SmarterDividends
NNN

NNN REIT, Inc.

NNN35 yrs growth

Real Estate · REIT - Retail · Stock · quarterly payer

$40.50

Undervalued · +15% Add to Portfolio

Forward Yield

6.12%

Annual Dividend

$2.40

Payout Ratio

119%

5-Yr Growth

2.7%

Ex-Date

Jul 31, 2026

Frequency

Quarterly

Key facts about NNN's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 14, 2026, NNN REIT, Inc. (NNN) has a forward dividend yield of 6.12%, based on an annual dividend of $2.40 per share and a share price of $40.50.
  • As of Oct 14, 2026, NNN's dividend safety grade from SmarterDividends is A (83 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, NNN REIT, Inc. (NNN) has raised its dividend for 35 consecutive years as of Oct 14, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
  • NNN has never cut its regular dividend in the payment history SmarterDividends has on record.
  • NNN's most recent ex-dividend date was Jul 31, 2026, for a dividend of $0.62 per share.
  • As of Oct 14, 2026, NNN pays out 119% of its trailing 12-month earnings as dividends (its payout ratio).
  • NNN's dividend has grown at an average rate of 2.7% a year over the past five years.
  • As of Oct 14, 2026, NNN's 6.12% yield is 18% above its five-year average yield of 5.17%.
  • As of Oct 14, 2026, SmarterDividends' blended fair-value estimate for NNN is $46.77 per share, 15% above the $40.50 share price, so NNN screens as undervalued.
  • NNN REIT, Inc. (NNN) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "NNN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 14, 2026, https://smarterdividends.com/stocks/NNN

Summary

As of Oct 14, 2026, NNN REIT, Inc. (NNN) yields 6.12% ($2.40 a year per share), has a dividend safety grade of A (83/100) and has 35 consecutive years of dividend increases on record.

Is NNN a good dividend stock?

Yes

NNN REIT, Inc. (NNN) pays a quarterly dividend yielding 6.12% ($2.40/yr), with 35 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Dividend Aristocrat — 35 consecutive years of growth
  • Never cut its dividend on record
  • Top-tier dividend safety score

Risks

  • Elevated payout ratio (119%)
  • Share price is down over the past 5 years

Key Data

Dividend Yield
6.12%
Payout Ratio
119%
Annual Dividend
$2.40
5-Yr Avg Growth
2.7%
Ex-Dividend Date
Jul 31, 2026
Years of Growth
35
Frequency
quarterly
Beta
0.76
Market Cap
$7.8B
P/E Ratio
20.0
5-Yr Total Return
-11%
52-Week Range
$38.90 – $50.00
Dividend Safety
A · 83/100
Ever Cut?
No
NNN ex-dividend date & scheduleNext ex-date Jul 31, 2026 · full ex-dividend historyView →NNN dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is NNN a good dividend stock?

Yes. NNN REIT, Inc. (NNN) pays a quarterly dividend yielding 6.12% ($2.40/yr), with 35 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is NNN undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NNN's fair value is about $46.77 versus a $40.50 share price — so it looks undervalued (+15% vs. fair value).

Is NNN's dividend safe?

NNN has a dividend-safety grade of A (83/100), based on its payout coverage, free-cash-flow, 35-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is NNN's fair value?

Our blended fair-value estimate for NNN is about $46.77 per share, roughly 15% above the current $40.50 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NNN a buy, hold, or sell?

We don't issue formal ratings, but on the data NNN screens as "yes" and undervalued. NNN REIT, Inc. (NNN) pays a quarterly dividend yielding 6.12% ($2.40/yr), with 35 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will NNN cut its dividend?

NNN earns a dividend-safety grade of A (83/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NNN pay a dividend?

Yes. NNN REIT, Inc. pays a quarterly dividend of about $2.40 per share annually, a forward yield of roughly 6.12%.

What is NNN's dividend yield?

As of Oct 14, 2026, NNN's forward dividend yield is 6.12%, based on a $2.40 annual dividend and a $40.50 share price.

What is NNN's dividend per share?

As of Oct 14, 2026, NNN pays $2.40 per share per year, distributed on a quarterly basis.

What is NNN's dividend payout ratio?

As of Oct 14, 2026, NNN's payout ratio is 119% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has NNN grown its dividend?

As of Oct 14, 2026, NNN has increased its dividend for 35 consecutive years.

When is the next NNN ex-dividend date?

As of Oct 14, 2026, NNN's next ex-dividend date hasn't been announced. The most recent was Jul 31, 2026, for $0.62 per share.

NNN Dividend News

NNN
IncreaseNNN·Aug 25, 2026

NNN REIT Raises Quarterly Dividend 3.3% to $0.62

NNN REIT lifted its quarterly payout to $0.62, extending its long dividend-growth record as portfolio results and acquisition guidance improved.

Income Calculator

At $2.40 / yr per share

Per payment (quarterly)$60.00
Annual$240.00
Monthly avg$20.00

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