Current Yield
3.46%
TTM Dividend/Share
$10.32
Payment Frequency
Quarterly
Payout Ratio
116.0%
Consecutive Growth Years
2
Key takeaways
- Essex Property Trust (ESS) has raised its dividend for 2 consecutive years.
- Essex Property Trust (ESS) currently yields 3.46%, paying $10.32 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 116.0% — the share of earnings distributed as dividends.
- 3 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 4.10%.
Dividend yield valuation for Essex Property Trust (ESS)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Near average — fair value |
Current yield (now) | 3.46% |
1-year average yield | 3.88%now 0.42 pp below |
3-year average yield | 3.65%now 0.19 pp below |
5-year average yield | 3.48%now 0.02 pp below |
ESS: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Essex Property Trust (ESS)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 7.6% |
FCF payout ratio | 17.5% |
Net debt / EBITDA | 4.6x |
Interest coverage | 2.83x |
ROIC (TTM) | 6.7% |
Dividend safety score for Essex Property Trust (ESS)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
3 of 8 checks passed
Payout ratio below 75%
Payout ratio is 116.0%, above the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $286M — FCF fully covers the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 2 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 17.5%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 4.6x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (4.1%) exceeds EPS growth (-2.2%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
129 payments from 1994 to 2026 · Adj. Dividend is split-adjusted
| Jun 30, 2026 | Jul 15, 2026 | $2.5900 | $2.5900 |
| Mar 31, 2026 | Apr 15, 2026 | $2.5900 | $2.5900 |
| Jan 2, 2026 | Jan 15, 2026 | $2.5700 | $2.5700 |
| Sep 30, 2025 | Oct 15, 2025 | $2.5700 | $2.5700 |
| Jun 30, 2025 | Jul 15, 2025 | $2.5700 | $2.5700 |
| Mar 31, 2025 | Apr 15, 2025 | $2.5700 | $2.5700 |
| Jan 2, 2025 | Jan 15, 2025 | $2.4500 | $2.4500 |
| Sep 30, 2024 | Oct 11, 2024 | $2.4500 | $2.4500 |
| Jun 28, 2024 | Jul 12, 2024 | $2.4500 | $2.4500 |
| Mar 27, 2024 | Apr 12, 2024 | $2.4500 | $2.4500 |
| Dec 29, 2023 | Jan 12, 2024 | $2.3100 | $2.3100 |
| Sep 28, 2023 | Oct 13, 2023 | $2.3100 | $2.3100 |
- Jun 30, 2026$2.5900
- Mar 31, 2026$2.5900
- Jan 2, 2026$2.5700
- Sep 30, 2025$2.5700
- Jun 30, 2025$2.5700
- Mar 31, 2025$2.5700
- Jan 2, 2025$2.4500
- Sep 30, 2024$2.4500
- Jun 28, 2024$2.4500
- Mar 27, 2024$2.4500
- Dec 29, 2023$2.3100
- Sep 28, 2023$2.3100
Historical dividend yield for Essex Property Trust (ESS)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 3.88%5Y: 3.48%10Y: 3.20%
Dividend per share for Essex Property Trust (ESS)
CAGR (per year)1Y: 38.23%5Y: 4.10%10Y: 5.84%→ Stable
| Year | Total ($/share) | Payments |
|---|---|---|
| 1994 | $0.92 | 3 |
| 1995 | $1.68 | 4 |
| 1996 | $1.71 | 4 |
| 1997 | $1.77 | 4 |
| 1998 | $1.95 | 4 |
| 1999 | $2.15 | 4 |
| 2000 | $2.38 | 4 |
| 2001 | $2.80 | 4 |
| 2002 | $3.08 | 4 |
| 2003 | $3.12 | 4 |
| 2004 | $3.16 | 4 |
| 2005 | $3.24 | 4 |
| 2006 | $3.36 | 4 |
| 2007 | $3.72 | 4 |
| 2008 | $4.08 | 4 |
| 2009 | $4.12 | 4 |
| 2010 | $4.13 | 4 |
| 2011 | $4.16 | 4 |
| 2012 | $4.40 | 4 |
| 2013 | $4.84 | 4 |
| 2014 | $5.11 | 4 |
| 2015 | $5.76 | 4 |
| 2016 | $6.40 | 4 |
| 2017 | $7.00 | 4 |
| 2018 | $7.44 | 4 |
| 2019 | $7.80 | 4 |
| 2020 | $8.31 | 4 |
| 2021 | $8.36 | 4 |
| 2022 | $8.80 | 4 |
| 2023 | $9.24 | 4 |
| 2024 | $7.35 | 3 |
| 2025 | $10.16 | 4 |
| 2026 | $7.75 | 3 |
Dividend growth for Essex Property Trust (ESS)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $10.1600 | — | — |
| 2025 | $7.3500 | $10.1600 | +38.2% |
| 2024 | $9.2400 | $7.3500 | -20.5% |
| 2023 | $8.8000 | $9.2400 | +5.0% |
| 2022 | $8.3600 | $8.8000 | +5.3% |
| 2021 | $8.3100 | $8.3600 | +0.6% |
| 2020 | $7.8000 | $8.3100 | +6.5% |
| 2019 | $7.4400 | $7.8000 | +4.8% |
| 2018 | $7.0000 | $7.4400 | +6.3% |
| 2017 | $6.4000 | $7.0000 | +9.4% |
| 2016 | $5.7600 | $6.4000 | +11.1% |
| 2015 | $5.1100 | $5.7600 | +12.7% |
| 2014 | $4.8400 | $5.1100 | +5.6% |
| 2013 | $4.4000 | $4.8400 | +10.0% |
| 2012 | $4.1600 | $4.4000 | +5.8% |
| 2011 | $4.1300 | $4.1600 | +0.7% |
| 2010 | $4.1200 | $4.1300 | +0.2% |
| 2009 | $4.0800 | $4.1200 | +1.0% |
| 2008 | $3.7200 | $4.0800 | +9.7% |
| 2007 | $3.3600 | $3.7200 | +10.7% |
| 2006 | $3.2400 | $3.3600 | +3.7% |
| 2005 | $3.1600 | $3.2400 | +2.5% |
| 2004 | $3.1200 | $3.1600 | +1.3% |
| 2003 | $3.0800 | $3.1200 | +1.3% |
| 2002 | $2.8000 | $3.0800 | +10.0% |
| 2001 | $2.3800 | $2.8000 | +17.6% |
| 2000 | $2.1500 | $2.3800 | +10.7% |
| 1999 | $1.9500 | $2.1500 | +10.3% |
| 1998 | $1.7700 | $1.9500 | +10.2% |
| 1997 | $1.7100 | $1.7700 | +3.5% |
| 1996 | $1.6750 | $1.7100 | +2.1% |
| 1995 | — | $1.6750 | — |
- 2026—
- 2025$10.1600
- 2024$7.3500
- 2023$9.2400
- 2022$8.8000
- 2021$8.3600
- 2020$8.3100
- 2019$7.8000
- 2018$7.4400
- 2017$7.0000
- 2016$6.4000
- 2015$5.7600
- 2014$5.1100
- 2013$4.8400
- 2012$4.4000
- 2011$4.1600
- 2010$4.1300
- 2009$4.1200
- 2008$4.0800
- 2007$3.7200
- 2006$3.3600
- 2005$3.2400
- 2004$3.1600
- 2003$3.1200
- 2002$3.0800
- 2001$2.8000
- 2000$2.3800
- 1999$2.1500
- 1998$1.9500
- 1997$1.7700
- 1996$1.7100
- 1995$1.6750
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
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