Healthpeak Properties, Inc.

DOC

Real Estate · REIT - Healthcare Facilities · Stock · monthly payer

$18.98

Overvalued · -15% Add to Portfolio

Forward Yield

6.43%

Annual Dividend

$1.22

Payout Ratio

349%

5-Yr Growth

-22.7%

Ex-Date

Oct 19, 2026

Frequency

Monthly

Key facts about DOC's dividend

Data as of Oct 19, 2026 · Source: SmarterDividends data

As of Oct 19, 2026, Healthpeak Properties, Inc. (DOC) has a forward dividend yield of 6.43%, based on an annual dividend of $1.22 per share and a share price of $18.98.
As of Oct 19, 2026, DOC's dividend safety grade from SmarterDividends is C (53 out of 100), which rates the dividend as borderline.
DOC last cut its regular dividend in 2025.
DOC's next ex-dividend date is Oct 19, 2026, with payment on Oct 30, 2026. Shares must be owned before that date to receive the dividend.
As of Oct 19, 2026, DOC pays out 349% of its trailing 12-month earnings as dividends (its payout ratio).
DOC's dividend has shrunk at an average rate of 22.7% a year over the past five years.
As of Oct 19, 2026, DOC's 6.43% yield is 23% above its five-year average yield of 5.23%.
As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for DOC is $16.10 per share, 15% below the $18.98 share price, so DOC screens as overvalued.
Healthpeak Properties, Inc. (DOC) pays its dividend monthly, 12 times a year.
Healthpeak Properties, Inc. (DOC) has raised its regular dividend 77 times and cut it 4 times across the 172 payments on record since 1987. Its most recent change was a 66.6% cut to $0.102 per share, going ex-dividend on Apr 17, 2025.

Cite this page

SmarterDividends, "DOC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/DOC

Summary

As of Oct 19, 2026, Healthpeak Properties, Inc. (DOC) yields 6.43% ($1.22 a year per share) and has a dividend safety grade of C (53/100).

Is DOC a good dividend stock?

Mixed

Healthpeak Properties, Inc. (DOC) pays a monthly dividend yielding 6.43% ($1.22/yr), with 0 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

Risks

Cut its dividend in 2025
Elevated payout ratio (349%)
Dividend has been shrinking, not growing
Share price is down over the past 5 years

Key Data

Dividend Yield: 6.43%
Payout Ratio: 349%
Annual Dividend: $1.22
5-Yr Avg Growth: -22.7%
Ex-Dividend Date: Oct 19, 2026
Years of Growth: 0
Frequency: monthly
Beta: 0.99
Market Cap: $13.5B
P/E Ratio: 54.2
5-Yr Total Return: -42%
52-Week Range: $15.70 – $22.95
Dividend Safety: C · 53/100
Ever Cut?: Yes (2025)

DOC dividend raises and cuts

Healthpeak Properties, Inc. (DOC) has raised its regular dividend 77 times and cut it 4 times across the 172 payments on record since 1987. Its most recent change was a 66.6% cut to $0.102 per share, going ex-dividend on Apr 17, 2025.

Ex-date	Change	Old → new	Move
Apr 17, 2025	Cut	$0.305 → $0.102	−66.6%
Feb 14, 2025	Raise	$0.300 → $0.305	+1.7%
Feb 19, 2021	Cut	$0.370 → $0.300	−18.9%
Nov 8, 2016	Cut	$0.524 → $0.370	−29.3%
Feb 4, 2016	Raise	$0.515 → $0.524	+1.8%
Feb 5, 2015	Raise	$0.496 → $0.515	+3.7%
Feb 6, 2014	Raise	$0.478 → $0.496	+3.8%
Jan 31, 2013	Raise	$0.455 → $0.478	+5.0%
Feb 2, 2012	Raise	$0.437 → $0.455	+4.2%
Feb 8, 2011	Raise	$0.423 → $0.437	+3.2%
Feb 9, 2010	Raise	$0.419 → $0.423	+1.1%
Feb 5, 2009	Raise	$0.414 → $0.419	+1.1%

