SmarterDividends
NHI

National Health Investors, Inc.

NHI

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

$65.36

Fairly valued · +10% Add to Portfolio

Forward Yield

5.73%

Annual Dividend

$3.68

Payout Ratio

106%

5-Yr Growth

-3.8%

Ex-Date

Sep 30, 2026

Frequency

Quarterly

Key facts about NHI's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 15, 2026, National Health Investors, Inc. (NHI) has a forward dividend yield of 5.73%, based on an annual dividend of $3.68 per share and a share price of $65.36.
  • As of Oct 15, 2026, NHI's dividend safety grade from SmarterDividends is C (61 out of 100), which rates the dividend as borderline.
  • NHI last cut its regular dividend in 2021.
  • NHI's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.94 per share.
  • As of Oct 15, 2026, NHI pays out 106% of its trailing 12-month earnings as dividends (its payout ratio).
  • NHI's dividend has shrunk at an average rate of 3.8% a year over the past five years.
  • As of Oct 15, 2026, SmarterDividends' blended fair-value estimate for NHI is $72.02 per share, 10% above the $65.36 share price, so NHI screens as fairly valued.
  • National Health Investors, Inc. (NHI) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "NHI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 15, 2026, https://smarterdividends.com/stocks/NHI

Summary

As of Oct 15, 2026, National Health Investors, Inc. (NHI) yields 5.73% ($3.68 a year per share) and has a dividend safety grade of C (61/100).

Is NHI a good dividend stock?

Yes, with caveats

National Health Investors, Inc. (NHI) pays a quarterly dividend yielding 5.73% ($3.68/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2021
    • Elevated payout ratio (106%)
    • Dividend has been shrinking, not growing

    Key Data

    Dividend Yield
    5.73%
    Payout Ratio
    106%
    Annual Dividend
    $3.68
    5-Yr Avg Growth
    -3.8%
    Ex-Dividend Date
    Sep 30, 2026
    Years of Growth
    1
    Frequency
    quarterly
    Beta
    0.52
    Market Cap
    $3.2B
    P/E Ratio
    18.9
    5-Yr Total Return
    21%
    52-Week Range
    $63.51 – $91.38
    Dividend Safety
    C · 61/100
    Ever Cut?
    Yes (2021)
    NHI ex-dividend date & scheduleNext ex-date Sep 30, 2026 · full ex-dividend historyView →NHI dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is NHI a good dividend stock?

    Yes, with caveats. National Health Investors, Inc. (NHI) pays a quarterly dividend yielding 5.73% ($3.68/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

    Is NHI undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NHI's fair value is about $72.02 versus a $65.36 share price — so it looks fairly valued (+10% vs. fair value).

    Is NHI's dividend safe?

    NHI has a dividend-safety grade of C (61/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

    What is NHI's fair value?

    Our blended fair-value estimate for NHI is about $72.02 per share, roughly 10% above the current $65.36 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is NHI a buy, hold, or sell?

    We don't issue formal ratings, but on the data NHI screens as "yes, with caveats" and fairly valued. National Health Investors, Inc. (NHI) pays a quarterly dividend yielding 5.73% ($3.68/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will NHI cut its dividend?

    NHI earns a dividend-safety grade of C (61/100), 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 NHI pay a dividend?

    Yes. National Health Investors, Inc. pays a quarterly dividend of about $3.68 per share annually, a forward yield of roughly 5.73%.

    What is NHI's dividend yield?

    As of Oct 15, 2026, NHI's forward dividend yield is 5.73%, based on a $3.68 annual dividend and a $65.36 share price.

    What is NHI's dividend per share?

    As of Oct 15, 2026, NHI pays $3.68 per share per year, distributed on a quarterly basis.

    What is NHI's dividend payout ratio?

    As of Oct 15, 2026, NHI's payout ratio is 106% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has NHI grown its dividend?

    As of Oct 15, 2026, NHI has increased its dividend for 1 consecutive years.

    When is the next NHI ex-dividend date?

    As of Oct 15, 2026, NHI's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.94 per share.

    Income Calculator

    At $3.68 / yr per share

    Per payment (quarterly)$92.00
    Annual$368.00
    Monthly avg$30.67

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