NetApp (NTAP) Dividend Coverage Ratio (2013 - 2026)
NetApp (NTAP) posted Dividend Coverage Ratio of 3.68 for Q3 2026, up 11.05% on a QoQ basis from 3.31 in Q2 2026, and up 64.1% year-over-year from 2.24 in Q3 2025.
Analysis
NetApp (NTAP) Dividend Coverage Ratio (2013 - 2026) Analysis & Trends
NetApp has reported Dividend Coverage Ratio for 14 years, with the latest figure at 3.68 in Q3 2026.
- On a quarterly basis, Dividend Coverage Ratio rose 64.1% year-over-year to 3.68 in Q3 2026; TTM through Jul 2026 was 3.3, a 29.6% increase from a year earlier, with the FY2026 full-year figure at 2.94, up 14.67% from the prior year.
- Dividend Coverage Ratio was 3.68 for Q3 2026 at NetApp, up from 3.31 in the prior quarter.
- The five-year high for Dividend Coverage Ratio was 6.94 in Q4 2022, with the low at 3.41 in Q2 2023.
- Average Dividend Coverage Ratio over 5 years is 2.35, with a median of 2.32 recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Dividend Coverage Ratio plunged 428.72% in 2023, then soared 404.91% in 2024.
- Over 5 years, Dividend Coverage Ratio stood at 6.94 in 2022, then tumbled by 67.43% to 2.26 in 2023, then increased by 24.69% to 2.82 in 2024, then climbed by 4.98% to 2.96 in 2025, then increased by 24.16% to 3.68 in 2026.
- The last three Dividend Coverage Ratio figures came in at 3.68 (Q3 2026), 3.31 (Q2 2026), and 3.24 (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 340.03 Bn | 328.45 Bn | 7.78 Bn | 7.41 |
| 2 | Sandisk | 254.04 Bn | 249.28 Bn | 7.58 Bn | - |
| 3 | Arista Networks | 244.37 Bn | 231.03 Bn | 1.91 Bn | - |
| 4 | Seagate Technology Holdings | 192.61 Bn | 190.91 Bn | 1.90 Bn | 7.80 |
| 5 | Western Digital | 168.75 Bn | 167.17 Bn | 2.03 Bn | 59.17 |
| 6 | Hewlett Packard Enterprise | 69.08 Bn | 62.86 Bn | 4.93 Bn | 7.99 |
| 7 | NetApp | 36.45 Bn | 32.88 Bn | 1.42 Bn | 3.68 |
| 8 | Everpure | 33.13 Bn | 32.12 Bn | 811.39 Mn | - |
| 9 | Super Micro Computer | 26.01 Bn | 18.48 Bn | 1.94 Bn | - |
| 10 | Penguin Solutions | 2.65 Bn | 2.41 Bn | 133.21 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 3.68 |
| Apr 24, 2026 | 3.31 |
| Jan 23, 2026 | 3.24 |
| Oct 24, 2025 | 2.96 |
| Jul 25, 2025 | 2.24 |
| Apr 25, 2025 | 2.29 |
| Jan 24, 2025 | 2.82 |
| Oct 25, 2024 | 2.82 |
| Jul 26, 2024 | 2.32 |
| Apr 26, 2024 | 2.80 |
| Jan 26, 2024 | 3.04 |
| Oct 27, 2023 | 2.26 |
| Jul 28, 2023 | 1.41 |
| Apr 28, 2023 | -3.41 |
| Jan 27, 2023 | 0.60 |
| Oct 28, 2022 | 6.94 |
| Jul 29, 2022 | 1.95 |
| Apr 29, 2022 | 1.04 |
| Jan 28, 2022 | 2.27 |
| Oct 29, 2021 | 2.00 |