NNN REIT (NNN) Dividend History & Yield
Dividend ChampionNNN REIT (NNN) has increased its dividend for 36 consecutive years and currently yields 5.30%. The most recent dividend was $0.6000/share on May 15, 2026, paid Quarterly.
NNN
Current Yield
5.30%
TTM Dividend/Share
$2.40
Payment Frequency
Quarterly
Payout Ratio
116.5%
Consecutive Growth Years
36 (Dividend Champion)
Div Growth (1Y CAGR)
3.06%
Div Growth (5Y CAGR)
2.66%
Div Growth (10Y CAGR)
3.27%
NNN: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
8.0%
FCF payout ratio
17.5%
Net debt / EBITDA
5.6x
Interest coverage
2.84x
ROIC (TTM)
6.5%
Dividend Safety Score
6 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 116.5%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($3.56) covers dividend/share ($2.40).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
36 consecutive years 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 5.6x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (2.7%) ≤ EPS growth (3.7%) — sustainable.
Per-payment dividend history
Ex-date Apr 30, 2026
- Payment date
- May 15, 2026
- Dividend
- $0.6000
- Adj. dividend
- $0.6000
Ex-date Jan 30, 2026
- Payment date
- Feb 13, 2026
- Dividend
- $0.6000
- Adj. dividend
- $0.6000
Ex-date Oct 31, 2025
- Payment date
- Nov 14, 2025
- Dividend
- $0.6000
- Adj. dividend
- $0.6000
Ex-date Jul 31, 2025
- Payment date
- Aug 15, 2025
- Dividend
- $0.6000
- Adj. dividend
- $0.6000
Ex-date Apr 30, 2025
- Payment date
- May 15, 2025
- Dividend
- $0.5800
- Adj. dividend
- $0.5800
Ex-date Jan 31, 2025
- Payment date
- Feb 14, 2025
- Dividend
- $0.5800
- Adj. dividend
- $0.5800
Ex-date Oct 31, 2024
- Payment date
- Nov 15, 2024
- Dividend
- $0.5800
- Adj. dividend
- $0.5800
Ex-date Jul 31, 2024
- Payment date
- Aug 15, 2024
- Dividend
- $0.5800
- Adj. dividend
- $0.5800
Ex-date Apr 29, 2024
- Payment date
- May 15, 2024
- Dividend
- $0.5650
- Adj. dividend
- $0.5650
Ex-date Jan 30, 2024
- Payment date
- Feb 15, 2024
- Dividend
- $0.5650
- Adj. dividend
- $0.5650
Ex-date Oct 30, 2023
- Payment date
- Nov 15, 2023
- Dividend
- $0.5650
- Adj. dividend
- $0.5650
Ex-date Jul 28, 2023
- Payment date
- Aug 15, 2023
- Dividend
- $0.5650
- Adj. dividend
- $0.5650
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Apr 30, 2026 | May 15, 2026 | $0.6000 | $0.6000 |
| Jan 30, 2026 | Feb 13, 2026 | $0.6000 | $0.6000 |
| Oct 31, 2025 | Nov 14, 2025 | $0.6000 | $0.6000 |
| Jul 31, 2025 | Aug 15, 2025 | $0.6000 | $0.6000 |
| Apr 30, 2025 | May 15, 2025 | $0.5800 | $0.5800 |
| Jan 31, 2025 | Feb 14, 2025 | $0.5800 | $0.5800 |
| Oct 31, 2024 | Nov 15, 2024 | $0.5800 | $0.5800 |
| Jul 31, 2024 | Aug 15, 2024 | $0.5800 | $0.5800 |
| Apr 29, 2024 | May 15, 2024 | $0.5650 | $0.5650 |
| Jan 30, 2024 | Feb 15, 2024 | $0.5650 | $0.5650 |
| Oct 30, 2023 | Nov 15, 2023 | $0.5650 | $0.5650 |
| Jul 28, 2023 | Aug 15, 2023 | $0.5650 | $0.5650 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
NNN REIT has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 36 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $2.3600 | — | — |
| 2025 | $2.2900 | $2.3600 | +3.1% |
| 2024 | $2.2300 | $2.2900 | +2.7% |
| 2023 | $2.1600 | $2.2300 | +3.2% |
| 2022 | $2.1000 | $2.1600 | +2.9% |
| 2021 | $2.0700 | $2.1000 | +1.4% |
| 2020 | $2.0300 | $2.0700 | +2.0% |
