NexPoint Real Estate Finance, Inc.
NREFReal Estate · REIT - Mortgage · Stock · quarterly payer
Forward Yield
12.99%
Annual Dividend
$2.00
Payout Ratio
87%
5-Yr Growth
7.1%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Key facts about NREF's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, NexPoint Real Estate Finance, Inc. (NREF) has a forward dividend yield of 12.99%, based on an annual dividend of $2.00 per share and a share price of $15.40.
- As of Oct 27, 2026, NREF's dividend safety grade from SmarterDividends is D (46 out of 100), which rates the dividend as unsafe.
- NREF last cut its regular dividend in 2024.
- NREF's most recent ex-dividend date was Sep 15, 2026, for a dividend of $0.50 per share.
- As of Oct 27, 2026, NREF pays out 87% of its trailing 12-month earnings as dividends (its payout ratio).
- NREF's dividend has grown at an average rate of 7.1% a year over the past five years.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for NREF is $41.19 per share, 167% above the $15.40 share price, so NREF screens as undervalued.
- NexPoint Real Estate Finance, Inc. (NREF) pays its dividend quarterly, 4 times a year.
- NexPoint Real Estate Finance, Inc. (NREF) has raised its regular dividend 4 times and cut it 1 time across the 27 payments on record since 2020. Its most recent change was a 27.0% cut to $0.500 per share, going ex-dividend on Mar 14, 2024.
- NexPoint Real Estate Finance (NREF) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 37.0%, was declared on Feb 23, 2023.
Cite this page
SmarterDividends, "NREF Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/NREF
Summary
As of Oct 27, 2026, NexPoint Real Estate Finance, Inc. (NREF) yields 12.99% ($2.00 a year per share) and has a dividend safety grade of D (46/100).
Is NREF a good dividend stock?
MixedNexPoint Real Estate Finance, Inc. (NREF) pays a quarterly dividend yielding 12.99% ($2.00/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
- Strong 7.1% 5-yr dividend growth
Risks
- Cut its dividend in 2024
- Elevated payout ratio (87%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 12.99%
- Payout Ratio
- 87%
- Annual Dividend
- $2.00
- 5-Yr Avg Growth
- 7.1%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.14
- Market Cap
- $354.7M
- P/E Ratio
- 6.7
- 5-Yr Total Return
- -26%
- 52-Week Range
- $12.36 – $18.43
- Dividend Safety
- D · 46/100
- Ever Cut?
- Yes (2024)
NREF dividend raises and cuts
NexPoint Real Estate Finance, Inc. (NREF) has raised its regular dividend 4 times and cut it 1 time across the 27 payments on record since 2020. Its most recent change was a 27.0% cut to $0.500 per share, going ex-dividend on Mar 14, 2024.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 14, 2024 | Cut | $0.685 → $0.500 | −27.0% |
| Mar 14, 2023 | Raise | $0.500 → $0.685 | +37.0% |
| Mar 14, 2022 | Raise | $0.475 → $0.500 | +5.3% |
| Mar 12, 2021 | Raise | $0.400 → $0.475 | +18.7% |
| Jun 12, 2020 | Raise | $0.220 → $0.400 | +81.8% |
Frequently Asked Questions
Is NREF a good dividend stock?
Mixed. NexPoint Real Estate Finance, Inc. (NREF) pays a quarterly dividend yielding 12.99% ($2.00/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 NREF undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NREF's fair value is about $41.19 versus a $15.40 share price — so it looks undervalued (+167% vs. fair value).
Is NREF's dividend safe?
NREF has a dividend-safety grade of D (46/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2024, debt and yield-versus-history.
What is NREF's fair value?
Our blended fair-value estimate for NREF is about $41.19 per share, roughly 167% above the current $15.40 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is NREF a buy, hold, or sell?
We don't issue formal ratings, but on the data NREF screens as "mixed" and undervalued. NexPoint Real Estate Finance, Inc. (NREF) pays a quarterly dividend yielding 12.99% ($2.00/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 NREF cut its dividend?
NREF earns a dividend-safety grade of D (46/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does NREF pay a dividend?
Yes. NexPoint Real Estate Finance, Inc. pays a quarterly dividend of about $2.00 per share annually, a forward yield of roughly 12.99%.
What is NREF's dividend yield?
As of Oct 27, 2026, NREF's forward dividend yield is 12.99%, based on a $2.00 annual dividend and a $15.40 share price.
What is NREF's dividend per share?
As of Oct 27, 2026, NREF pays $2.00 per share per year, distributed on a quarterly basis.
What is NREF's dividend payout ratio?
As of Oct 27, 2026, NREF's payout ratio is 87% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has NREF grown its dividend?
NREF does not currently have a long dividend-growth streak on record.
When is the next NREF ex-dividend date?
As of Oct 27, 2026, NREF's next ex-dividend date hasn't been announced. The most recent was Sep 15, 2026, for $0.50 per share.
NREF Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
-5%
5 Years
-26%
52-Week Range
$12.36 – $18.43
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NREF worth?
Undervaluedlow confidenceOur blended fair-value estimate for NexPoint Real Estate Finance, Inc. is $41.19 per share, versus a market price of $15.40. That implies 167% of upside — a margin of safety of about 63%.
Fair Value
$41.19
Current Price
$15.40
Upside
+167%
Margin of Safety
63%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 10.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $2.29 EPS, $2.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NREF Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full NREF dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | Sep 30, 2026 | $0.5000 | regular |
| Jun 15, 2026 | Jun 30, 2026 | $0.5000 | regular |
| Mar 13, 2026 | Mar 31, 2026 | $0.5000 | regular |
| Dec 15, 2025 | Dec 31, 2025 | $0.5000 | regular |
| Sep 15, 2025 | Sep 30, 2025 | $0.5000 | regular |
| Jun 13, 2025 | Jun 30, 2025 | $0.5000 | regular |
| Mar 14, 2025 | Mar 31, 2025 | $0.5000 | regular |
| Dec 13, 2024 | Dec 31, 2024 | $0.5000 | regular |
| Sep 13, 2024 | Sep 30, 2024 | $0.5000 | regular |
| Jun 14, 2024 | Jun 28, 2024 | $0.5000 | regular |
| Mar 14, 2024 | Mar 28, 2024 | $0.5000 | regular |
| Dec 14, 2023 | Dec 29, 2023 | $0.6850 | regular |
| Sep 14, 2023 | Sep 29, 2023 | $0.6850 | regular |
| Jun 14, 2023 | Jun 30, 2023 | $0.6850 | regular |
Income Calculator
At $2.00 / yr per share
Similar Dividend Stocks
Compare NREF
Explore more
Lists and tools related to NREF
- Companies that raise dividends in February →
- Stocks that pay dividends in December →
- Undervalued dividend stocks →
- Real Estate dividend stocks →
- NREF dividend calculator →
- NREF DRIP calculator →
- NREF: last day to buy for the dividend →
- Embed NREF dividend data on your site →
- Dividend increases & cuts this week →
- Dividend calendar →
- Dividend calculator →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →