NHI Dividend History & Analysis | 4.7% Yield

NHI has a dividend yield of 4.7% and paid 3.68 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 4.71%
Payout Ratio 95.1%
Growth Rate CAGR 5y 0.4%
Consistency Lifetime 98.3%
Yield on Cost 5y 8%
Payout FCF 74.5%
Streak Years 5
Dividend Rating 56.4%
Chowder Number yield + growth 5.1% below 12% target for healthy growth
Yield vs Average 5y -12.9% avg 5.4% vs now 4.71%
Debt / EBITDA leverage 4.0x moderate
Income per 10k invested 471 USD per year
Ex-Dividend in 27 days: Buy before Sep 30, 2026 to receive the next dividend.
Dividends Cash Amount per Share Yearly NHI annual dividends paid per share, showing the total cash National Health Investors distributed to shareholders each year.
Dividend Growth Year over Year NHI year-over-year dividend growth rate, showing how National Health Investors's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History NHI dividend yield history versus share price over the past 5 years, showing how National Health Investors's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Health Care REITs

Top 10 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
OHI NYSE
Omega Healthcare Investors
14,505 M 5.95% 11.78%
SBRA NASDAQ
Sabra Healthcare REIT
5,319 M 6.07% 10.98%
LTC NYSE
LTC Properties
2,190 M 6.11% 9.02%
NHI NYSE
National Health Investors
3,604 M 4.71% 7.96%
CTRE NYSE
CareTrust REIT
9,301 M 3.95% 8.23%
HR NYSE
Healthcare Realty Trust
6,661 M 5.10% 5.51%
AHR NYSE
American Healthcare REIT
12,313 M 2.15% 8.27%
VTR NYSE
Ventas
47,094 M 2.53% 4.17%
WELL NYSE
Welltower
172,649 M 1.47% 3.94%
DHC NASDAQ
Diversified Healthcare Trust
1,947 M 0.66% 1.17%
Top 6 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
CTRE NYSE
CareTrust REIT
9,301 M 6.94% 100.0%
WELL NYSE
Welltower
172,649 M 5.96% 99.2%
VTR NYSE
Ventas
47,094 M 2.23% 98.3%
NHI NYSE
National Health Investors
3,604 M 0.38% 98.3%
OHI NYSE
Omega Healthcare Investors
14,505 M 0.03% 97.5%
HR NYSE
Healthcare Realty Trust
6,661 M 0.30% 74.6%

NHI Dividend History

Dividend Monthly Return EX date, 5 years of data

Jan - -
Feb - -
Mar 1.42% 100
Apr - -
May - -
Jun 1.41% 100
Jul - -
Aug - -
Sep 1.47% 100
Oct - -
Nov - -
Dec 1.48% 100

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 21 Payments (USD) as of September 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-09-30 2026-09-30 2026-11-06 Quarterly 0.94 +2.2% N/A
2026-06-30 2026-06-30 2026-08-07 Quarterly 0.92 0% 1.21%
2026-03-31 2026-03-31 2026-05-01 Quarterly 0.92 0% 1.12%
2025-12-31 2025-12-31 2026-01-30 Quarterly 0.92 0% 1.2%
2025-09-30 2025-09-30 2025-10-31 Quarterly 0.92 +2.2% 1.18%
2025-06-30 2025-06-30 2025-08-01 Quarterly 0.9 0% 1.29%
2025-03-31 2025-03-31 2025-05-02 Quarterly 0.9 0% 1.22%
2024-12-31 2024-12-31 2025-01-29 Quarterly 0.9 0% 1.31%
2024-09-27 2024-09-27 2024-11-01 Quarterly 0.9 0% 1.08%
2024-06-28 2024-06-28 2024-08-02 Quarterly 0.9 0% 1.34%
2024-03-27 2024-03-28 2024-05-03 Quarterly 0.9 0% 1.47%
2023-12-28 2023-12-29 2024-01-26 Quarterly 0.9 0% 1.59%
2023-09-28 2023-09-29 2023-11-03 Quarterly 0.9 0% 1.81%
2023-06-29 2023-06-30 2023-08-04 Quarterly 0.9 0% 1.75%
2023-03-30 2023-03-31 2023-05-05 Quarterly 0.9 0% 1.79%
2022-12-29 2022-12-30 2023-01-27 Quarterly 0.9 0% 1.72%
2022-09-29 2022-09-30 2022-11-04 Quarterly 0.9 0% 1.6%
2022-06-29 2022-06-30 2022-08-05 Quarterly 0.9 0% 1.48%
2022-03-30 2022-03-31 2022-05-06 Quarterly 0.9 0% 1.5%
2021-12-30 2021-12-31 2022-01-31 Quarterly 0.9 0% 1.58%
2021-09-29 2021-09-30 2021-11-05 Quarterly 0.9 0% 1.67%

NHI Dividend FAQ

What is the Dividend Yield of NHI?

