend recently?
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Yes. The latest payment of $0.0470 per share is above the $0.0320 paid in the same slot a year earlier, an increase of about 46.9%. One raise is not a policy, though: check the multi-year record on NOK's investor relations page, since a long streak of increases is what dividend-growth investors actually look for.
Is NOK's dividend safe?
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Nokia paid out about 118% of reported net income as dividends, which means the dividend was larger than accounting earnings over the period. That sounds alarming and sometimes is, but it is normal and expected for REITs, BDCs, and companies carrying large non-cash charges such as amortization, because those businesses are judged on cash measures (FFO, AFFO, or distributable net investment income) rather than GAAP net income. The useful check for NOK is whether the cash-flow measure covers the payout, not the earnings-based ratio. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
How much would I earn in dividends from a $10,000 position in NOK?
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At a yield of about 1.78%, roughly $178 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.
Are NOK dividends qualified for tax purposes?
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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest NOK dividends?
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Most brokers offer automatic reinvestment (a DRIP) that puts each NOK payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Does Nokia pay a dividend?
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Yes. Nokia pays a modest dividend, with a proposed authorization of about EUR 0.14 per share for 2026, typically distributed in installments. Because NOK is a US-listed ADS of a Finnish company, US holders may face currency conversion and Finnish withholding tax on payments.
Walnut is informational, not investment advice. Dividend figures on this page come from a August 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with NOK's investor relations page or your broker before acting on them.
Guides that feature NOK
NOK is one of the names covered in these guides. Each one puts the stock next to its peers so you can see where it fits rather than judging it alone.