Safehold Inc.
SAFEReal Estate · REIT - Diversified · Stock · quarterly payer
Forward Yield
6.24%
Annual Dividend
$0.71
Payout Ratio
44%
5-Yr Growth
-23.4%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Key facts about SAFE's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Safehold Inc. (SAFE) has a forward dividend yield of 6.24%, based on an annual dividend of $0.71 per share and a share price of $11.34.
- As of Oct 18, 2026, SAFE's dividend safety grade from SmarterDividends is C (57 out of 100), which rates the dividend as borderline.
- SAFE last cut its regular dividend in 2023.
- SAFE's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.18 per share.
- As of Oct 18, 2026, SAFE pays out 44% of its trailing 12-month earnings as dividends (its payout ratio).
- SAFE's dividend has shrunk at an average rate of 23.4% a year over the past five years.
- As of Oct 18, 2026, SAFE's 6.24% yield is 58% above its five-year average yield of 3.94%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for SAFE is $6.71 per share, 41% below the $11.34 share price, so SAFE screens as overvalued.
- Safehold Inc. (SAFE) pays its dividend quarterly, 4 times a year.
- Safehold Inc. (SAFE) has raised its regular dividend 19 times and cut it 1 time across the 75 payments on record since 1993. Its most recent change was a 84.0% cut to $0.177 per share, going ex-dividend on Jun 29, 2023.
Cite this page
SmarterDividends, "SAFE Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/SAFE
Summary
As of Oct 18, 2026, Safehold Inc. (SAFE) yields 6.24% ($0.71 a year per share) and has a dividend safety grade of C (57/100).
Is SAFE a good dividend stock?
MixedSafehold Inc. (SAFE) pays a quarterly dividend yielding 6.24% ($0.71/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (44%)
Risks
- Cut its dividend in 2023
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.24%
- Payout Ratio
- 44%
- Annual Dividend
- $0.71
- 5-Yr Avg Growth
- -23.4%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.77
- Market Cap
- $803.1M
- P/E Ratio
- 7.0
- 5-Yr Total Return
- -90%
- 52-Week Range
- $11.26 – $17.45
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2023)
SAFE dividend raises and cuts
Safehold Inc. (SAFE) has raised its regular dividend 19 times and cut it 1 time across the 75 payments on record since 1993. Its most recent change was a 84.0% cut to $0.177 per share, going ex-dividend on Jun 29, 2023.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 29, 2023 | Cut | $1.11 → $0.177 | −84.0% |
| Mar 29, 2023 | Raise | $0.781 → $1.11 | +41.6% |
| May 28, 2021 | Raise | $0.688 → $0.781 | +13.6% |
| May 29, 2020 | Raise | $0.625 → $0.688 | +10.0% |
| May 14, 2019 | Raise | $0.563 → $0.625 | +11.1% |
| Dec 13, 2007 | Raise | $5.16 → $5.44 | +5.5% |
| Apr 12, 2007 | Raise | $4.81 → $5.16 | +7.1% |
| Apr 11, 2006 | Raise | $4.58 → $4.81 | +5.0% |
| Apr 13, 2005 | Raise | $4.36 → $4.58 | +5.0% |
| Apr 13, 2004 | Raise | $4.14 → $4.36 | +5.3% |
| Apr 11, 2003 | Raise | $3.94 → $4.14 | +5.2% |
| Apr 11, 2002 | Raise | $3.83 → $3.94 | +2.8% |
Show all 20 changes since 1998
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Apr 11, 2001 | Raise | $3.75 → $3.83 | +2.2% |
| Apr 12, 2000 | Raise | $3.56 → $3.75 | +5.3% |
| Dec 29, 1999 | Raise | $2.75 → $3.56 | +29.5% |
| Oct 13, 1999 | Raise | $2.69 → $2.75 | +2.3% |
| Jul 13, 1999 | Raise | $2.63 → $2.69 | +2.4% |
| Apr 13, 1999 | Raise | $2.56 → $2.63 | +2.4% |
| Dec 29, 1998 | Raise | $2.38 → $2.56 | +7.9% |
| Oct 13, 1998 | Raise | $2.19 → $2.38 | +8.6% |
Frequently Asked Questions
Is SAFE a good dividend stock?
Mixed. Safehold Inc. (SAFE) pays a quarterly dividend yielding 6.24% ($0.71/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Is SAFE undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SAFE's fair value is about $6.71 versus a $11.34 share price — so it looks overvalued (-41% vs. fair value).
Is SAFE's dividend safe?
SAFE has a dividend-safety grade of C (57/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2023, debt and yield-versus-history.
What is SAFE's fair value?
Our blended fair-value estimate for SAFE is about $6.71 per share, about 41% below the current $11.34 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is SAFE a buy, hold, or sell?
We don't issue formal ratings, but on the data SAFE screens as "mixed" and overvalued. Safehold Inc. (SAFE) pays a quarterly dividend yielding 6.24% ($0.71/yr), with 0 years of growth and a dividend-safety grade of C. 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 SAFE cut its dividend?
SAFE earns a dividend-safety grade of C (57/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does SAFE pay a dividend?
Yes. Safehold Inc. pays a quarterly dividend of about $0.71 per share annually, a forward yield of roughly 6.24%.
What is SAFE's dividend yield?
As of Oct 18, 2026, SAFE's forward dividend yield is 6.24%, based on a $0.71 annual dividend and a $11.34 share price.
What is SAFE's dividend per share?
As of Oct 18, 2026, SAFE pays $0.71 per share per year, distributed on a quarterly basis.
What is SAFE's dividend payout ratio?
As of Oct 18, 2026, SAFE's payout ratio is 44% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has SAFE grown its dividend?
SAFE does not currently have a long dividend-growth streak on record.
When is the next SAFE ex-dividend date?
As of Oct 18, 2026, SAFE's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.18 per share.
SAFE Price — Last 12 Months
Daily close
Price Return
1 Year
-18%
3 Years
-42%
5 Years
-90%
52-Week Range
$11.26 – $17.45
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SAFE worth?
Overvaluedlow confidenceOur blended fair-value estimate for Safehold Inc. is $6.71 per share, versus a market price of $11.34. That implies 41% of downside.
Fair Value
$6.71
Current Price
$11.34
Downside
-41%
Margin of Safety
-69%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 12.0% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $1.61 EPS, $0.71 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SAFE Dividend Safety Score
Borderline
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 SAFE dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 30, 2026 | Oct 15, 2026 | $0.1770 | regular |
| Jun 30, 2026 | Jul 15, 2026 | $0.1770 | regular |
| Mar 31, 2026 | Apr 15, 2026 | $0.1770 | regular |
| Dec 30, 2025 | Jan 15, 2026 | $0.1770 | regular |
| Sep 30, 2025 | Oct 15, 2025 | $0.1770 | regular |
| Jun 30, 2025 | Jul 15, 2025 | $0.1770 | regular |
| Mar 31, 2025 | Apr 15, 2025 | $0.1770 | regular |
| Dec 30, 2024 | Jan 15, 2025 | $0.1770 | regular |
| Sep 30, 2024 | Oct 15, 2024 | $0.1770 | regular |
| Jun 28, 2024 | Jul 15, 2024 | $0.1770 | regular |
| Mar 27, 2024 | Apr 15, 2024 | $0.1770 | regular |
| Dec 28, 2023 | Jan 16, 2024 | $0.1770 | regular |
| Sep 28, 2023 | Oct 13, 2023 | $0.1770 | regular |
| Jun 29, 2023 | Jul 14, 2023 | $0.1770 | regular |
Income Calculator
At $0.71 / yr per share
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