NNN Dividend History & Analysis | 5.8% Yield

NNN has a dividend yield of 5.8% and paid 2.4 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 5.80%
Payout Ratio 121.8%
Growth Rate CAGR 5y 3%
Consistency Lifetime 100%
Yield on Cost 5y 6.5%
Payout FCF 68.9%
Streak Years 5
Dividend Rating 66.3%
Chowder Number yield + growth 8.8% below 12% target for healthy growth
Yield vs Average 5y +18.9% avg 4.88% vs now 5.80%
Debt / EBITDA leverage 5.6x elevated
Income per 10k invested 580 USD per year
Dividends Cash Amount per Share Yearly NNN annual dividends paid per share, showing the total cash NNN REIT distributed to shareholders each year.
Dividend Growth Year over Year NNN year-over-year dividend growth rate, showing how NNN REIT's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History NNN dividend yield history versus share price over the past 5 years, showing how NNN REIT's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Retail REITs

Top 10 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
SITC NYSE
Site Centers
221 M 93.61% 234.66%
LI PA
Klepierre
11,680 M 5.50% 12.20%
C38U SG
CapitaLand Mall Trust
14,834 M 6.68% 9.54%
GTY NYSE
Getty Realty
2,092 M 6.50% 8.08%
SPG NYSE
Simon Property
83,485 M 4.67% 9.22%
BFS NYSE
Saul Centers
1,241 M 5.59% 7.14%
NNN NYSE
NNN REIT
8,921 M 5.80% 6.46%
O NYSE
Realty Income
58,962 M 5.40% 6.22%
J69U SG
Frasers Centrepoint Trust
3,568 M 5.21% 6.46%
URW PA
Unibail-Rodamco-Westfield
17,021 M 4.71% 7.01%
Top 10 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
SITC NYSE
Site Centers
221 M 53.72% 81.4%
URW PA
Unibail-Rodamco-Westfield
17,021 M 34.10% 100.0%
SKT NYSE
Tanger Factory Outlet
4,737 M 12.62% 100.0%
KRG NYSE
Kite Realty Trust
5,880 M 8.57% 100.0%
SPG NYSE
Simon Property
83,485 M 7.61% 100.0%
BRX NYSE
Brixmor Property
9,521 M 6.22% 100.0%
UE NYSE
Urban Edge Properties
3,016 M 6.25% 99.2%
PECO NASDAQ
Phillips Edison
5,866 M 4.74% 100.0%
GTY NYSE
Getty Realty
2,092 M 4.47% 100.0%
REG NASDAQ
Regency Centers
14,884 M 4.42% 100.0%

NNN Dividend History

Dividend Monthly Return EX date, 5 years of data

Jan 1.35% 100
Feb - -
Mar - -
Apr 1.34% 100
May - -
Jun - -
Jul 1.26% 100
Aug - -
Sep - -
Oct 1.38% 100
Nov - -
Dec - -

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

Last 20 Payments (USD) as of July 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-04-30 2026-04-30 2026-05-15 Quarterly 0.6 0% 1.4%
2026-01-30 2026-01-30 2026-02-13 Quarterly 0.6 0% 1.46%
2025-10-31 2025-10-31 2025-11-14 Quarterly 0.6 0% 1.49%
2025-07-31 2025-07-31 2025-08-15 Quarterly 0.6 +3.4% 1.45%
2025-04-30 2025-04-30 2025-05-15 Quarterly 0.58 0% 1.42%
2025-01-31 2025-01-31 2025-02-14 Quarterly 0.58 0% 1.48%
2024-10-31 2024-10-31 2024-11-15 Quarterly 0.58 0% 1.27%
2024-07-31 2024-07-31 2024-08-15 Quarterly 0.58 +2.7% 1.28%
2024-04-29 2024-04-30 2024-05-15 Quarterly 0.565 0% 1.4%
2024-01-30 2024-01-31 2024-02-15 Quarterly 0.565 0% 1.38%
2023-10-30 2023-10-31 2023-11-15 Quarterly 0.565 0% 1.63%
2023-07-28 2023-07-31 2023-08-15 Quarterly 0.565 +2.7% 1.31%
2023-04-27 2023-04-28 2023-05-15 Quarterly 0.55 0% 1.31%
2023-01-30 2023-01-31 2023-02-15 Quarterly 0.55 0% 1.17%
2022-10-28 2022-10-31 2022-11-15 Quarterly 0.55 0% 1.34%
2022-07-28 2022-07-29 2022-08-15 Quarterly 0.55 +3.8% 1.17%
2022-04-28 2022-04-29 2022-05-16 Quarterly 0.53 0% 1.18%
2022-01-28 2022-01-31 2022-02-15 Quarterly 0.53 0% 1.25%
2021-10-28 2021-10-29 2021-11-15 Quarterly 0.53 0% 1.15%
2021-07-29 2021-07-30 2021-08-16 Quarterly 0.53 0% 1.09%

