Broadstone Net Lease, Inc.
BNLReal Estate · Stock · quarterly payer
Forward Yield
5.52%
Annual Dividend
$1.17
Payout Ratio
153%
5-Yr Growth
8.5%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Summary
As of August 2026, Broadstone Net Lease, Inc. (BNL) yields 5.52% ($1.17 per share annually), with a blended fair-value estimate of $19.39 — -8% downside, so it screens as fairly valued. Dividend safety grade: B (68/100). 5 years of dividend growth.
Is BNL a good dividend stock?
Yes, with caveatsBroadstone Net Lease, Inc. (BNL) pays a quarterly dividend yielding 5.52% ($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
- 5.52%
- 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
- 0.95
- Market Cap
- $4.6B
- P/E Ratio
- 28.0
- 5-Yr Total Return
- -15%
- 52-Week Range
- —
- Dividend Safety
- B · 68/100
- Ever Cut?
- No
Frequently Asked Questions
BNL Price — Last 12 Months
Daily close
Price Return
1 Year
+18%
3 Years
+48%
5 Years
-15%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BNL worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Broadstone Net Lease, Inc. is $19.39 per share, versus a market price of $21.12. That implies the stock is roughly fairly priced.
Fair Value
$19.39
Current Price
$21.12
Gap
-8%
Margin of Safety
-9%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.1% discount rate (CAPM), 3.9% stage-1 growth, 2.5% terminal growth, $0.76 EPS, $1.17 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BNL Dividend Safety Score
Safe
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 |
|---|---|---|---|
| Jun 30, 2026 | — | $0.2930 | regular |
| Mar 31, 2026 | — | $0.2930 | regular |
| Dec 31, 2025 | — | $0.2900 | regular |
| Sep 30, 2025 | — | $0.2900 | regular |
| Jun 30, 2025 | — | $0.2900 | regular |
| Mar 31, 2025 | — | $0.2900 | regular |
| Dec 31, 2024 | — | $0.2900 | regular |
| Sep 30, 2024 | — | $0.2900 | regular |
| Jun 28, 2024 | — | $0.2900 | regular |
| Mar 27, 2024 | — | $0.2850 | regular |
| Dec 28, 2023 | — | $0.2850 | regular |
| Sep 28, 2023 | — | $0.2800 | regular |
| Jun 29, 2023 | — | $0.2800 | regular |
| Mar 30, 2023 | — | $0.2750 | regular |
Income Calculator
At $1.17 / yr per share
