SmarterDividends
ESRT

Empire State Realty Trust, Inc.

ESRT

Real Estate · REIT - Diversified · Stock · quarterly payer

$4.62

Overvalued · -69% Add to Portfolio

Forward Yield

3.03%

Annual Dividend

$0.14

Payout Ratio

700%

5-Yr Growth

-19.7%

Ex-Date

Sep 15, 2026

Frequency

Quarterly

Key facts about ESRT's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Empire State Realty Trust, Inc. (ESRT) has a forward dividend yield of 3.03%, based on an annual dividend of $0.14 per share and a share price of $4.62.
  • As of Oct 18, 2026, ESRT's dividend safety grade from SmarterDividends is D (48 out of 100), which rates the dividend as unsafe.
  • ESRT last cut its regular dividend in 2021.
  • ESRT's most recent ex-dividend date was Sep 15, 2026, for a dividend of $0.0350 per share.
  • ESRT's dividend has shrunk at an average rate of 19.7% a year over the past five years.
  • As of Oct 18, 2026, ESRT's 3.03% yield is 96% above its five-year average yield of 1.54%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for ESRT is $1.41 per share, 69% below the $4.62 share price, so ESRT screens as overvalued.
  • Empire State Realty Trust, Inc. (ESRT) pays its dividend quarterly, 4 times a year.
  • Empire State Realty Trust, Inc. (ESRT) has raised its regular dividend 2 times and cut it 1 time across the 49 payments on record since 2013. Its most recent change was a 66.7% cut to $0.0350 per share, going ex-dividend on Jun 14, 2021.
Cite this page

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

Summary

As of Oct 18, 2026, Empire State Realty Trust, Inc. (ESRT) yields 3.03% ($0.14 a year per share) and has a dividend safety grade of D (48/100).

Is ESRT a good dividend stock?

Mixed

Empire State Realty Trust, Inc. (ESRT) pays a quarterly dividend yielding 3.03% ($0.14/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 2021
    • Elevated payout ratio (700%)
    • Dividend has been shrinking, not growing
    • Share price is down over the past 5 years
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    3.03%
    Payout Ratio
    700%
    Annual Dividend
    $0.14
    5-Yr Avg Growth
    -19.7%
    Ex-Dividend Date
    Sep 15, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    1.42
    Market Cap
    $1.4B
    P/E Ratio
    231.0
    5-Yr Total Return
    -49%
    52-Week Range
    $3.93 – $8.04
    Dividend Safety
    D · 48/100
    Ever Cut?
    Yes (2021)

    ESRT dividend raises and cuts

    Empire State Realty Trust, Inc. (ESRT) has raised its regular dividend 2 times and cut it 1 time across the 49 payments on record since 2013. Its most recent change was a 66.7% cut to $0.0350 per share, going ex-dividend on Jun 14, 2021.

    Ex-dateChangeOld → newMove
    Jun 14, 2021Cut$0.105 → $0.0350−66.7%
    Jun 13, 2016Raise$0.0850 → $0.105+23.5%
    Mar 12, 2014Raise$0.0800 → $0.0850+6.3%
    Every ESRT payment →Download every raise and cut (CSV)
    ESRT ex-dividend date & scheduleNext ex-date Sep 15, 2026 · full ex-dividend historyView →ESRT dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is ESRT a good dividend stock?

    Mixed. Empire State Realty Trust, Inc. (ESRT) pays a quarterly dividend yielding 3.03% ($0.14/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 ESRT undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ESRT's fair value is about $1.41 versus a $4.62 share price — so it looks overvalued (-69% vs. fair value).

    Is ESRT's dividend safe?

    ESRT has a dividend-safety grade of D (48/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

    What is ESRT's fair value?

    Our blended fair-value estimate for ESRT is about $1.41 per share, about 69% below the current $4.62 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is ESRT a buy, hold, or sell?

    We don't issue formal ratings, but on the data ESRT screens as "mixed" and overvalued. Empire State Realty Trust, Inc. (ESRT) pays a quarterly dividend yielding 3.03% ($0.14/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 ESRT cut its dividend?

    ESRT earns a dividend-safety grade of D (48/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does ESRT pay a dividend?

    Yes. Empire State Realty Trust, Inc. pays a quarterly dividend of about $0.14 per share annually, a forward yield of roughly 3.03%.

    What is ESRT's dividend yield?

    As of Oct 18, 2026, ESRT's forward dividend yield is 3.03%, based on a $0.14 annual dividend and a $4.62 share price.

    What is ESRT's dividend per share?

    As of Oct 18, 2026, ESRT pays $0.14 per share per year, distributed on a quarterly basis.

    What is ESRT's dividend payout ratio?

    As of Oct 18, 2026, ESRT's payout ratio is 700% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has ESRT grown its dividend?

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

    When is the next ESRT ex-dividend date?

    As of Oct 18, 2026, ESRT's next ex-dividend date hasn't been announced. The most recent was Sep 15, 2026, for $0.0350 per share.

    Income Calculator

    At $0.14 / yr per share

    Per payment (quarterly)$3.50
    Annual$14.00
    Monthly avg$1.17

    Similar Dividend Stocks

    WELLWELLWelltower Inc.1.45%Real EstatePLDPLDPrologis, Inc.3.40%Real EstateEQIXEQIXEquinix, Inc.2.09%Real EstateAMTAMTAmerican Tower Corporation3.86%Real Estate

    Compare ESRT

    ESRT vs WELLESRT vs PLDESRT vs EQIXESRT vs AMT

    Explore more

    Lists and tools related to ESRT