Trailing Dividend / Share
$0.71
Safehold Inc. (SAFE) Dividend History
Income profile from 1993 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
4.9%
Payout Ratio
44.5%
Sustainable
Dividend Streak
4 years
SAFE Dividend Income Check
Safety
44.5% payout ratio with sustainable safety profile.
Consistency
4 straight years of dividend increases.
Income Trend
Yield on cost is 1.0% and trend is falling.
SAFE Dividend Scorecard
Yield & Income
Dividend Yield4.9%
Trailing DPS$0.71
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout44.5%
Earnings SafetySustainable
FCF Payout106.6%
FCF SafetyStretched
Piotroski F-Score4/9
Growth
Growth Streak4 years
3Y CAGR-17.1%
5Y CAGR-10.3%
Yield on Cost (5Y)1.0%
YOC Trendfalling
Total Returns
Buyback Yield0.0%
Total Shareholder Yield4.9%
1Y Total Return-1.6%
5Y Total Return-71.8%
Div Contribution (5Y)7.3%
Estimated $10K growth (return + dividends):
5Y ago$2,81910Y ago$5,09020Y ago$2,377
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.
SAFE Income Growth Story
Dividend per share and yield on cost over time (21 years of payments)
SAFE Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Safehold Inc. distributes 44.5% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 106.6%, rated "Stretched".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
SAFE has raised its dividend for 4 consecutive years, with a 3-year CAGR of -17.1% and 5-year CAGR of -10.3%.
Total Shareholder Returns
Beyond cash dividends, SAFE returns capital through share repurchases. The combined picture: 4.9% dividend yield, 4.9% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 1.0% and is currently falling. The 5-year total return is -71.8%, with dividends contributing 7.3% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $5,090 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
SAFE Recent Dividend Payments
Last 20 payments · Annual
TTM Total$5.07
Avg/Payment$0.2537
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 31, 2026Latest | $0.1770 | — | 5.23% | Apr 15, 2026 |
| Dec 30, 2025 | $0.1770 | — | 5.21% | Jan 15, 2026 |
| Sep 30, 2025 | $0.1770 | — | 4.57% | Oct 15, 2025 |
| Jun 30, 2025 | $0.1770 | — | 4.55% | Jul 15, 2025 |
| Mar 31, 2025 | $0.1770 | — | 3.78% | Apr 15, 2025 |
| Dec 30, 2024 | $0.1770 | — | 3.86% | Jan 15, 2025 |
| Sep 30, 2024 | $0.1770 | — | 2.70% | Oct 15, 2024 |
| Jun 28, 2024 | $0.1770 | — | 3.67% | Jul 15, 2024 |
SAFE Dividend vs Peers
Comparable companies in the same industry
#5 yield in peer group
Div Yield
4.9%
#5 of 8
Safety
Sustainable
44.5% payout
Streak
4Y
-10.3% 5Y CAGR
Total Shareholder
4.9%
#5 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| SAFESafehold Inc. | $1.1B | 4.9% | 44.5% | 4 | Sustainable |
1st  LANDGladstone Land Corpo… | $350M | 6.8% | — | 6 | Unknown |
 PINEAlpine Income Proper… | $279M | 0.2% | — | 0 | Unknown |
 NTSTNETSTREIT Corp. | $1.7B | 4.1% | — | 0 | Unknown |
2nd  GTYGetty Realty Corp. | $2.0B | 5.8% | 1.4% | 8 | Sustainable |
3rd  FCPTFour Corners Propert… | $2.8B | 5.6% | 1.3% | 8 | Sustainable |
 NNNNNN REIT, Inc. | $8.4B | 5.3% | 1.1% | 9 | Sustainable |
 EPRTEssential Properties… | $6.7B | 3.7% | 92.5% | 7 | At Risk |
SAFE Annual Dividend History (1989–2026)
38 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.18 | — | 1 | — | — | — | 0.3% |
| 2025 | $0.71 | 0.0% | 4 | $1.59 | 44.5% | 2.25x | 1.0% |
| 2024 | $0.71 | -39.8% | 4 | $1.48 | 47.8% | 2.09x | 1.0% |
| 2023 | $1.18 | -5.2% | 4 | $-0.82 | — | — | 1.7% |
| 2022 | $1.24 | -9.8% | 4 | $2.17 | 57.2% | 1.75x | 1.8% |
| 2021 | $1.38 | 12.8% | 4 | $1.32 | 104.2% | 0.96x | 1.9% |
| 2020 | $1.22 | 10.3% | 4 | $1.17 | 104.3% | 0.96x | 1.7% |
| 2019 | $1.11 | 116.7% | 4 | $23.29 | 4.8% | 21.05x | 1.6% |
| 2018 | $0.51 | — | 2 | $0.64 | 79.8% | 1.25x | 0.7% |
| 2017 | $0.00 | — | 0 | $9.75 | — | — | — |
See SAFE's True Return
Price is only half the story. See total return with reinvested dividends.
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View ValuationCompare SAFE vs WELL
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Start ComparisonSAFE — Frequently Asked Questions
Quick answers to the most common questions about buying SAFE stock.
How much dividend does SAFE pay per share?
Safehold Inc. (SAFE) pays a trailing 12-month dividend of $0.71 per share, with a current dividend yield of +4.9%. Payments are made Annual.
When is SAFE's next ex-dividend date?
SAFE's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. SAFE typically pays dividends Annual.
Is SAFE's dividend safe?
SAFE's dividend safety is rated "Sustainable" based on an earnings payout ratio of +44.5% and FCF payout ratio of +106.6%. The 4-year growth streak provides moderate confidence.
Is SAFE a Dividend Payer?
Yes, Safehold Inc. is classified as a Dividend Payer with 4 consecutive years of dividend increases. The 5-year dividend CAGR is -10.3%, demonstrating modest dividend growth.
How often does SAFE pay dividends?
Safehold Inc. pays dividends Annual. The trailing 12-month total is $0.71 per share. Dividend data on this page covers 33+ years from 1993 to 2026.
How much would $10,000 invested in SAFE grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in SAFE five years ago would be worth approximately $2,819 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is SAFE's yield on cost for long-term holders?
SAFE's yield on cost — the current dividend divided by the original purchase price — is +1.0% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +4.9% market yield, thanks to the lower original cost basis.