Trailing Dividend / Share
$0.66
Independence Realty Trust, Inc. (IRT) Dividend History
Income profile from 2013 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
4.0%
Payout Ratio
2.7%
Sustainable
Dividend Streak
4 years
IRT Dividend Income Check
Safety
2.7% payout ratio with sustainable safety profile.
Consistency
4 straight years of dividend increases.
Income Trend
Yield on cost is 5.1% and trend is rising.
IRT Dividend Scorecard
Yield & Income
Dividend Yield4.0%
Trailing DPS$0.66
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout2.7%
Earnings SafetySustainable
FCF Payout111.2%
FCF SafetyStretched
Piotroski F-Score6/9
Growth
Growth Streak4 years
3Y CAGR7.5%
5Y CAGR4.4%
Yield on Cost (5Y)5.1%
YOC Trendrising
Total Returns
Buyback Yield0.8%
Total Shareholder Yield4.8%
1Y Total Return-11.9%
5Y Total Return17.8%
Div Contribution (5Y)18.2%
Estimated $10K growth (return + dividends):
5Y ago$11,77510Y ago$29,17620Y ago$29,132
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
IRT Income Growth Story
Dividend per share and yield on cost over time (14 years of payments)
IRT Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Independence Realty Trust, Inc. distributes 2.7% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 111.2%, rated "Stretched".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
IRT has raised its dividend for 4 consecutive years, with a 3-year CAGR of 7.5% and 5-year CAGR of 4.4%.
Total Shareholder Returns
Beyond cash dividends, IRT returns capital through share repurchases. The combined picture: 4.0% dividend yield, 0.8% buyback yield, 4.8% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 5.1% and is currently rising. The 5-year total return is 17.8%, with dividends contributing 18.2% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $29,176 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
IRT Recent Dividend Payments
Last 20 payments · Annual
TTM Total$2.88
Avg/Payment$0.1440
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 27, 2026Latest | $0.1700 | — | 4.61% | Apr 17, 2026 |
| Dec 31, 2025 | $0.1700 | — | 3.83% | Jan 23, 2026 |
| Sep 30, 2025 | $0.1700 | — | 4.03% | Oct 24, 2025 |
| Jun 27, 2025 | $0.1700 | ↑ +6.3% | 3.70% | Jul 18, 2025 |
| Mar 28, 2025 | $0.1600 | — | 3.07% | Apr 21, 2025 |
| Dec 31, 2024 | $0.1600 | — | 3.23% | Jan 17, 2025 |
| Sep 30, 2024 | $0.1600 | — | 3.12% | Oct 18, 2024 |
| Jun 28, 2024 | $0.1600 | — | 3.42% | Jul 19, 2024 |
IRT Dividend vs Peers
Comparable companies in the same industry
#8 yield in peer group
Div Yield
4.0%
#8 of 9
Safety
Sustainable
2.7% payout
Streak
4Y
4.4% 5Y CAGR
Total Shareholder
4.8%
#9 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| IRTIndependence Realty … | $3.9B | 4.0% | 2.7% | 4 | Sustainable |
3rd  NMRNomura Holdings, Inc… | $22.9B | 4.8% | 49.6% | 3 | Sustainable |
 MAAMid-America Apartmen… | $15.2B | 4.6% | 1.6% | 14 | Sustainable |
 CPTCamden Property Trus… | $10.9B | 4.1% | 1.2% | 4 | Sustainable |
 UDRUDR, Inc. | $12.0B | 4.6% | 1.5% | 15 | Sustainable |
1st  AIVApartment Investment… | $604M | 68.4% | — | 1 | Unknown |
2nd  NXRTNexPoint Residential… | $756M | 7.1% | — | 12 | Unknown |
 EQREquity Residential | $24.7B | 4.1% | 93.4% | 8 | At Risk |
 AVBAvalonBay Communitie… | $25.8B | 3.8% | 94.3% | 3 | At Risk |
IRT Annual Dividend History (2010–2026)
17 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.17 | — | 1 | — | — | — | 1.3% |
| 2025 | $0.67 | 4.7% | 4 | $0.24 | 279.2% | 0.36x | 5.1% |
| 2024 | $0.64 | 3.2% | 4 | $0.17 | 376.5% | 0.27x | 4.9% |
| 2023 | $0.62 | 14.8% | 4 | $-0.08 | — | — | 4.8% |
| 2022 | $0.54 | 12.5% | 4 | $0.15 | 360.0% | 0.28x | 4.1% |
| 2021 | $0.48 | -11.1% | 5 | $0.07 | 643.4% | 0.16x | 3.7% |
| 2020 | $0.54 | -25.0% | 4 | $-0.23 | — | — | 4.1% |
| 2019 | $0.72 | 0.0% | 4 | $0.07 | 975.6% | 0.10x | 5.5% |
| 2018 | $0.72 | -0.0% | 4 | $0.30 | 240.0% | 0.42x | 5.5% |
| 2017 | $0.72 | 0.0% | 12 | $0.41 | 175.6% | 0.57x | 5.5% |
See IRT's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonIRT — Frequently Asked Questions
Quick answers to the most common questions about buying IRT stock.
How much dividend does IRT pay per share?
Independence Realty Trust, Inc. (IRT) pays a trailing 12-month dividend of $0.66 per share, with a current dividend yield of +4.0%. Payments are made Annual.
When is IRT's next ex-dividend date?
IRT's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. IRT typically pays dividends Annual.
Is IRT's dividend safe?
IRT's dividend safety is rated "Sustainable" based on an earnings payout ratio of +2.7% and FCF payout ratio of +111.2%. The 4-year growth streak provides moderate confidence.
Is IRT a Dividend Payer?
Yes, Independence Realty Trust, Inc. is classified as a Dividend Payer with 4 consecutive years of dividend increases. The 5-year dividend CAGR is +4.4%, demonstrating modest dividend growth.
How often does IRT pay dividends?
Independence Realty Trust, Inc. pays dividends Annual. The trailing 12-month total is $0.66 per share. Dividend data on this page covers 13+ years from 2013 to 2026.
How much would $10,000 invested in IRT grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in IRT five years ago would be worth approximately $11,775 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is IRT's yield on cost for long-term holders?
IRT's yield on cost — the current dividend divided by the original purchase price — is +5.1% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +4.0% market yield, thanks to consistent dividend growth.