NNN REIT, Inc. (NYSE:NNN) Shareholders to Get $0.62 Quarterly Dividend

NNN REIT, Inc. (NYSE:NNN) declared a quarterly dividend on Thursday, October 15th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.62 per share by the real estate investment trust on Friday, November 13th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, October 30th.

NNN REIT has a payout ratio of 119.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect NNN REIT to earn $3.64 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 68.1%.

NNN REIT Trading Up 1.0%

Shares of NNN stock traded up $0.40 during mid-day trading on Thursday, hitting $41.20. 2,919,631 shares of the company’s stock were exchanged, compared to its average volume of 1,701,372. NNN REIT has a fifty-two week low of $38.90 and a fifty-two week high of $50.00. The stock has a 50-day simple moving average of $43.51 and a two-hundred day simple moving average of $44.80. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 6.50 and a beta of 0.78.

NNN REIT (NYSE:NNN) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%. The business had revenue of $244.27 million during the quarter, compared to the consensus estimate of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Equities analysts expect that NNN REIT will post 3.53 EPS for the current fiscal year.

NNN REIT Company Profile

NNN REIT, Inc is a real estate investment trust that owns and manages a diversified portfolio of freestanding retail properties. The company primarily leases these properties to tenants under long-term, triple-net lease agreements, which generally require tenants to pay property taxes, insurance and maintenance expenses in addition to rent.

Its properties serve businesses in industries such as convenience stores, automotive services, restaurants, retail, pharmacies and other essential-service categories.