NNN REIT, Inc.
NNN35 yrs growthReal Estate · Stock · quarterly payer
Forward Yield
5.00%
Annual Dividend
$2.48
Payout Ratio
116%
5-Yr Growth
2.7%
Ex-Date
Jul 31, 2026
Frequency
Quarterly
Summary
As of July 2026, NNN REIT, Inc. (NNN) yields 5.00% ($2.48 per share annually), with a blended fair-value estimate of $45.50 — -8% downside, so it screens as fairly valued. Dividend safety grade: A (85/100). 35 years of dividend growth.
Is NNN a good dividend stock?
YesNNN REIT, Inc. (NNN) pays a quarterly dividend yielding 5.00% ($2.48/yr), with 35 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 — 35 consecutive years of growth
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Elevated payout ratio (116%)
Key Data
- Dividend Yield
- 5.00%
- Payout Ratio
- 116%
- Annual Dividend
- $2.48
- 5-Yr Avg Growth
- 2.7%
- Ex-Dividend Date
- Jul 31, 2026
- Years of Growth
- 35
- Frequency
- quarterly
- Beta
- 0.78
- Market Cap
- $9.3B
- P/E Ratio
- 24.2
- 5-Yr Total Return
- 4%
- 52-Week Range
- $38.90 – $50.00
- Dividend Safety
- A · 85/100
- Ever Cut?
- No
Frequently Asked Questions
NNN Price — Last 12 Months
Daily close
Price Return
1 Year
+16%
3 Years
+26%
5 Years
+4%
52-Week Range
$38.90 – $50.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NNN worth?
Fairly valuedlow confidenceOur blended fair-value estimate for NNN REIT, Inc. is $45.50 per share, versus a market price of $49.59. That implies the stock is roughly fairly priced.
Fair Value
$45.50
Current Price
$49.59
Gap
-8%
Margin of Safety
-9%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 8.2% discount rate (CAPM), 3.0% stage-1 growth, 2.5% terminal growth, $2.05 EPS, $2.48 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NNN 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 |
|---|---|---|---|
| Apr 30, 2026 | — | $0.6000 | regular |
| Jan 30, 2026 | — | $0.6000 | regular |
| Oct 31, 2025 | — | $0.6000 | regular |
| Jul 31, 2025 | — | $0.6000 | regular |
| Apr 30, 2025 | — | $0.5800 | regular |
| Jan 31, 2025 | — | $0.5800 | regular |
| Oct 31, 2024 | — | $0.5800 | regular |
| Jul 31, 2024 | — | $0.5800 | regular |
| Apr 29, 2024 | — | $0.5650 | regular |
| Jan 30, 2024 | — | $0.5650 | regular |
| Oct 30, 2023 | — | $0.5650 | regular |
| Jul 28, 2023 | — | $0.5650 | regular |
| Apr 27, 2023 | — | $0.5500 | regular |
| Jan 30, 2023 | — | $0.5500 | regular |
Income Calculator
At $2.48 / yr per share
