SmarterDividends
IRT

Independence Realty Trust, Inc.

IRT

Real Estate · REIT - Residential · Stock · quarterly payer

$14.77

Fairly valued · +14% Add to Portfolio

Forward Yield

4.87%

Annual Dividend

$0.72

Payout Ratio

383%

5-Yr Growth

4.4%

Ex-Date

Sep 30, 2026

Frequency

Quarterly

Key facts about IRT's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Independence Realty Trust, Inc. (IRT) has a forward dividend yield of 4.87%, based on an annual dividend of $0.72 per share and a share price of $14.77.
  • As of Oct 18, 2026, IRT's dividend safety grade from SmarterDividends is C (51 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Independence Realty Trust, Inc. (IRT) has raised its dividend for 4 consecutive years as of Oct 18, 2026.
  • IRT last cut its regular dividend in 2021.
  • IRT's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.18 per share.
  • As of Oct 18, 2026, IRT pays out 383% of its trailing 12-month earnings as dividends (its payout ratio).
  • IRT's dividend has grown at an average rate of 4.4% a year over the past five years.
  • As of Oct 18, 2026, IRT's 4.87% yield is 46% above its five-year average yield of 3.34%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for IRT is $16.77 per share, 14% above the $14.77 share price, so IRT screens as fairly valued.
  • Independence Realty Trust, Inc. (IRT) pays its dividend quarterly, 4 times a year.
  • Independence Realty Trust, Inc. (IRT) has raised its regular dividend 8 times and cut it 3 times across the 91 payments on record since 2013. Its most recent change was a 5.9% increase to $0.180 per share, going ex-dividend on Jun 26, 2026. The last cut went ex-dividend on Dec 16, 2021.
Cite this page

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

Summary

As of Oct 18, 2026, Independence Realty Trust, Inc. (IRT) yields 4.87% ($0.72 a year per share), has a dividend safety grade of C (51/100) and has 4 consecutive years of dividend increases on record.

Is IRT a good dividend stock?

Mixed

Independence Realty Trust, Inc. (IRT) pays a quarterly dividend yielding 4.87% ($0.72/yr), with 4 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 2021
    • Elevated payout ratio (383%)
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    4.87%
    Payout Ratio
    383%
    Annual Dividend
    $0.72
    5-Yr Avg Growth
    4.4%
    Ex-Dividend Date
    Sep 30, 2026
    Years of Growth
    4
    Frequency
    quarterly
    Beta
    0.98
    Market Cap
    $3.6B
    P/E Ratio
    82.1
    5-Yr Total Return
    -40%
    52-Week Range
    $14.33 – $17.79
    Dividend Safety
    C · 51/100
    Ever Cut?
    Yes (2021)

    IRT dividend raises and cuts

    Independence Realty Trust, Inc. (IRT) has raised its regular dividend 8 times and cut it 3 times across the 91 payments on record since 2013. Its most recent change was a 5.9% increase to $0.180 per share, going ex-dividend on Jun 26, 2026. The last cut went ex-dividend on Dec 16, 2021.

    Ex-dateChangeOld → newMove
    Jun 26, 2026Raise$0.170 → $0.180+5.9%
    Jun 27, 2025Raise$0.160 → $0.170+6.3%
    Jun 29, 2023Raise$0.140 → $0.160+14.3%
    Jun 30, 2022Raise$0.120 → $0.140+16.7%
    Mar 31, 2022Raise$0.0990 → $0.120+21.2%
    Dec 16, 2021Cut$0.120 → $0.0990−17.5%
    Jul 1, 2020Cut$0.180 → $0.120−33.3%
    Apr 3, 2018Raise$0.0600 → $0.180+200.0%
    Oct 28, 2015Raise$0.0340 → $0.0600+76.5%
    Sep 11, 2015Cut$0.0600 → $0.0340−43.3%
    Jan 29, 2014Raise$0.0530 → $0.0600+13.2%
    Every IRT payment →Download every raise and cut (CSV)
    IRT ex-dividend date & scheduleNext ex-date Sep 30, 2026 · full ex-dividend historyView →IRT dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is IRT a good dividend stock?

    Mixed. Independence Realty Trust, Inc. (IRT) pays a quarterly dividend yielding 4.87% ($0.72/yr), with 4 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 IRT undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, IRT's fair value is about $16.77 versus a $14.77 share price — so it looks fairly valued (+14% vs. fair value).

    Is IRT's dividend safe?

    IRT has a dividend-safety grade of C (51/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

    What is IRT's fair value?

    Our blended fair-value estimate for IRT is about $16.77 per share, roughly 14% above the current $14.77 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is IRT a buy, hold, or sell?

    We don't issue formal ratings, but on the data IRT screens as "mixed" and fairly valued. Independence Realty Trust, Inc. (IRT) pays a quarterly dividend yielding 4.87% ($0.72/yr), with 4 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 IRT cut its dividend?

    IRT earns a dividend-safety grade of C (51/100), 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 IRT pay a dividend?

    Yes. Independence Realty Trust, Inc. pays a quarterly dividend of about $0.72 per share annually, a forward yield of roughly 4.87%.

    What is IRT's dividend yield?

    As of Oct 18, 2026, IRT's forward dividend yield is 4.87%, based on a $0.72 annual dividend and a $14.77 share price.

    What is IRT's dividend per share?

    As of Oct 18, 2026, IRT pays $0.72 per share per year, distributed on a quarterly basis.

    What is IRT's dividend payout ratio?

    As of Oct 18, 2026, IRT's payout ratio is 383% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has IRT grown its dividend?

    As of Oct 18, 2026, IRT has increased its dividend for 4 consecutive years.

    When is the next IRT ex-dividend date?

    As of Oct 18, 2026, IRT's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.18 per share.

    IRT Dividend News

    IRT
    IncreaseIRT·Jun 30, 2026

    Independence Realty Trust Raises Quarterly Dividend

    Independence Realty Trust lifted its quarterly dividend to $0.18 per share, extending its dividend-growth streak to four years.

    Income Calculator

    At $0.72 / yr per share

    Per payment (quarterly)$18.00
    Annual$72.00
    Monthly avg$6.00

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