Trailing Dividend / Share
$2.05
Chicago Atlantic Real Estate Finance, Inc. (REFI) Dividend History
Income profile from 2021 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
17.9%
Payout Ratio
1.2%
Sustainable
Dividend Streak
1 years
REFI Dividend Income Check
Safety
1.2% payout ratio with sustainable safety profile.
Consistency
1 straight years of dividend increases.
Income Trend
Yield on cost is 11.4% and trend is unknown.
REFI Dividend Scorecard
Yield & Income
Dividend Yield17.9%
Trailing DPS$2.05
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout1.2%
Earnings SafetySustainable
FCF Payout178.3%
FCF SafetyStretched
Piotroski F-Score4/9
Growth
Growth Streak1 years
3Y CAGR-3.6%
5Y CAGRN/A
Yield on Cost (5Y)11.4%
YOC Trendunknown
Total Returns
Buyback Yield0.0%
Total Shareholder Yield17.9%
1Y Total Return-6.5%
5Y Total Return23.7%
Div Contribution (5Y)54.2%
Estimated $10K growth (return + dividends):
5Y ago$12,36510Y ago$12,36520Y ago$12,365
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.
REFI Income Growth Story
Dividend per share and yield on cost over time (6 years of payments)
REFI Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
Chicago Atlantic Real Estate Finance, Inc. distributes 1.2% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 178.3%, rated "Stretched".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
REFI has raised its dividend for 1 consecutive year, with a 3-year CAGR of -3.6%.
Total Shareholder Returns
Beyond cash dividends, REFI returns capital through share repurchases. The combined picture: 17.9% dividend yield, 17.9% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 11.4% and is currently unknown. The 5-year total return is 23.7%, with dividends contributing 54.2% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $12,365 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
REFI Recent Dividend Payments
Last 19 payments · Semi-Annual
TTM Total$9.41
Avg/Payment$0.4953
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 30, 2026Latest | $0.4700 | — | 16.42% | Jul 15, 2026 |
| Mar 31, 2026 | $0.4700 | — | 16.61% | Apr 15, 2026 |
| Dec 31, 2025 | $0.4700 | — | 15.33% | Jan 15, 2026 |
| Sep 30, 2025 | $0.4700 | — | 16.11% | Oct 15, 2025 |
| Jun 30, 2025 | $0.4700 | — | 14.76% | Jul 15, 2025 |
| Mar 31, 2025 | $0.4700 | ↓ -27.7% | 14.01% | Apr 15, 2025 |
| Dec 31, 2024 | $0.6500 | ↑ +38.3% | 13.36% | Jan 13, 2025 |
| Sep 30, 2024 | $0.4700 | — | 13.99% | Oct 15, 2024 |
REFI Dividend vs Peers
Comparable companies in the same industry
#3 yield in peer group
Div Yield
17.9%
#3 of 9
Safety
Sustainable
1.2% payout
Streak
1Y
— 5Y CAGR
Total Shareholder
17.9%
#4 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
3rd REFIChicago Atlantic Rea… | $243M | 17.9% | 1.2% | 1 | Sustainable |
 SUNSSunrise Realty Trust… | $114M | 13.9% | 1.2% | 2 | Sustainable |
2nd  TPVGTriplePoint Venture … | $203M | 20.5% | 83.9% | 0 | Watch |
 IIPRInnovative Industria… | $1.7B | 12.8% | 1.9% | 9 | Sustainable |
 STWDStarwood Property Tr… | $6.2B | 11.9% | 1.6% | 0 | Sustainable |
 ACREAres Commercial Real… | $256M | 15.4% | — | 0 | Unknown |
 BXMTBlackstone Mortgage … | $3.1B | 10.4% | 2.9% | 0 | Sustainable |
1st  RCReady Capital Corpor… | $289M | 38.7% | — | 0 | Unknown |
 GPMTGranite Point Mortga… | $63M | 16.4% | — | 0 | Unknown |
REFI Annual Dividend History (2021–2026)
6 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.94 | — | 2 | — | — | — | 5.7% |
| 2025 | $1.88 | -8.7% | 4 | $1.68 | 111.9% | 0.89x | 11.4% |
| 2024 | $2.06 | -5.1% | 4 | $1.88 | 109.6% | 0.91x | 12.5% |
| 2023 | $2.17 | 3.3% | 4 | $2.11 | 102.8% | 0.97x | 13.2% |
| 2022 | $2.10 | 707.7% | 4 | $1.82 | 115.4% | 0.87x | 12.7% |
| 2021 | $0.26 | — | 1 | $0.54 | 48.1% | 2.08x | 1.6% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
5+ years return with dividends reinvested.
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Peer Comparison
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REFI — Frequently Asked Questions
Quick answers to the most common questions about buying REFI stock.
How much dividend does REFI pay per share?
Chicago Atlantic Real Estate Finance, Inc. (REFI) pays a trailing 12-month dividend of $2.05 per share, with a current dividend yield of +17.9%. Payments are made Semi-Annual.
When is REFI's next ex-dividend date?
REFI's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. REFI typically pays dividends Semi-Annual.
Is REFI's dividend safe?
REFI's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.2% and FCF payout ratio of +178.3%. The 1-year growth streak provides moderate confidence.
How many years has REFI increased its dividend?
REFI has 1 consecutive years of dividend growth. The 5-year dividend CAGR is N/A.
How often does REFI pay dividends?
Chicago Atlantic Real Estate Finance, Inc. pays dividends Semi-Annual. The trailing 12-month total is $2.05 per share. Dividend data on this page covers 5+ years from 2021 to 2026.
How much would $10,000 invested in REFI grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in REFI five years ago would be worth approximately $12,365 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is REFI's yield on cost for long-term holders?
REFI's yield on cost — the current dividend divided by the original purchase price — is +11.4% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +17.9% market yield, thanks to the lower original cost basis.