Brandywine Realty Trust

BDN

Real Estate · REIT - Office · Stock · quarterly payer

$2.63

Undervalued · +33% Add to Portfolio

Forward Yield

12.17%

Annual Dividend

$0.32

Payout Ratio

543%

5-Yr Growth

-7.0%

Ex-Date

Oct 8, 2026

Frequency

Quarterly

Key facts about BDN's dividend

Data as of Oct 18, 2026 · Source: SmarterDividends data

As of Oct 18, 2026, Brandywine Realty Trust (BDN) has a forward dividend yield of 12.17%, based on an annual dividend of $0.32 per share and a share price of $2.63.
As of Oct 18, 2026, BDN's dividend safety grade from SmarterDividends is D (45 out of 100), which rates the dividend as unsafe.
BDN last cut its regular dividend in 2024.
BDN's most recent ex-dividend date was Oct 8, 2026, for a dividend of $0.0800 per share.
BDN's dividend has shrunk at an average rate of 7.0% a year over the past five years.
As of Oct 18, 2026, BDN's 12.17% yield is 14% above its five-year average yield of 10.69%.
As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for BDN is $3.49 per share, 33% above the $2.63 share price, so BDN screens as undervalued.
Brandywine Realty Trust (BDN) pays its dividend quarterly, 4 times a year.
Brandywine Realty Trust (BDN) has raised its regular dividend 18 times and cut it 6 times across the 132 payments on record since 1994. Its most recent change was a 46.7% cut to $0.0800 per share, going ex-dividend on Oct 9, 2025.

Cite this page

SmarterDividends, "BDN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/BDN

Summary

As of Oct 18, 2026, Brandywine Realty Trust (BDN) yields 12.17% ($0.32 a year per share) and has a dividend safety grade of D (45/100).

Is BDN a good dividend stock?

Mixed

Brandywine Realty Trust (BDN) pays a quarterly dividend yielding 12.17% ($0.32/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

Risks

Cut its dividend in 2024
Elevated payout ratio (543%)
Dividend has been shrinking, not growing
Very high yield can signal elevated risk
Share price is down over the past 5 years
Below-average dividend safety score

Key Data

Dividend Yield: 12.17%
Payout Ratio: 543%
Annual Dividend: $0.32
5-Yr Avg Growth: -7.0%
Ex-Dividend Date: Oct 8, 2026
Years of Growth: 0
Frequency: quarterly
Beta: 1.28
Market Cap: $454.3M
P/E Ratio: —
5-Yr Total Return: -80%
52-Week Range: $2.47 – $3.89
Dividend Safety: D · 45/100
Ever Cut?: Yes (2024)

BDN dividend raises and cuts

Brandywine Realty Trust (BDN) has raised its regular dividend 18 times and cut it 6 times across the 132 payments on record since 1994. Its most recent change was a 46.7% cut to $0.0800 per share, going ex-dividend on Oct 9, 2025.

Ex-date	Change	Old → new	Move
Oct 9, 2025	Cut	$0.150 → $0.0800	−46.7%
Oct 3, 2023	Cut	$0.190 → $0.150	−21.1%
Jan 7, 2019	Raise	$0.180 → $0.190	+5.6%
Jan 8, 2018	Raise	$0.160 → $0.180	+12.5%
Jul 1, 2016	Raise	$0.150 → $0.160	+6.7%
Jan 4, 2010	Raise	$0.100 → $0.150	+50.0%
Apr 1, 2009	Cut	$0.300 → $0.100	−66.7%
Jan 2, 2009	Cut	$0.440 → $0.300	−31.8%
Jul 3, 2006	Raise	$0.420 → $0.440	+4.8%
Apr 3, 2006	Raise	$0.0200 → $0.420	+2000.0%
Dec 30, 2005	Cut	$0.440 → $0.0200	−95.5%
Oct 3, 2001	Raise	$0.410 → $0.440	+7.3%

Show all 24 changes since 1995

Ex-date	Change	Old → new	Move
Oct 4, 2000	Raise	$0.400 → $0.410	+2.5%
Dec 28, 1999	Raise	$0.390 → $0.400	+2.6%
Dec 23, 1998	Raise	$0.380 → $0.390	+2.6%
Jun 18, 1998	Raise	$0.370 → $0.380	+2.7%
Dec 11, 1997	Raise	$0.360 → $0.370	+2.8%
Jun 26, 1997	Raise	$0.350 → $0.360	+2.9%
Apr 11, 1997	Raise	$0.210 → $0.350	+66.7%
Nov 6, 1996	Raise	$0.180 → $0.210	+16.7%
May 8, 1996	Raise	$0.150 → $0.180	+20.0%
Jul 24, 1995	Raise	$0.120 → $0.150	+25.0%
May 5, 1995	Cut	$0.210 → $0.120	−42.9%
Jan 18, 1995	Raise	$0.150 → $0.210	+40.0%

Every BDN payment →Download every raise and cut (CSV)

BDN ex-dividend date & scheduleNext ex-date Oct 8, 2026 · full ex-dividend historyView →BDN dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is BDN a good dividend stock?

Mixed. Brandywine Realty Trust (BDN) pays a quarterly dividend yielding 12.17% ($0.32/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is BDN undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BDN's fair value is about $3.49 versus a $2.63 share price — so it looks undervalued (+33% vs. fair value).

Is BDN's dividend safe?

BDN has a dividend-safety grade of D (45/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

What is BDN's fair value?

Our blended fair-value estimate for BDN is about $3.49 per share, roughly 33% above the current $2.63 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BDN a buy, hold, or sell?

We don't issue formal ratings, but on the data BDN screens as "mixed" and undervalued. Brandywine Realty Trust (BDN) pays a quarterly dividend yielding 12.17% ($0.32/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will BDN cut its dividend?

BDN earns a dividend-safety grade of D (45/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BDN pay a dividend?

Yes. Brandywine Realty Trust pays a quarterly dividend of about $0.32 per share annually, a forward yield of roughly 12.17%.

What is BDN's dividend yield?

As of Oct 18, 2026, BDN's forward dividend yield is 12.17%, based on a $0.32 annual dividend and a $2.63 share price.

What is BDN's dividend per share?

As of Oct 18, 2026, BDN pays $0.32 per share per year, distributed on a quarterly basis.

What is BDN's dividend payout ratio?

As of Oct 18, 2026, BDN's payout ratio is 543% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has BDN grown its dividend?

BDN does not currently have a long dividend-growth streak on record.

When is the next BDN ex-dividend date?

As of Oct 18, 2026, BDN's next ex-dividend date hasn't been announced. The most recent was Oct 8, 2026, for $0.0800 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full BDN dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 8, 2026	Oct 22, 2026	$0.0800	regular
Jul 8, 2026	Jul 22, 2026	$0.0800	regular
Apr 2, 2026	Apr 16, 2026	$0.0800	regular
Jan 7, 2026	Jan 22, 2026	$0.0800	regular
Oct 9, 2025	Oct 23, 2025	$0.0800	regular
Jul 2, 2025	Jul 17, 2025	$0.1500	regular
Apr 3, 2025	Apr 17, 2025	$0.1500	regular
Jan 8, 2025	Jan 23, 2025	$0.1500	regular
Oct 9, 2024	Oct 24, 2024	$0.1500	regular
Jul 3, 2024	Jul 18, 2024	$0.1500	regular
Apr 3, 2024	Apr 18, 2024	$0.1500	regular
Jan 3, 2024	Jan 18, 2024	$0.1500	regular
Oct 3, 2023	Oct 18, 2023	$0.1500	regular
Jul 5, 2023	Jul 20, 2023	$0.1900	regular