SmarterDividends
BNL

Broadstone Net Lease, Inc.

BNL

Real Estate · REIT - Diversified · Stock · quarterly payer

$18.13

Undervalued · +22% Add to Portfolio

Forward Yield

6.45%

Annual Dividend

$1.17

Payout Ratio

153%

5-Yr Growth

8.5%

Ex-Date

Sep 30, 2026

Frequency

Quarterly

Key facts about BNL's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Broadstone Net Lease, Inc. (BNL) has a forward dividend yield of 6.45%, based on an annual dividend of $1.17 per share and a share price of $18.13.
  • As of Oct 18, 2026, BNL's dividend safety grade from SmarterDividends is B (70 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Broadstone Net Lease, Inc. (BNL) has raised its dividend for 5 consecutive years as of Oct 18, 2026.
  • BNL has never cut its regular dividend in the payment history SmarterDividends has on record.
  • BNL's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.29 per share.
  • As of Oct 18, 2026, BNL pays out 153% of its trailing 12-month earnings as dividends (its payout ratio).
  • BNL's dividend has grown at an average rate of 8.5% a year over the past five years.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for BNL is $22.05 per share, 22% above the $18.13 share price, so BNL screens as undervalued.
  • Broadstone Net Lease, Inc. (BNL) pays its dividend quarterly, 4 times a year.
  • Broadstone Net Lease, Inc. (BNL) has raised its regular dividend 9 times and cut it 0 times across the 25 payments on record since 2020. Its most recent change was a 1.0% increase to $0.293 per share, going ex-dividend on Mar 31, 2026.
Cite this page

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

Summary

As of Oct 18, 2026, Broadstone Net Lease, Inc. (BNL) yields 6.45% ($1.17 a year per share), has a dividend safety grade of B (70/100) and has 5 consecutive years of dividend increases on record.

Is BNL a good dividend stock?

Yes, with caveats

Broadstone Net Lease, Inc. (BNL) pays a quarterly dividend yielding 6.45% ($1.17/yr), with 5 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record
  • Strong 8.5% 5-yr dividend growth

Risks

  • Elevated payout ratio (153%)
  • Share price is down over the past 5 years

Key Data

Dividend Yield
6.45%
Payout Ratio
153%
Annual Dividend
$1.17
5-Yr Avg Growth
8.5%
Ex-Dividend Date
Sep 30, 2026
Years of Growth
5
Frequency
quarterly
Beta
0.94
Market Cap
$3.9B
P/E Ratio
23.9
5-Yr Total Return
-27%
52-Week Range
$17.16 – $23.10
Dividend Safety
B · 70/100
Ever Cut?
No

BNL dividend raises and cuts

Broadstone Net Lease, Inc. (BNL) has raised its regular dividend 9 times and cut it 0 times across the 25 payments on record since 2020. Its most recent change was a 1.0% increase to $0.293 per share, going ex-dividend on Mar 31, 2026.

Ex-dateChangeOld → newMove
Mar 31, 2026Raise$0.290 → $0.293+1.0%
Jun 28, 2024Raise$0.285 → $0.290+1.8%
Dec 28, 2023Raise$0.280 → $0.285+1.8%
Jun 29, 2023Raise$0.275 → $0.280+1.8%
Dec 29, 2022Raise$0.270 → $0.275+1.9%
Jun 29, 2022Raise$0.265 → $0.270+1.9%
Dec 30, 2021Raise$0.255 → $0.265+3.9%
Jun 29, 2021Raise$0.250 → $0.255+2.0%
Dec 30, 2020Raise$0.135 → $0.250+85.2%
Every BNL payment →Download every raise and cut (CSV)
BNL ex-dividend date & scheduleNext ex-date Sep 30, 2026 · full ex-dividend historyView →BNL dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is BNL a good dividend stock?

Yes, with caveats. Broadstone Net Lease, Inc. (BNL) pays a quarterly dividend yielding 6.45% ($1.17/yr), with 5 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is BNL undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BNL's fair value is about $22.05 versus a $18.13 share price — so it looks undervalued (+22% vs. fair value).

Is BNL's dividend safe?

BNL has a dividend-safety grade of B (70/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is BNL's fair value?

Our blended fair-value estimate for BNL is about $22.05 per share, roughly 22% above the current $18.13 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BNL a buy, hold, or sell?

We don't issue formal ratings, but on the data BNL screens as "yes, with caveats" and undervalued. Broadstone Net Lease, Inc. (BNL) pays a quarterly dividend yielding 6.45% ($1.17/yr), with 5 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will BNL cut its dividend?

BNL earns a dividend-safety grade of B (70/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BNL pay a dividend?

Yes. Broadstone Net Lease, Inc. pays a quarterly dividend of about $1.17 per share annually, a forward yield of roughly 6.45%.

What is BNL's dividend yield?

As of Oct 18, 2026, BNL's forward dividend yield is 6.45%, based on a $1.17 annual dividend and a $18.13 share price.

What is BNL's dividend per share?

As of Oct 18, 2026, BNL pays $1.17 per share per year, distributed on a quarterly basis.

What is BNL's dividend payout ratio?

As of Oct 18, 2026, BNL's payout ratio is 153% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has BNL grown its dividend?

As of Oct 18, 2026, BNL has increased its dividend for 5 consecutive years.

When is the next BNL ex-dividend date?

As of Oct 18, 2026, BNL's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.29 per share.

Income Calculator

At $1.17 / yr per share

Per payment (quarterly)$29.25
Annual$117.00
Monthly avg$9.75

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