Natural Grocers by Vitamin Cottage (NGVC) Dividend Coverage Ratio (2020 - 2026)
Natural Grocers by Vitamin Cottage's (NGVC) Dividend Coverage Ratio was 3.20 for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 23.9% from 4.21 a year earlier and down 17.6% from the prior quarter.
Natural Grocers by Vitamin Cottage (NGVC) Dividend Coverage Ratio (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Natural Grocers by Vitamin Cottage's Dividend Coverage Ratio came in at 3.63, down 12.4% year-over-year; for FY2025 (ended Sep 30, 2025), it was 4.22, up 296.2% from FY2024.
- By fiscal year, Dividend Coverage Ratio came in at 1.06 in FY2024 (-58.4%), 2.56 in FY2023 (+8.5%), 2.36 in FY2022 (+489.1%) and 0.40 in FY2021 (-87.4%).
- The fiscal Q3 2026 figure ranks as the lowest quarterly Dividend Coverage Ratio since fiscal Q1 2024.
- Year over year, Dividend Coverage Ratio has now declined in each of the last three quarters, with growth averaging 7.2% over the last seven quarters.
- The high point for year-over-year Dividend Coverage Ratio in five years was fiscal Q4 2023 (growth of 171.9%); the low point was fiscal Q1 2024 (a decline of 84.0%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 3.89 (Q2 2026), 3.28 (Q1 2026) and 4.28 (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 847.32 Bn | 810.03 Bn | 49.13 Bn | 3.23 |
| 2 | Costco Wholesale | 410.07 Bn | 339.37 Bn | 9.01 Bn | - |
| 3 | Sysco | 37.60 Bn | 31.85 Bn | 4.13 Bn | 2.13 |
| 4 | Kroger | 35.90 Bn | 22.05 Bn | 7.86 Bn | - |
| 5 | Dollar General | 27.06 Bn | 21.73 Bn | 3.68 Bn | 4.23 |
| 6 | Caseys General Stores | 22.17 Bn | 20.17 Bn | 1.24 Bn | - |
| 7 | Dollar Tree | 21.26 Bn | 17.89 Bn | 2.10 Bn | - |
| 8 | US Foods Holding | 20.27 Bn | 20.07 Bn | 1.92 Bn | - |
| 9 | Tractor Supply | 16.44 Bn | 15.61 Bn | 1.68 Bn | - |
| 10 | Natural Grocers by Vitamin Cottage | 700.36 Mn | 621.85 Mn | 98.01 Mn | 3.20 |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.20 |
| Mar 31, 2026 | 3.89 |
| Dec 31, 2025 | 3.28 |
| Sep 30, 2025 | 4.28 |
| Jun 30, 2025 | 4.21 |
| Mar 31, 2025 | 4.76 |
| Dec 31, 2024 | 3.62 |
| Sep 30, 2024 | 3.95 |
| Jun 30, 2024 | 4.04 |
| Mar 31, 2024 | 3.49 |
| Dec 31, 2023 | 0.31 |
| Sep 30, 2023 | 2.59 |
| Jun 30, 2023 | 3.11 |
| Mar 31, 2023 | 2.59 |
| Dec 31, 2022 | 1.94 |
| Sep 30, 2022 | 0.95 |
| Jun 30, 2022 | 1.73 |
| Mar 31, 2022 | 2.80 |
| Dec 31, 2021 | 3.94 |
| Sep 30, 2021 | 4.56 |
Natural Grocers by Vitamin Cottage Dividend Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=NGVC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-ratio", "ticker": "NGVC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=NGVC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();