NNN Dividends
NNN REIT, Inc. (NNN) pays $2.40 in dividends per share, with a current dividend yield of 5.18%. The company has dividend history for 35 consecutive years.
NNN Dividend Summary
5.18%
$2.40
115.94%
69.18%
Consecutive Years
35
Most Recent Ex-Date
Apr 30, 2026
Most Recent Payment
May 15, 2026
NNN Dividends per Share (Nominal History)
View full nominal table listThis step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.
NNN Dividends CAGR Chart
NNN REIT, Inc. (NNN)
Annual Dividend History
| Year | Dividend/Share | YoY Growth |
|---|---|---|
| 2026(YTD) | $1.20 | — |
| 2025 | $2.36 | +3.06% |
| 2024 | $2.29 | +2.69% |
| 2023 | $2.23 | +3.24% |
| 2022 | $2.16 | +2.86% |
| 2021 | $2.10 | +1.45% |
| 2020 | $2.07 | +1.97% |
| 2019 | $2.03 | +4.10% |
| 2018 | $1.95 | +4.84% |
| 2017 | $1.86 | +4.49% |
| 2016 | $1.78 | +4.09% |
| 2015 | $1.71 | +3.64% |
| 2014 | $1.65 | +3.12% |
| 2013 | $1.60 | +2.56% |
| 2012 | $1.56 | +1.96% |
| 2011 | $1.53 | +1.32% |
| 2010 | $1.51 | +0.67% |
| 2009 | $1.50 | +1.35% |
| 2008 | $1.48 | +5.71% |
| 2007 | $1.40 | +6.06% |
Quarterly Dividend History
| Quarter | Dividend/Share | YoY Growth |
|---|---|---|
| Q2 2026 | $0.60 | +3.45% |
| Q1 2026 | $0.60 | +3.45% |
| Q4 2025 | $0.60 | +3.45% |
| Q3 2025 | $0.60 | +3.45% |
| Q2 2025 | $0.58 | +2.65% |
| Q1 2025 | $0.58 | +2.65% |
| Q4 2024 | $0.58 | +2.65% |
| Q3 2024 | $0.58 | +2.65% |
| Q2 2024 | $0.56 | +2.73% |
| Q1 2024 | $0.56 | +2.73% |
| Q4 2023 | $0.56 | +2.73% |
| Q3 2023 | $0.56 | +2.73% |
| Q2 2023 | $0.55 | +3.77% |
| Q1 2023 | $0.55 | +3.77% |
| Q4 2022 | $0.55 | +3.77% |
| Q3 2022 | $0.55 | +3.77% |
| Q2 2022 | $0.53 | +1.92% |
| Q1 2022 | $0.53 | +1.92% |
| Q4 2021 | $0.53 | +1.92% |
| Q3 2021 | $0.53 | +1.92% |
| Q2 2021 | $0.52 | +0.97% |
| Q1 2021 | $0.52 | +0.97% |
| Q4 2020 | $0.52 | +0.97% |
| Q3 2020 | $0.52 | +0.97% |
Dividend Yield Metrics
- Current Yield
- 5.18%
- Average Yield (TTM)
- 5.18%
- Average Yield (3Y)
- 4.95%
- Forward Yield on Cost (3Y)
- 5.83%
- Forward Yield on Cost (5Y)
- 6.30%
- Forward Yield on Cost (10Y)
- 7.65%
Payout Ratio Analysis
- Payout Ratio (Current)
- 115.94%
- FCF Payout Ratio
- 69.18%
- Payout Ratio (3Y Avg)
- 107.76%
- Payout Ratio (5Y Avg)
- 115.33%
- FCF Payout (3Y Avg)
- 66.18%
- FCF Payout (5Y Avg)
- 65.67%
For REITs, the net-income payout ratio overstates sustainability — large non-cash depreciation depresses net income, so it often reads >100%. The FCF payout ratio above (or FFO/AFFO, the REIT-standard basis) is the more meaningful gauge.
Dividend Coverage
About NNN REIT, Inc.
NNN REIT primarily allocates capital to top-tier retail real estate, generally held under extended net lease contracts. As of September 30, 2020, their holdings encompassed 3,114 properties spanning 48 U.S. states. These assets collectively accounted for roughly 32.4 million square feet of gross leasable area, with an average remaining lease duration of 10.7 years.
- Sector
- Real Estate
- Industry
- REIT - Retail
- CEO
- Stephen A. Horn Jr.