CBL & Associates Properties, Inc.
CBLReal Estate · Stock · quarterly payer
Forward Yield
4.60%
Annual Dividend
$2.50
Payout Ratio
28%
5-Yr Growth
—
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Summary
As of September 2026, CBL & Associates Properties, Inc. (CBL) yields 4.60% ($2.50 per share annually), with a blended fair-value estimate of $23.95 — -56% downside, so it screens as overvalued. Dividend safety grade: C (50/100). 3 years of dividend growth.
Is CBL a good dividend stock?
MixedCBL & Associates Properties, Inc. (CBL) pays a quarterly dividend yielding 4.60% ($2.50/yr), with 3 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
- Never cut its dividend on record
- Comfortable payout ratio (28%)
- 75% total price return over 5 years
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 4.60%
- Payout Ratio
- 28%
- Annual Dividend
- $2.50
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- 1.41
- Market Cap
- $1.7B
- P/E Ratio
- 7.8
- 5-Yr Total Return
- 75%
- 52-Week Range
- $28.04 – $60.40
- Dividend Safety
- C · 50/100
- Ever Cut?
- No
Frequently Asked Questions
CBL Price — Last 12 Months
Daily close
Price Return
1 Year
+84%
3 Years
+162%
5 Years
+75%
52-Week Range
$28.04 – $60.40
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CBL worth?
Overvaluedlow confidenceOur blended fair-value estimate for CBL & Associates Properties, Inc. is $23.95 per share, versus a market price of $54.34. That implies 56% of downside.
Fair Value
$23.95
Current Price
$54.34
Downside
-56%
Margin of Safety
-127%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 11.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $6.94 EPS, $2.50 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CBL 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 15, 2026 | — | $0.6250 | regular |
| Jun 12, 2026 | — | $0.6250 | regular |
| Apr 10, 2026 | — | $0.1750 | regular |
| Mar 17, 2026 | — | $0.4500 | regular |
| Nov 25, 2025 | — | $0.4500 | regular |
| Sep 15, 2025 | — | $0.4500 | regular |
| Jun 13, 2025 | — | $0.4000 | regular |
| Mar 13, 2025 | — | $1.2000 | regular |
| Nov 25, 2024 | — | $0.4000 | regular |
| Sep 13, 2024 | — | $0.4000 | regular |
| Jun 13, 2024 | — | $0.4000 | regular |
| Mar 14, 2024 | — | $0.4000 | regular |
| Dec 11, 2023 | — | $0.3750 | regular |
| Sep 14, 2023 | — | $0.3750 | regular |
Income Calculator
At $2.50 / yr per share
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