American Assets Trust, Inc.
AATReal Estate · Stock · quarterly payer
Forward Yield
6.20%
Annual Dividend
$1.36
Payout Ratio
453%
5-Yr Growth
6.3%
Ex-Date
Sep 3, 2026
Frequency
Quarterly
Summary
As of September 2026, American Assets Trust, Inc. (AAT) yields 6.20% ($1.36 per share annually), with a blended fair-value estimate of $21.07 — -4% downside, so it screens as fairly valued. Dividend safety grade: C (56/100). 5 years of dividend growth.
Is AAT a good dividend stock?
MixedAmerican Assets Trust, Inc. (AAT) pays a quarterly dividend yielding 6.20% ($1.36/yr), with 5 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 6.3% 5-yr dividend growth
Risks
- Cut its dividend in 2020
- Elevated payout ratio (453%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.20%
- Payout Ratio
- 453%
- Annual Dividend
- $1.36
- 5-Yr Avg Growth
- 6.3%
- Ex-Dividend Date
- Sep 3, 2026
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- 0.97
- Market Cap
- $1.7B
- P/E Ratio
- 73.3
- 5-Yr Total Return
- -42%
- 52-Week Range
- $17.72 – $25.97
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
AAT Price — Last 12 Months
Daily close
Price Return
1 Year
+15%
3 Years
+24%
5 Years
-42%
52-Week Range
$17.72 – $25.97
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AAT worth?
Fairly valuedlow confidenceOur blended fair-value estimate for American Assets Trust, Inc. is $21.07 per share, versus a market price of $21.95. That implies the stock is roughly fairly priced.
Fair Value
$21.07
Current Price
$21.95
Gap
-4%
Margin of Safety
-4%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.2% discount rate (CAPM), 2.6% stage-1 growth, 2.5% terminal growth, $0.30 EPS, $1.36 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AAT Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 3, 2026 | — | $0.3400 | regular |
| Jun 4, 2026 | — | $0.3400 | regular |
| Mar 5, 2026 | — | $0.3400 | regular |
| Dec 4, 2025 | — | $0.3400 | regular |
| Sep 4, 2025 | — | $0.3400 | regular |
| Jun 5, 2025 | — | $0.3400 | regular |
| Mar 6, 2025 | — | $0.3400 | regular |
| Dec 5, 2024 | — | $0.3350 | regular |
| Sep 5, 2024 | — | $0.3350 | regular |
| Jun 6, 2024 | — | $0.3350 | regular |
| Mar 6, 2024 | — | $0.3350 | regular |
| Dec 6, 2023 | — | $0.3300 | regular |
| Sep 6, 2023 | — | $0.3300 | regular |
| Jun 7, 2023 | — | $0.3300 | regular |
Income Calculator
At $1.36 / yr per share
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