About FREYR Battery (FREY) — Dividend Analysis 2026
FREYR Battery engages in the production and sale of battery cells for stationary energy storage, electric mobility, and marine applications in Europe and internationally. The company designs and manufactures lithium-ion based battery cell facilities. The company was founded in 2018 and is based in Luxembourg.
Is FREY a good dividend investment in 2026?
FREY offers a 130.72% forward yield with a 50% payout ratio. Strand Safety Score: 15/100 (Critical Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
FREY DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your FREY portfolio grows to $42.74M vs $140.7K without reinvestment. This is the compound interest effect in action.
FREY dividend growth history & forecast
FREY has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 130.72%.
FCF ($17M) is below dividends paid ($316M) — risk of cut (FCF: $17M · Dividends est.: $316M)
Debt Leverage0.0× Debt/EBITDA
0 / 30 pts
0/30
Company not generating EBITDA — debt servicing risk is elevated
Earnings Momentum-0.4B → -0.5B → -0.1B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
High risk of dividend cut — weak fundamentals across multiple factors.
STRAND SCORE
15
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 FREY Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold FREY.
Gross yield
130.72%
Tax rate
15.00%
After-tax yield
111.11%
Real yield (−CPI)
108.31%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
130.72%
127.92%
$13,072 / yr
🇺🇸 US Taxable (15%) ✓
15%
111.11%
108.31%
$11,111 / yr
🇺🇸 US Taxable (20%)
20%
104.58%
101.78%
$10,458 / yr
🇬🇧 UK ISA
0%
130.72%
127.92%
$13,072 / yr
🇬🇧 UK Taxable
8.75%
119.28%
116.48%
$11,928 / yr
🇨🇦 TFSA
0%
130.72%
127.92%
$13,072 / yr
🇨🇦 CA Taxable
25%
98.04%
95.24%
$9,804 / yr
🇦🇺 Super (pension)
15%
111.11%
108.31%
$11,111 / yr
🇦🇺 AU Taxable
30%
91.50%
88.70%
$9,150 / yr
🇩🇪 DE Taxable
26.375%
96.24%
93.44%
$9,624 / yr
🇫🇷 FR Taxable
30%
91.50%
88.70%
$9,150 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 FREY Income Goal & Break-Even
Dividend Break-Even
1yr
Years for dividends to fully repay your FREY investment of $1.53/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$17.57M
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$17.57M
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in FREY for:
Shares needed
14,118
Capital required
$21,601
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 FREY Dividend Payment Schedule
FREY pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 FREY vs Industrials Benchmarks
How FREY compares to typical Industrials averages.
Benchmark: Industrials
Dividend Yield▲+128.52% vs sectorBetter
FREY
130.72%
avg
2.20%
5Y Dividend CAGR▼-7.50% vs sectorBelow avg
FREY
0.00%
avg
7.50%
Payout Ratio▼+6.00% vs sectorBelow avg
FREY
50.00%
avg
44.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for FREY sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ FREY Insider Activity
No recent SEC filings reported in the last 90 days.
🎯
Analyst Price Target
Wall Street consensus
Current Price
$1.53
Analyst Target
$19.00
Upside / Downside
+1141.8%
Range
$13.00 – $25.00
💡 If FREY reaches the analyst target of $19.00, investors buying today at $1.53 would see an effective yield of 10.53% on shares purchased at target price — vs 130.72% at current price.
Analyst consensus price target via FMP. Not a guarantee of future performance. Past analyst accuracy varies.
🔬
Financial Health Scores
Altman Z-Score
-1.17
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
6/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the FREY dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →