About Northern Ocean Ltd. (NTNOF) — Dividend Analysis 2026
Northern Ocean Ltd., a drilling contractor, provides offshore contract drilling services for the oil and gas industry worldwide. The company was incorporated in 2017 and is based in Hamilton, Bermuda.
Is NTNOF a good dividend investment in 2026?
NTNOF offers a 333.33% forward yield with a 50% payout ratio. Strand Safety Score: 45/100 (Moderate Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
NTNOF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your NTNOF portfolio grows to $614050.28M vs $337.3K without reinvestment. This is the compound interest effect in action.
NTNOF dividend growth history & forecast
NTNOF has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 333.33%.
Company generates negative FCF ($-53M) — borrowing to pay dividends
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum-0.1B → -0.1B → -0.1B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
45
/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.
🌍 NTNOF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold NTNOF.
Gross yield
333.33%
Tax rate
15.00%
After-tax yield
283.33%
Real yield (−CPI)
280.53%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
333.33%
330.53%
$33,333 / yr
🇺🇸 US Taxable (15%) ✓
15%
283.33%
280.53%
$28,333 / yr
🇺🇸 US Taxable (20%)
20%
266.66%
263.86%
$26,666 / yr
🇬🇧 UK ISA
0%
333.33%
330.53%
$33,333 / yr
🇬🇧 UK Taxable
8.75%
304.16%
301.36%
$30,416 / yr
🇨🇦 TFSA
0%
333.33%
330.53%
$33,333 / yr
🇨🇦 CA Taxable
25%
250.00%
247.20%
$25,000 / yr
🇦🇺 Super (pension)
15%
283.33%
280.53%
$28,333 / yr
🇦🇺 AU Taxable
30%
233.33%
230.53%
$23,333 / yr
🇩🇪 DE Taxable
26.375%
245.41%
242.61%
$24,541 / yr
🇫🇷 FR Taxable
30%
233.33%
230.53%
$23,333 / 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.
🎯 NTNOF Income Goal & Break-Even
Dividend Break-Even
1yr
Years for dividends to fully repay your NTNOF investment of $0.60/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$160663.50M
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$160663.50M
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in NTNOF for:
Shares needed
14,118
Capital required
$8,471
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 NTNOF Dividend Payment Schedule
NTNOF 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
📊 NTNOF vs Energy Benchmarks
How NTNOF compares to typical Energy averages.
Benchmark: Energy
Dividend Yield▲+328.73% vs sectorBetter
NTNOF
333.33%
avg
4.60%
5Y Dividend CAGR▼-5.80% vs sectorBelow avg
NTNOF
0.00%
avg
5.80%
Payout Ratio▲-2.00% vs sectorBetter
NTNOF
50.00%
avg
52.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for NTNOF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ NTNOF Insider Activity
No recent SEC filings reported in the last 90 days.
📊 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 NTNOF 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 →