As of September 2026, NHI's dividend yield is 4.71%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 3.68 USD by the current share price of 72.27.

Does NHI pay a dividend?

As of September 2026, NHI paid a dividend of 3.68 USD in the last 12 months. The last dividend was paid on 2026-09-30 and the payout was 0.94 USD.

How often does NHI pay dividends?

NHI pays dividends quarterly. Over the last 12 months, NHI has issued 4 dividend payments. The last dividend payment was made on 2026-09-30.

NHI dividend forecast

Based on historical data, the forecasted dividends per share for NHI for the next payments are between 0.919 (-2.2%) and 0.92 (-2.1%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 5.17%.

Will NHI pay dividends in 2026?

The latest dividend paid per share was 0.94 USD with an Ex-Dividend Date of 2026-09-30. The next Ex-Dividend date for National Health Investors (NHI) is 2026-09-30.

What is the next Ex-Dividend Date for NHI?

The next Ex-Dividend date for National Health Investors (NHI) is 2026-09-30.

What is the Dividend Growth of NHI?

NHI's average dividend growth rate over the past 5 years is 0.38% per year. Weak growth: NHI's dividend growth is lower than inflation.

What is the Yield on Cost of NHI?

NHI's 5-Year Yield on Cost is 7.96%. If you bought NHI's shares at 46.01 USD five years ago, your current annual dividend income (3.68 USD per share, trailing 12 months) equals 7.96% of your original purchase price.

What is the Payout Consistency of NHI?

NHI Payout Consistency is 98.3%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: National Health Investors has a strong track record of consistent dividend payments over its lifetime.

Does NHI have a good Dividend Yield?

NHI's 4.71% Dividend Yield is considered as good. Make sure the dividend is sustainable: Check the Payouts-Ratio over time.

What is the Dividend Payout Ratio of NHI?

The Dividend Payout Ratio of NHI is 95.1%. Very high - REITs and BDCs are required by law to distribute 90% or more of their taxable income as dividends, making high payout ratios standard. Otherwise, proceed with caution.

What is the Dividend Rating of NHI?

NHI's Overall Dividend Rating is 56.44%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

NHI Outstanding Shares Analysis

The Chart shows the outstanding shares over time per year.
What is the Trend in NHI's Outstanding Shares?

National Health Investors's outstanding shares have increased by approximately 5.03% annually over the past 3 years (Trend Reliability: 97.6%). Watch carefully: The company is issuing new shares, diluting existing shareholders. Dividend growth may lag earnings growth as payouts are spread across more shares.

Has NHI ever had a Stock Split?

No stock splits on record. The share count changes shown above reflect buybacks, new issuance, or employee compensation rather than structural splits.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1991 7,142,900 0%
1992 7,692,300 +7.69%
1993 12,553,200 +63.19%
1994 16,774,200 +33.62%
1995 17,285,700 +3.05%
1996 24,857,100 +43.8%
1997 25,428,600 +2.3%
1998 24,307,700 -4.41%
1999 24,383,100 +0.31%
2000 24,392,200 +0.04%
2001 26,072,900 +6.89%
2002 26,689,000 +2.36%
2003 26,782,500 +0.35%
2004 27,580,700 +2.98%
2005 27,843,200 +0.95%
2006 27,703,200 -0.5%
2007 27,730,700 +0.1%
2008 27,574,500 -0.56%
2009 27,632,400 +0.21%
2010 27,696,700 +0.23%
2011 27,776,100 +0.29%
2012 27,868,200 +0.33%
2013 29,860,600 +7.15%
2014 37,558,100 +25.78%
2015 37,741,200 +0.49%
2016 39,993,400 +5.97%
2017 41,803,600 +4.53%
2018 42,568,700 +1.83%
2019 44,328,800 +4.13%
2020 44,861,500 +1.2%
2021 45,850,700 +2.21%
2022 43,392,800 -5.36%
2023 43,388,800 -0.01%
2024 45,435,000 +4.72%
2025 47,051,800 +3.56%
2026 48,498,200 +3.07%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-08-24 02:05 UTC