Trailing Dividend / Share
$2.36
NNN REIT, Inc. (NNN) Dividend History
Income profile from 1985 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
5.3%
Payout Ratio
1.1%
Sustainable
Dividend Streak
35 years
NNN Dividend Income Check
Safety
1.1% payout ratio with sustainable safety profile.
Consistency
35 straight years of dividend increases.
Income Trend
Yield on cost is 6.0% and trend is rising.
NNN Dividend Scorecard
Yield & Income
Dividend Yield5.3%
Trailing DPS$2.36
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout1.1%
Earnings SafetySustainable
FCF Payout96.7%
FCF SafetyStretched
Piotroski F-Score4/9
Growth
Growth Streak35 years
3Y CAGR3.0%
5Y CAGR2.7%
Yield on Cost (5Y)6.0%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield5.3%
1Y Total Return10.7%
5Y Total Return18.5%
Div Contribution (5Y)24.0%
Estimated $10K growth (return + dividends):
5Y ago$11,85110Y ago$14,06220Y ago$38,285
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.
NNN Income Growth Story
Dividend per share and yield on cost over time (42 years of payments)
NNN Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
NNN REIT, Inc. distributes 1.1% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 96.7%, rated "Stretched".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
NNN has raised its dividend for 35 consecutive years, with a 3-year CAGR of 3.0% and 5-year CAGR of 2.7%.
Total Shareholder Returns
Beyond cash dividends, NNN returns capital through share repurchases. The combined picture: 5.3% dividend yield, 5.3% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 6.0% and is currently rising. The 5-year total return is 18.5%, with dividends contributing 24.0% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $14,062 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
NNN Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$11.30
Avg/Payment$0.5650
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Apr 30, 2026Latest | $0.6000 | — | 5.48% | May 15, 2026 |
| Jan 30, 2026 | $0.6000 | — | 5.71% | Feb 13, 2026 |
| Oct 31, 2025 | $0.6000 | — | 5.83% | Nov 14, 2025 |
| Jul 31, 2025 | $0.6000 | ↑ +3.4% | 5.67% | Aug 15, 2025 |
| Apr 30, 2025 | $0.5800 | — | 5.64% | May 15, 2025 |
| Jan 31, 2025 | $0.5800 | — | 5.85% | Feb 14, 2025 |
| Oct 31, 2024 | $0.5800 | — | 5.27% | Nov 15, 2024 |
| Jul 31, 2024 | $0.5800 | ↑ +2.7% | 5.07% | Aug 15, 2024 |
NNN Dividend vs Peers
Comparable companies in the same industry
#3 yield in peer group
Div Yield
5.3%
#3 of 8
Safety
Sustainable
1.1% payout
Streak
35Y
2.7% 5Y CAGR
Total Shareholder
5.3%
#3 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
3rd NNNNNN REIT, Inc. | $8.4B | 5.3% | 1.1% | 35 | Sustainable |
 ADCAgree Realty Corpora… | $9.1B | 4.0% | 1.7% | 3 | Sustainable |
 EPRTEssential Properties… | $6.7B | 3.7% | 92.5% | 7 | At Risk |
 WPCW. P. Carey Inc. | $16.0B | 4.9% | 1.7% | 1 | Sustainable |
 NTSTNETSTREIT Corp. | $1.7B | 4.1% | — | 0 | Unknown |
1st  GTYGetty Realty Corp. | $2.0B | 5.8% | 1.4% | 8 | Sustainable |
2nd  FCPTFour Corners Propert… | $2.8B | 5.6% | 1.3% | 8 | Sustainable |
 PINEAlpine Income Proper… | $279M | 0.2% | — | 0 | Unknown |
NNN Annual Dividend History (1985–2026)
42 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.20 | — | 2 | — | — | — | 3.0% |
| 2025 | $2.36 | 3.1% | 4 | $2.07 | 114.0% | 0.88x | 6.0% |
| 2024 | $2.29 | 2.7% | 4 | $2.15 | 106.5% | 0.94x | 5.8% |
| 2023 | $2.23 | 3.2% | 4 | $2.16 | 103.2% | 0.97x | 5.7% |
| 2022 | $2.16 | 2.9% | 4 | $1.89 | 114.3% | 0.87x | 5.5% |
| 2021 | $2.10 | 1.4% | 4 | $1.51 | 139.1% | 0.72x | 5.3% |
| 2020 | $2.07 | 2.0% | 4 | $1.22 | 169.7% | 0.59x | 5.3% |
| 2019 | $2.03 | 4.1% | 4 | $1.56 | 130.1% | 0.77x | 5.2% |
| 2018 | $1.95 | 4.8% | 4 | $1.65 | 118.2% | 0.85x | 5.0% |
| 2017 | $1.86 | 4.5% | 4 | $1.45 | 128.3% | 0.78x | 4.7% |
See NNN's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonNNN — Frequently Asked Questions
Quick answers to the most common questions about buying NNN stock.
How much dividend does NNN pay per share?
NNN REIT, Inc. (NNN) pays a trailing 12-month dividend of $2.36 per share, with a current dividend yield of +5.3%. Payments are made Semi-Annual.
When is NNN's next ex-dividend date?
NNN's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. NNN typically pays dividends Semi-Annual.
Is NNN's dividend safe?
NNN's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.1% and FCF payout ratio of +96.7%. With 35 consecutive years of dividend growth, the track record supports sustainability.
Is NNN a Dividend Aristocrat?
Yes, NNN REIT, Inc. is classified as a Dividend Aristocrat with 35 consecutive years of dividend increases. The 5-year dividend CAGR is +2.7%, demonstrating modest dividend growth.
How often does NNN pay dividends?
NNN REIT, Inc. pays dividends Semi-Annual. The trailing 12-month total is $2.36 per share. Dividend data on this page covers 41+ years from 1985 to 2026.
How much would $10,000 invested in NNN grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in NNN five years ago would be worth approximately $11,851 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is NNN's yield on cost for long-term holders?
NNN's yield on cost — the current dividend divided by the original purchase price — is +6.0% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +5.3% market yield, thanks to consistent dividend growth.