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NNN Reit, Inc. dividend history

NNN Reit, Inc.'s dividend was $2.36 a share in fiscal 2025, up 3.1% on the year before. That was 113.7% of net income. It has raised its dividend per share every year since fiscal 2009, as far back as our figures go.

Dividends, buybacks and capital spending

Dividends (TTM)
$443M
Returned to shareholders
111%
of free cash flow
Diluted share count
+2.1%
year over year
Total shareholder yield
5.5%
dividends 5.5% + buybacks 0.0% of market value
Dividend payout ratio
114%
of net income paid out

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025
Dividend per share$1.50$1.51$1.53$1.56$1.60$1.65$1.71$1.78$1.86$1.95$2.03$2.07$2.10$2.16$2.23$2.29$2.36
Dividend per share growth—+0.7%+1.3%+2.0%+2.6%+3.1%+3.6%+4.1%+4.5%+4.8%+4.1%+2.0%+1.4%+2.9%+3.2%+2.7%+3.1%
Dividends paid120125134167189204229257277303334356367381404420443
Dividends ÷ net income219.4%171.8%144.8%117.9%118.1%107.1%115.6%107.3%104.6%103.7%111.5%155.8%126.6%113.7%103.1%105.9%113.7%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

Compare with peers

Head to head: MAC vs NNNADC vs NNNKRG vs NNN

More: Retail REITs stocks compared, Real Estate sector, rankings of US companies

Figures from NNN Reit, Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to NNN Reit, Inc.