Essex Property Trust, Inc.
ESS30 yrs growthReal Estate · Stock · quarterly payer
Forward Yield
3.54%
Annual Dividend
$10.36
Payout Ratio
116%
5-Yr Growth
4.1%
Ex-Date
Jun 30, 2026
Frequency
Quarterly
Summary
As of July 2026, Essex Property Trust, Inc. (ESS) yields 3.54% ($10.36 per share annually), with a blended fair-value estimate of $243.68 — -17% downside, so it screens as overvalued. Dividend safety grade: A (85/100). 30 years of dividend growth.
Is ESS a good dividend stock?
YesEssex Property Trust, Inc. (ESS) pays a quarterly dividend yielding 3.54% ($10.36/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 30 consecutive years of growth
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Elevated payout ratio (116%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.54%
- Payout Ratio
- 116%
- Annual Dividend
- $10.36
- 5-Yr Avg Growth
- 4.1%
- Ex-Dividend Date
- Jun 30, 2026
- Years of Growth
- 30
- Frequency
- quarterly
- Beta
- 0.71
- Market Cap
- $20.3B
- P/E Ratio
- 33.0
- 5-Yr Total Return
- -11%
- 52-Week Range
- $238.46 – $303.35
- Dividend Safety
- A · 85/100
- Ever Cut?
- No
Frequently Asked Questions
ESS Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
+23%
5 Years
-11%
52-Week Range
$238.46 – $303.35
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ESS worth?
Overvaluedlow confidenceOur blended fair-value estimate for Essex Property Trust, Inc. is $243.68 per share, versus a market price of $292.93. That implies 17% of downside.
Fair Value
$243.68
Current Price
$292.93
Downside
-17%
Margin of Safety
-20%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 7.9% discount rate (CAPM), 7.3% stage-1 growth, 2.5% terminal growth, $8.88 EPS, $10.36 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ESS Dividend Safety Score
Very 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $2.5900 | regular |
| Mar 31, 2026 | — | $2.5900 | regular |
| Jan 2, 2026 | — | $2.5700 | regular |
| Sep 30, 2025 | — | $2.5700 | regular |
| Jun 30, 2025 | — | $2.5700 | regular |
| Mar 31, 2025 | — | $2.5700 | regular |
| Jan 2, 2025 | — | $2.4500 | regular |
| Sep 30, 2024 | — | $2.4500 | regular |
| Jun 28, 2024 | — | $2.4500 | regular |
| Mar 27, 2024 | — | $2.4500 | regular |
| Dec 29, 2023 | — | $2.3100 | regular |
| Sep 28, 2023 | — | $2.3100 | regular |
| Jun 29, 2023 | — | $2.3100 | regular |
| Mar 30, 2023 | — | $2.3100 | regular |
Income Calculator
At $10.36 / yr per share
