SmarterDividends
NNN

NNN REIT, Inc.

NNN35 yrs growth

Real Estate · REIT - Retail · Stock · quarterly payer

$41.54

Fairly valued · +14% Add to Portfolio

Forward Yield

5.97%

Annual Dividend

$2.48

Payout Ratio

119%

5-Yr Growth

2.7%

Ex-Date

Oct 30, 2026

Frequency

Quarterly

Key facts about NNN's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 19, 2026, NNN REIT, Inc. (NNN) has a forward dividend yield of 5.97%, based on an annual dividend of $2.48 per share and a share price of $41.54.
  • As of Oct 19, 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 19, 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 next ex-dividend date is Oct 30, 2026, with payment on Nov 13, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 19, 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 19, 2026, NNN's 5.97% yield is 16% above its five-year average yield of 5.17%.
  • As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for NNN is $47.50 per share, 14% above the $41.54 share price, so NNN screens as fairly valued.
  • NNN REIT, Inc. (NNN) pays its dividend quarterly, 4 times a year.
  • NNN REIT, Inc. (NNN) has raised its regular dividend 29 times and cut it 0 times across the 145 payments on record since 1990. Its most recent change was a 3.3% increase to $0.620 per share, going ex-dividend on Jul 31, 2026.
Cite this page

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

Summary

As of Oct 19, 2026, NNN REIT, Inc. (NNN) yields 5.97% ($2.48 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 5.97% ($2.48/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
5.97%
Payout Ratio
119%
Annual Dividend
$2.48
5-Yr Avg Growth
2.7%
Ex-Dividend Date
Oct 30, 2026
Years of Growth
35
Frequency
quarterly
Beta
0.76
Market Cap
$8.0B
P/E Ratio
20.6
5-Yr Total Return
-6%
52-Week Range
$38.90 – $50.00
Dividend Safety
A · 83/100
Ever Cut?
No

NNN dividend raises and cuts

NNN REIT, Inc. (NNN) has raised its regular dividend 29 times and cut it 0 times across the 145 payments on record since 1990. Its most recent change was a 3.3% increase to $0.620 per share, going ex-dividend on Jul 31, 2026.

Ex-dateChangeOld → newMove
Jul 31, 2026Raise$0.600 → $0.620+3.3%
Jul 31, 2025Raise$0.580 → $0.600+3.4%
Jul 31, 2024Raise$0.565 → $0.580+2.7%
Jul 28, 2023Raise$0.550 → $0.565+2.7%
Jul 28, 2022Raise$0.530 → $0.550+3.8%
Jul 29, 2021Raise$0.520 → $0.530+1.9%
Jul 30, 2020Raise$0.515 → $0.520+1.0%
Jul 30, 2019Raise$0.500 → $0.515+3.0%
Jul 30, 2018Raise$0.475 → $0.500+5.3%
Jul 27, 2017Raise$0.455 → $0.475+4.4%
Jul 27, 2016Raise$0.435 → $0.455+4.6%
Jul 29, 2015Raise$0.420 → $0.435+3.6%
Show all 29 changes since 1990
Ex-dateChangeOld → newMove
Jul 29, 2014Raise$0.405 → $0.420+3.7%
Jul 29, 2013Raise$0.395 → $0.405+2.5%
Jul 27, 2012Raise$0.385 → $0.395+2.6%
Jul 27, 2011Raise$0.380 → $0.385+1.3%
Jul 28, 2010Raise$0.375 → $0.380+1.3%
Apr 28, 2008Raise$0.355 → $0.375+5.6%
Apr 26, 2007Raise$0.335 → $0.355+6.0%
Jul 27, 2006Raise$0.325 → $0.335+3.1%
Jul 28, 2004Raise$0.320 → $0.325+1.6%
Jul 29, 2002Raise$0.315 → $0.320+1.6%
Oct 27, 2000Raise$0.310 → $0.315+1.6%
Apr 28, 1998Raise$0.300 → $0.310+3.3%
Jul 29, 1996Raise$0.290 → $0.300+3.4%
Jul 25, 1994Raise$0.280 → $0.290+3.6%
Jul 26, 1993Raise$0.270 → $0.280+3.7%
Oct 25, 1991Raise$0.260 → $0.270+3.8%
Oct 25, 1990Raise$0.250 → $0.260+4.0%
Every NNN payment →Download every raise and cut (CSV)
NNN ex-dividend date & scheduleNext ex-date Oct 30, 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 5.97% ($2.48/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 $47.50 versus a $41.54 share price — so it looks fairly valued (+14% 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 $47.50 per share, roughly 14% above the current $41.54 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 fairly valued. NNN REIT, Inc. (NNN) pays a quarterly dividend yielding 5.97% ($2.48/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 $2.48 per share annually, a forward yield of roughly 5.97%.

What is NNN's dividend yield?

As of Oct 19, 2026, NNN's forward dividend yield is 5.97%, based on a $2.48 annual dividend and a $41.54 share price.

What is NNN's dividend per share?

As of Oct 19, 2026, NNN pays $2.48 per share per year, distributed on a quarterly basis.

What is NNN's dividend payout ratio?

As of Oct 19, 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 19, 2026, NNN has increased its dividend for 35 consecutive years.

When is the next NNN ex-dividend date?

As of Oct 19, 2026, the next ex-dividend date on record for NNN is Oct 30, 2026.

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 $2.48 / yr per share

Per payment (quarterly)$62.00
Annual$248.00
Monthly avg$20.67

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