| 2019 | $1.9500 | $2.0300 | +4.1% |
| 2018 | $1.8600 | $1.9500 | +4.8% |
| 2017 | $1.7800 | $1.8600 | +4.5% |
| 2016 | $1.7100 | $1.7800 | +4.1% |
| 2015 | $1.6500 | $1.7100 | +3.6% |
| 2014 | $1.6000 | $1.6500 | +3.1% |
| 2013 | $1.5600 | $1.6000 | +2.6% |
| 2012 | $1.5300 | $1.5600 | +2.0% |
| 2011 | $1.5100 | $1.5300 | +1.3% |
| 2010 | $1.5000 | $1.5100 | +0.7% |
| 2009 | $1.4800 | $1.5000 | +1.4% |
| 2008 | $1.4000 | $1.4800 | +5.7% |
| 2007 | $1.3200 | $1.4000 | +6.1% |
| 2006 | $1.3000 | $1.3200 | +1.5% |
| 2005 | $1.2900 | $1.3000 | +0.8% |
| 2004 | $1.2800 | $1.2900 | +0.8% |
| 2003 | $1.2700 | $1.2800 | +0.8% |
| 2002 | $1.2600 | $1.2700 | +0.8% |
| 2001 | $1.2450 | $1.2600 | +1.2% |
| 2000 | $1.2400 | $1.2450 | +0.4% |
| 1999 | $1.2300 | $1.2400 | +0.8% |
| 1998 | $1.2000 | $1.2300 | +2.5% |
| 1997 | $1.1800 | $1.2000 | +1.7% |
| 1996 | $1.1600 | $1.1800 | +1.7% |
| 1995 | $1.1400 | $1.1600 | +1.8% |
| 1994 | $1.1000 | $1.1400 | +3.6% |
| 1993 | $1.0800 | $1.1000 | +1.9% |
| 1992 | $1.0500 | $1.0800 | +2.9% |
| 1991 | $0.7600 | $1.0500 | +38.2% |
| 1990 | $1.0000 | $0.7600 | -24.0% |
| 1989 | $1.0000 | $1.0000 | 0.0% |
| 1988 | $1.2500 | $1.0000 | -20.0% |
| 1987 | $1.2500 | $1.2500 | 0.0% |
| 1986 | $1.2500 | $1.2500 | 0.0% |
| 1985 | — | $1.2500 | — |
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.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for NNN REIT (NNN) from the consolidated cash flow statement, in USD as filed.
Latest period
$448.37M
YoY change
+5.5%
5Y CAGR
+4.5%
Peak year (2025)
$443.20M
Latest annual
$443.20M
Cash dividends paid over time for NNN REIT (NNN)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for NNN REIT (NNN)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $443.20M | +5.5% | +$22.96M | ||
| 2024 | $420.24M | +3.9% | +$15.78M | ||
| 2023 | $404.46M | +6.3% | +$23.92M | ||
| 2022 | $380.54M | +3.6% | +$13.25M | ||
| 2021 | $367.29M | +3.1% | +$10.88M | ||
| 2020 | $356.41M | +6.8% | +$22.72M | ||
| 2019 | $333.69M | +10.1% | +$30.53M | ||
| 2018 | $303.16M | +9.4% | +$26.04M | ||
| 2017 | $277.12M | +7.8% | +$20.11M | ||
| 2016 | $257.01M | -2.7% | -$7.13M | ||
| 2015 | $264.13M | +29.4% | +$59.98M | ||
| 2014 | $204.16M | +8.0% | +$15.05M | ||
| 2013 | $189.11M | +12.9% | +$21.61M | ||
| 2012 | $167.50M | +25.3% | +$33.77M | ||
| 2011 | $133.72M | +6.6% | +$8.33M | ||
| 2010 | $125.39M | +3.8% | +$4.58M | ||
| 2009 | $120.81M | — | +$120.81M | ||
| 2008 | $0 | -100.0% | -$92.99M | ||
| 2007 | $92.99M | +22.3% | +$16.95M | ||
| 2006 | $76.04M | +10.2% | +$7.02M | ||
| 2005 | $69.02M | +4.1% | +$2.75M | ||
| 2004 | $66.27M | +19.5% | +$10.80M | ||
| 2003 | $55.47M | +8.4% | +$4.29M | ||
| 2002 | $51.18M | +32.5% | +$12.54M | ||
| 2001 | $38.64M | +2.3% | +$877,000 | ||
| 2000 | $37.76M | +0.7% | +$265,000 | ||
| 1999 | $37.49M | +5.1% | +$1.82M | ||
| 1998 | $35.67M | +25.7% | +$7.29M | ||
| 1997 | $28.38M | +50.2% | +$9.48M | ||
| 1996 | $18.90M | +39.7% | +$5.37M | ||
| 1995 | $13.53M | +36.7% | +$3.63M | ||
| 1994 | $9.90M | +209.4% | +$6.70M | ||
| 1993 | $3.20M | +77.8% | +$1.40M | ||
| 1992 | $1.80M | +12.5% | +$200,000 | ||
| 1991 | $1.60M | +6.7% | +$100,000 | ||
| 1990 | $1.50M | — | — |
2025's annual dividends paid for NNN REIT (NNN) came in at $443.20M – grew 5.5% year-over-year.