NNN Dividend FAQ

What is the Dividend Yield of NNN?

As of July 2026, NNN's dividend yield is 5.80%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 2.40 USD by the current share price of 47.36.

Does NNN pay a dividend?

As of July 2026, NNN paid a dividend of 2.40 USD in the last 12 months. The last dividend was paid on 2026-04-30 and the payout was 0.6 USD.

How often does NNN pay dividends?

NNN pays dividends quarterly. Over the last 12 months, NNN has issued 4 dividend payments. The last dividend payment was made on 2026-04-30.

NNN dividend forecast

Based on historical data, the forecasted dividends per share for NNN for the next payments are between 0.61 (+1.7%) and 0.618 (+3.0%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 5.19%.

Will NNN pay dividends in 2026?

The latest dividend paid per share was 0.6 USD with an Ex-Dividend Date of 2026-04-30. The next Ex-Dividend date for NNN REIT (NNN) is currently unknown.

What is the next Ex-Dividend Date for NNN?

The next Ex-Dividend date for NNN REIT (NNN) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of NNN?

NNN's average dividend growth rate over the past 5 years is 3.00% per year. Strong growth: NNN's dividend growth is outpacing inflation.

What is the Yield on Cost of NNN?

NNN's 5-Year Yield on Cost is 6.46%. If you bought NNN's shares at 37.17 USD five years ago, your current annual dividend income (2.40 USD per share, trailing 12 months) equals 6.46% of your original purchase price.

What is the Payout Consistency of NNN?

NNN Payout Consistency is 100.0%. 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: NNN REIT has a strong track record of consistent dividend payments over its lifetime.

Does NNN have a good Dividend Yield?

NNN's 5.80% 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 NNN?

The Dividend Payout Ratio of NNN is 121.8%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of NNN?

NNN's Overall Dividend Rating is 66.25%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

NNN Outstanding Shares Analysis

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

NNN REIT's outstanding shares have increased by approximately 1.82% annually over the past 3 years (Trend Reliability: 97.5%). Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

Has NNN 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
1985 1,538,500 0%
1986 1,538,500 0%
1987 1,538,500 0%
1988 1,666,700 +8.33%
1989 1,304,300 -21.74%
1990 1,600,000 +22.67%
1991 1,500,000 -6.25%
1992 1,600,000 +6.67%
1993 3,750,000 +134.38%
1994 7,586,200 +102.3%
1995 14,285,700 +88.31%
1996 21,612,900 +51.29%
1997 27,500,000 +27.24%
1998 29,697,000 +7.99%
1999 30,325,700 +2.12%
2000 30,515,600 +0.63%
2001 40,638,100 +33.17%
2002 40,304,500 -0.82%
2003 50,710,900 +25.82%
2004 51,868,200 +2.28%
2005 55,408,100 +6.82%
2006 60,333,000 +8.89%
2007 72,314,800 +19.86%
2008 78,165,900 +8.09%
2009 82,320,800 +5.32%
2010 83,122,700 +0.97%
2011 98,671,000 +18.71%
2012 112,013,000 +13.52%
2013 121,309,000 +8.3%
2014 128,813,000 +6.19%
2015 137,623,000 +6.84%
2016 146,763,000 +6.64%
2017 152,148,000 +3.67%
2018 159,772,000 +5.01%
2019 171,175,000 +7.14%
2020 174,589,300 +1.99%
2021 174,868,000 +0.16%
2022 179,472,000 +2.63%
2023 181,932,100 +1.37%
2024 186,833,000 +2.69%
2025 189,237,700 +1.29%
2026 189,458,600 +0.12%

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: 2026-07-10 02:37 UTC