NREF Dividend History & Analysis | 13.6% Yield

NREF has a dividend yield of 13.6% and paid 2 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 13.60%
Payout Ratio 101.0%
Growth Rate CAGR 5y 1.29%
Consistency Lifetime 94.9%
Yield on Cost 5y 21.79%
Payout FCF 154.9%
Streak Years 6
Dividend Rating 65.34%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.

Top Dividend Payers in Asset Management & Custody Banks

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
ECC 709 M 24.3% 44.7%
OXLC 1,177 M 28.3% 29.2%
ECAT 1,534 M 22.0% 36.5%
OCCI 129 M 24.3% 30.5%
BCAT 1,540 M 22.4% 31.2%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
ECAT 1,534 M 144% 91.7%
FSCO 1,204 M 105% 90.0%
OPFI 831 M 108% 100%
SUNS 126 M 90.5% 100%
OWL 21,322 M 60.1% 100%

Quality Dividend Peers in Asset Management & Custody Banks

BUI
BlackRock Utility
10.47% Yield
GAM
General American
11.74% Yield
BK
TRIN
Trinity Capital
14.80% Yield
TBLD
Thornburg Income
6.56% Yield

NREF Dividend History: Last 24 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-12-15 2025-12-15 2025-12-31 Quarterly 0.5 0% 3.43%
2025-09-15 2025-09-15 2025-09-30 Quarterly 0.5 0% 3.39%
2025-06-13 2025-06-13 2025-06-30 Quarterly 0.5 0% 3.33%
2025-03-14 2025-03-14 2025-03-31 Quarterly 0.5 0% 3.19%
2024-12-13 2024-12-13 2024-12-31 Quarterly 0.5 0% 2.95%
2024-09-13 2024-09-13 2024-09-30 Quarterly 0.5 0% 3.12%
2024-06-14 2024-06-14 2024-06-28 Quarterly 0.5 0% 3.73%
2024-03-14 2024-03-15 2024-03-28 Quarterly 0.5 -27% 3.61%
2023-12-14 2023-12-15 2023-12-29 Quarterly 0.685 0% 4.42%
2023-09-14 2023-09-15 2023-09-29 Quarterly 0.685 0% 4.18%
2023-06-14 2023-06-15 2023-06-30 Quarterly 0.685 0% 4.42%
2023-03-14 2023-03-15 2023-03-31 Quarterly 0.685 37% 4.19%
2022-12-14 2022-12-15 2022-12-30 Quarterly 0.5 0% 2.69%
2022-09-14 2022-09-15 2022-09-30 Quarterly 0.5 0% 2.45%
2022-06-14 2022-06-15 2022-06-30 Quarterly 0.5 0% 2.5%
2022-03-14 2022-03-15 2022-03-31 Quarterly 0.5 5.3% 2.27%
2021-12-14 2021-12-15 2021-12-30 Quarterly 0.475 0% 2.27%
2021-09-14 2021-09-15 2021-09-30 Quarterly 0.475 0% 2.27%
2021-06-14 2021-06-15 2021-06-30 Quarterly 0.475 0% 2.24%
2021-03-12 2021-03-15 2021-03-31 Quarterly 0.475 18.8% 2.65%
2020-12-14 2020-12-15 2020-12-31 Quarterly 0.4 0% N/A
2020-09-14 2020-09-15 2020-09-30 Quarterly 0.4 0% N/A
2020-06-12 2020-06-15 2020-06-30 Quarterly 0.4 81.8% N/A
2020-03-20 2020-03-23 2020-03-31 Quarterly 0.22 0% N/A

NREF Dividend FAQ

NexPoint Real Estate Finance, Inc. (NYSE: NREF) is a U.S. commercial mortgage REIT that originates, structures, and invests in a diversified set of real-estate-related assets, including first-lien mortgage loans, mezzanine debt, preferred equity, convertible notes, and both multifamily and single-family rental CMBS securitizations. The firm also holds promissory notes, revolving credit facilities, stock warrants, and direct equity positions in rental properties.

What is the Dividend Yield of NREF?

As of February 2026, NREF`s dividend yield is 13.60%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 2.00 USD by the current share price of 14.85.

Does NREF pay a dividend?

As of February 2026, NREF paid a dividend of 2.00 USD in the last 12 months. The last dividend was paid on 2025-12-15 and the payout was 0.5 USD.

How often does NREF pay dividends?

NREF pays dividends quarterly. Over the last 12 months, NREF has issued 4 dividend payments. The last dividend payment was made on 2025-12-15.

NREF dividend forecast

Based on historical data, the forecasted dividends per share for NREF for the next 4 payments are between 0.577 (+15.4%) and 0.612 (+22.4%).
This represents a strong dividend growth compared to the last payment.

Will NREF pay dividends in 2026?

The latest dividend paid per share was 0.5 USD with an Ex-Dividend Date of 2025-12-15. The next Ex-Dividend date for Nexpoint Real Estate (NREF) is currently unknown.

What is the next Ex-Dividend Date for NREF?

The next Ex-Dividend date for Nexpoint Real Estate (NREF) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of NREF?

NREF's average dividend growth rate over the past 5 years is 1.29% per year.
Weak growth: NREF's Dividend growth is lower than inflation.

What is the Yield on Cost of NREF?

NREF's 5-Year Yield on Cost is 21.8%. If you bought NREF's shares at 9.18 USD five years ago, your current annual dividend income (2.00 USD per share, trailing 12 months) equals 21.8% of your original purchase price.

What is the Payout Consistency of NREF?

NREF Payout Consistency is 94.9%. 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: Nexpoint Real Estate has a strong track record of consistent dividend payments over its lifetime.

Does NREF have a good Dividend Yield?

NREF`s 13.60% Dividend Yield is considered as extremely high. Investors should watch out for NAV decline.

What is the Dividend Payout Ratio of NREF?

The Dividend Payout Ratio of NREF is 101.0%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of NREF?

NREF`s Overall Dividend Rating is 65.34%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

NREF Outstanding Shares Analysis

What is the Trend in NREF's Outstanding Shares?

Nexpoint Real Estate's outstanding shares have increased by approximately 59.53% annually over the past 3 years (Trend Reliability: 100.0%).

Significant dilution: Heavy share issuance is diluting existing shareholders. Even if total dividends paid increase, your dividend per share may stagnate or decline.

Has NREF 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
2015 5,000,000
2016 5,000,000
2017 5,000,000
2019 5,000,000
2020 5,550,000 +11%
2021 21,911,000 +294.79%
2022 15,163,000 -30.8%
2023 17,232,000 +13.65%
2024 33,535,000 +94.61%
2025 43,854,000 +30.77%

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: 2026-02-03 04:21