NNN REIT dividends paid compound annual growth for the 2020–2025 (5 years) window is +4.5%, sustaining 9 straight years of year-over-year growth.
$443.20M stands as the all-time-high annual dividends paid, posted in 2025, against a low of $0 during 2008.
Within Real Estate, NNN REIT (NNN) ranks 9th among 8 peers we track. The peer median for dividends paid is $2.55B.
NNN REIT Dividends Paid 2025: $443.20M
NNN REIT dividends paid in 2025 was $443.20M, grew 5.5% from 2024. This figure represents the highest annual value in the available history.
NNN REIT Dividends Paid 2024: $420.24M
NNN REIT dividends paid in 2024 was $420.24M, edged up 3.9% from 2023.
NNN REIT Dividends Paid 2023: $404.46M
NNN REIT dividends paid in 2023 was $404.46M, grew 6.3% from 2022.
NNN REIT Dividends Paid 2022: $380.54M
NNN REIT dividends paid in 2022 was $380.54M, edged up 3.6% from 2021.
NNN REIT Dividends Paid 2021: $367.29M
NNN REIT dividends paid in 2021 was $367.29M.
See more financial history for NNN REIT (NNN).
Sector peers by dividends paid
Companies in the same sector as NNN REIT, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Prologis (PLD) | $3.76B | Real Estate |
| American Tower (AMT) | $3.16B | Real Estate |
| Realty Income (O) | $2.92B | Real Estate |
| Simon Property Group (SPG) | $2.79B | Real Estate |
| Public Storage (PSA) | $2.30B | Real Estate |
| Welltower (WELL) | $1.88B | Real Estate |
| Equinix (EQIX) | $1.86B | Real Estate |
| Digital Realty Trust (DLR) | $1.73B | Real Estate |
Frequently asked questions
Does NNN REIT pay dividends?
Yes, NNN REIT (NNN) pays quarterly dividends of approximately $2.40 per share annually, yielding 5.30%.
What is NNN REIT's dividend yield?
NNN REIT (NNN) has a current dividend yield of 5.30%.
Is NNN REIT's dividend safe?
NNN REIT (NNN) passes 6 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has NNN REIT increased its dividend?
NNN REIT (NNN) has 36 consecutive years of dividend increases.
What is NNN REIT's dividend payout ratio?
NNN REIT (NNN) has a dividend payout ratio of 116.5%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is NNN REIT's dividends paid?
Latest reported dividends paid for NNN REIT (NNN) is $448.37M (period ending March 31, 2026).
How has NNN REIT dividends paid changed year-over-year?
NNN REIT (NNN) dividends paid changed +5.5% year-over-year on the latest annual filing.
What is the long-term growth rate of NNN REIT dividends paid?
NNN REIT (NNN) dividends paid compound annual growth rate is +4.5% over the most recent 5 years available.
When did NNN REIT dividends paid hit its highest annual value?
NNN REIT dividends paid reached its highest annual value of $443.20M in 2025.
What was NNN REIT dividends paid in 2024?
NNN REIT (NNN) dividends paid in 2024 was $420.24M.
What was NNN REIT dividends paid in 2025?
NNN REIT (NNN) dividends paid in 2025 was $443.20M.
Comparison
Explore more
NNN Overview
Company profile, financial tools, and key metrics
NNN Revenue Counter
Earns $29.67 every second. See per minute, hour, and day.
NNN Earnings Counter
Earns $12.28 per second net profit. See per minute, hour, and day.
NNN Economic Scale
Exceeds Sao Tome and Principe's GDP. Compare with world economies.
NNN What If Invested
What if you had invested $1,000? See historical returns from any date.
NNN How It Makes Money
Discover visual breakdown of $935.78M in revenue — where it comes from and where it goes.
NNN Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
NNN Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
NNN Daily Price Character
Balanced · 44.2% historical win rate (green days). Streaks & record days.
NNN Buybacks
Recent repurchase activity. Shareholder yield & SBC comparison.
NNN Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
NNN Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
NNN Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
NNN Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.