Alpine Income Property Trust, Inc.
PINEReal Estate · REIT - Retail · Stock · quarterly payer
Forward Yield
6.72%
Annual Dividend
$1.21
Payout Ratio
557%
5-Yr Growth
6.8%
Ex-Date
Sep 10, 2026
Frequency
Quarterly
Key facts about PINE's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Alpine Income Property Trust, Inc. (PINE) has a forward dividend yield of 6.72%, based on an annual dividend of $1.21 per share and a share price of $17.93.
- As of Oct 18, 2026, PINE's dividend safety grade from SmarterDividends is B (70 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, Alpine Income Property Trust, Inc. (PINE) has raised its dividend for 6 consecutive years as of Oct 18, 2026.
- PINE has never cut its regular dividend in the payment history SmarterDividends has on record.
- PINE's most recent ex-dividend date was Sep 10, 2026, for a dividend of $0.32 per share.
- PINE's dividend has grown at an average rate of 6.8% a year over the past five years.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for PINE is $19.48 per share, 9% above the $17.93 share price, so PINE screens as fairly valued.
- Alpine Income Property Trust, Inc. (PINE) pays its dividend quarterly, 4 times a year.
- Alpine Income Property Trust, Inc. (PINE) has raised its regular dividend 11 times and cut it 0 times across the 28 payments on record since 2019. Its most recent change was a 6.7% increase to $0.320 per share, going ex-dividend on Sep 10, 2026.
Cite this page
SmarterDividends, "PINE Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/PINE
Summary
As of Oct 18, 2026, Alpine Income Property Trust, Inc. (PINE) yields 6.72% ($1.21 a year per share), has a dividend safety grade of B (70/100) and has 6 consecutive years of dividend increases on record.
Is PINE a good dividend stock?
Yes, with caveatsAlpine Income Property Trust, Inc. (PINE) pays a quarterly dividend yielding 6.72% ($1.21/yr), with 6 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
- Strong 6.8% 5-yr dividend growth
Risks
- Elevated payout ratio (557%)
Key Data
- Dividend Yield
- 6.72%
- Payout Ratio
- 557%
- Annual Dividend
- $1.21
- 5-Yr Avg Growth
- 6.8%
- Ex-Dividend Date
- Sep 10, 2026
- Years of Growth
- 6
- Frequency
- quarterly
- Beta
- 0.59
- Market Cap
- $343.5M
- P/E Ratio
- 85.4
- 5-Yr Total Return
- 0%
- 52-Week Range
- $13.63 – $21.99
- Dividend Safety
- B · 70/100
- Ever Cut?
- No
PINE dividend raises and cuts
Alpine Income Property Trust, Inc. (PINE) has raised its regular dividend 11 times and cut it 0 times across the 28 payments on record since 2019. Its most recent change was a 6.7% increase to $0.320 per share, going ex-dividend on Sep 10, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Sep 10, 2026 | Raise | $0.300 → $0.320 | +6.7% |
| Mar 12, 2026 | Raise | $0.285 → $0.300 | +5.3% |
| Mar 13, 2025 | Raise | $0.280 → $0.285 | +1.8% |
| Sep 12, 2024 | Raise | $0.275 → $0.280 | +1.8% |
| Sep 9, 2022 | Raise | $0.270 → $0.275 | +1.9% |
| Dec 8, 2021 | Raise | $0.255 → $0.270 | +5.9% |
| Sep 8, 2021 | Raise | $0.250 → $0.255 | +2.0% |
| Jun 18, 2021 | Raise | $0.240 → $0.250 | +4.2% |
| Mar 19, 2021 | Raise | $0.220 → $0.240 | +9.1% |
| Dec 14, 2020 | Raise | $0.200 → $0.220 | +10.0% |
| Mar 19, 2020 | Raise | $0.0580 → $0.200 | +244.8% |
Frequently Asked Questions
Is PINE a good dividend stock?
Yes, with caveats. Alpine Income Property Trust, Inc. (PINE) pays a quarterly dividend yielding 6.72% ($1.21/yr), with 6 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Is PINE undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PINE's fair value is about $19.48 versus a $17.93 share price — so it looks fairly valued (+9% vs. fair value).
Is PINE's dividend safe?
PINE has a dividend-safety grade of B (70/100), based on its payout coverage, free-cash-flow, 6-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is PINE's fair value?
Our blended fair-value estimate for PINE is about $19.48 per share, roughly 9% above the current $17.93 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is PINE a buy, hold, or sell?
We don't issue formal ratings, but on the data PINE screens as "yes, with caveats" and fairly valued. Alpine Income Property Trust, Inc. (PINE) pays a quarterly dividend yielding 6.72% ($1.21/yr), with 6 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will PINE cut its dividend?
PINE earns a dividend-safety grade of B (70/100), 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 PINE pay a dividend?
Yes. Alpine Income Property Trust, Inc. pays a quarterly dividend of about $1.21 per share annually, a forward yield of roughly 6.72%.
What is PINE's dividend yield?
As of Oct 18, 2026, PINE's forward dividend yield is 6.72%, based on a $1.21 annual dividend and a $17.93 share price.
What is PINE's dividend per share?
As of Oct 18, 2026, PINE pays $1.21 per share per year, distributed on a quarterly basis.
What is PINE's dividend payout ratio?
As of Oct 18, 2026, PINE's payout ratio is 557% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has PINE grown its dividend?
As of Oct 18, 2026, PINE has increased its dividend for 6 consecutive years.
When is the next PINE ex-dividend date?
As of Oct 18, 2026, PINE's next ex-dividend date hasn't been announced. The most recent was Sep 10, 2026, for $0.32 per share.
PINE Price — Last 12 Months
Daily close
Price Return
1 Year
+3%
3 Years
+10%
5 Years
+0%
52-Week Range
$13.63 – $21.99
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PINE worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Alpine Income Property Trust, Inc. is $19.48 per share, versus a market price of $17.93. That implies the stock is roughly fairly priced.
Fair Value
$19.48
Current Price
$17.93
Gap
+9%
Margin of Safety
8%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 8.0% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $0.21 EPS, $1.21 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PINE Dividend Safety Score
Safe
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 PINE dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 10, 2026 | Sep 30, 2026 | $0.3200 | regular |
| Jun 11, 2026 | Jun 30, 2026 | $0.3000 | regular |
| Mar 12, 2026 | Mar 31, 2026 | $0.3000 | regular |
| Dec 11, 2025 | Dec 31, 2025 | $0.2850 | regular |
| Sep 11, 2025 | Sep 30, 2025 | $0.2850 | regular |
| Jun 12, 2025 | Jun 30, 2025 | $0.2850 | regular |
| Mar 13, 2025 | Mar 31, 2025 | $0.2850 | regular |
| Dec 12, 2024 | Dec 31, 2024 | $0.2800 | regular |
| Sep 12, 2024 | Sep 30, 2024 | $0.2800 | regular |
| Jun 13, 2024 | Jun 28, 2024 | $0.2750 | regular |
| Mar 13, 2024 | Mar 28, 2024 | $0.2750 | regular |
| Dec 13, 2023 | Dec 29, 2023 | $0.2750 | regular |
| Sep 13, 2023 | Sep 29, 2023 | $0.2750 | regular |
| Jun 7, 2023 | Jun 30, 2023 | $0.2750 | regular |
Income Calculator
At $1.21 / yr per share
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