Show all 81 changes since 1987

Ex-date	Change	Old → new	Move
Feb 5, 2008	Raise	$0.405 → $0.414	+2.2%
Feb 1, 2007	Raise	$0.387 → $0.405	+4.7%
Feb 9, 2006	Raise	$0.383 → $0.387	+1.2%
Feb 3, 2005	Raise	$0.381 → $0.383	+0.5%
May 4, 2004	Raise	$0.380 → $0.381	+0.1%
Feb 2, 2004	Raise	$0.378 → $0.380	+0.6%
Nov 6, 2002	Raise	$0.373 → $0.378	+1.2%
Aug 1, 2002	Raise	$0.369 → $0.373	+1.2%
May 2, 2002	Raise	$0.364 → $0.369	+1.2%
Jan 31, 2002	Raise	$0.360 → $0.364	+1.3%
Oct 31, 2001	Raise	$0.355 → $0.360	+1.3%
Aug 1, 2001	Raise	$0.351 → $0.355	+1.3%
May 1, 2001	Raise	$0.346 → $0.351	+1.3%
Feb 1, 2001	Raise	$0.342 → $0.346	+1.3%
Nov 1, 2000	Raise	$0.337 → $0.342	+1.4%
Aug 1, 2000	Raise	$0.332 → $0.337	+1.4%
May 1, 2000	Raise	$0.328 → $0.332	+1.4%
Feb 1, 2000	Raise	$0.323 → $0.328	+1.4%
Oct 19, 1999	Raise	$0.319 → $0.323	+1.4%
Jul 29, 1999	Raise	$0.314 → $0.319	+1.4%
Apr 29, 1999	Raise	$0.310 → $0.314	+1.5%
Feb 1, 1999	Raise	$0.305 → $0.310	+1.5%
Oct 30, 1998	Raise	$0.301 → $0.305	+1.5%
Jul 30, 1998	Raise	$0.296 → $0.301	+1.5%
Apr 30, 1998	Raise	$0.291 → $0.296	+1.6%
Feb 5, 1998	Raise	$0.287 → $0.291	+1.6%
Oct 30, 1997	Raise	$0.282 → $0.287	+1.6%
Jul 31, 1997	Raise	$0.278 → $0.282	+1.6%
Apr 30, 1997	Raise	$0.273 → $0.278	+1.7%
Jan 30, 1997	Raise	$0.269 → $0.273	+1.7%
Oct 31, 1996	Raise	$0.264 → $0.269	+1.7%
Jul 31, 1996	Raise	$0.260 → $0.264	+1.8%
May 1, 1996	Raise	$0.255 → $0.260	+1.8%
Feb 1, 1996	Raise	$0.250 → $0.255	+1.8%
Nov 1, 1995	Raise	$0.246 → $0.250	+1.9%
Aug 1, 1995	Raise	$0.241 → $0.246	+1.9%
Apr 27, 1995	Raise	$0.237 → $0.241	+1.9%
Jan 17, 1995	Raise	$0.232 → $0.237	+2.0%
Nov 2, 1994	Raise	$0.228 → $0.232	+2.0%
Jul 28, 1994	Raise	$0.223 → $0.228	+2.0%
Apr 28, 1994	Raise	$0.219 → $0.223	+2.1%
Jan 28, 1994	Raise	$0.215 → $0.219	+1.7%
Oct 28, 1993	Raise	$0.212 → $0.215	+1.5%
Jul 28, 1993	Raise	$0.208 → $0.212	+1.8%
Apr 27, 1993	Raise	$0.205 → $0.208	+1.6%
Jan 28, 1993	Raise	$0.201 → $0.205	+1.8%
Oct 28, 1992	Raise	$0.198 → $0.201	+1.6%
Jul 28, 1992	Raise	$0.195 → $0.198	+1.8%
Apr 28, 1992	Raise	$0.191 → $0.195	+1.8%
Jan 21, 1992	Raise	$0.188 → $0.191	+1.6%
Oct 28, 1991	Raise	$0.186 → $0.188	+1.5%
Jul 30, 1991	Raise	$0.183 → $0.186	+1.6%
Apr 29, 1991	Raise	$0.180 → $0.183	+1.5%
Jan 30, 1991	Raise	$0.177 → $0.180	+1.7%
Oct 29, 1990	Raise	$0.174 → $0.177	+1.6%
Jul 30, 1990	Raise	$0.171 → $0.174	+1.7%
Apr 30, 1990	Raise	$0.168 → $0.171	+1.6%
Jan 30, 1990	Raise	$0.166 → $0.168	+1.8%
Oct 30, 1989	Raise	$0.163 → $0.166	+1.7%
Jul 28, 1989	Raise	$0.115 → $0.163	+41.0%
Apr 3, 1989	Cut	$0.157 → $0.115	−26.5%
Jan 26, 1989	Raise	$0.154 → $0.157	+1.9%
Oct 26, 1988	Raise	$0.151 → $0.154	+1.8%
Jul 26, 1988	Raise	$0.148 → $0.151	+2.0%
Apr 28, 1988	Raise	$0.146 → $0.148	+1.9%
Feb 1, 1988	Raise	$0.143 → $0.146	+1.6%
Oct 28, 1987	Raise	$0.141 → $0.143	+1.6%
Jul 28, 1987	Raise	$0.139 → $0.141	+1.6%
Apr 28, 1987	Raise	$0.137 → $0.139	+1.7%

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

DOC ex-dividend date & scheduleNext ex-date Oct 19, 2026 · full ex-dividend historyView →DOC dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is DOC a good dividend stock?

Mixed. Healthpeak Properties, Inc. (DOC) pays a monthly dividend yielding 6.43% ($1.22/yr), with 0 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.

Is DOC undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DOC's fair value is about $16.10 versus a $18.98 share price — so it looks overvalued (-15% vs. fair value).

Is DOC's dividend safe?

DOC has a dividend-safety grade of C (53/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is DOC's fair value?

Our blended fair-value estimate for DOC is about $16.10 per share, about 15% below the current $18.98 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is DOC a buy, hold, or sell?

We don't issue formal ratings, but on the data DOC screens as "mixed" and overvalued. Healthpeak Properties, Inc. (DOC) pays a monthly dividend yielding 6.43% ($1.22/yr), with 0 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. This is research for your own analysis, not investment advice.

Will DOC cut its dividend?

DOC earns a dividend-safety grade of C (53/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does DOC pay a dividend?

Yes. Healthpeak Properties, Inc. pays a monthly dividend of about $1.22 per share annually, a forward yield of roughly 6.43%.

What is DOC's dividend yield?

As of Oct 19, 2026, DOC's forward dividend yield is 6.43%, based on a $1.22 annual dividend and a $18.98 share price.

What is DOC's dividend per share?

As of Oct 19, 2026, DOC pays $1.22 per share per year, distributed on a monthly basis.

What is DOC's dividend payout ratio?

As of Oct 19, 2026, DOC's payout ratio is 349% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has DOC grown its dividend?

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

When is the next DOC ex-dividend date?

As of Oct 19, 2026, the next ex-dividend date on record for DOC is Oct 19, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full DOC dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 14, 2026	Sep 25, 2026	$0.1020	regular
Aug 17, 2026	Aug 28, 2026	$0.1020	regular
Jul 20, 2026	Jul 31, 2026	$0.1020	regular
Jun 15, 2026	Jun 26, 2026	$0.1020	regular
May 18, 2026	May 29, 2026	$0.1020	regular
Apr 17, 2026	Apr 30, 2026	$0.1020	regular
Mar 17, 2026	Mar 31, 2026	$0.1020	regular
Feb 13, 2026	Feb 27, 2026	$0.1020	regular
Jan 16, 2026	Jan 30, 2026	$0.1020	regular
Dec 19, 2025	Dec 30, 2025	$0.1020	regular
Nov 14, 2025	Nov 26, 2025	$0.1020	regular
Oct 17, 2025	Oct 30, 2025	$0.1020	regular
Sep 19, 2025	Sep 30, 2025	$0.1020	regular
Aug 18, 2025	Aug 29, 2025	$0.1020	regular