NNN REIT, Inc. (NNN) to Issue Quarterly Dividend of $0.62 on November 13th

NNN REIT, Inc. (NYSE:NNN) announced a quarterly dividend on Thursday, October 15th. Stockholders 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 of this dividend is Friday, October 30th.

NNN REIT has a dividend payout ratio of 119.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect NNN REIT to earn $3.63 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 68.3%.

NNN REIT Trading Down 0.8%

Shares of NNN opened at $41.68 on Wednesday. The company’s 50-day moving average price is $42.70 and its 200 day moving average price is $44.26. NNN REIT has a 12-month low of $38.90 and a 12-month high of $50.00. The firm has a market cap of $8.00 billion, a P/E ratio of 20.43 and a beta of 0.78.

NNN REIT (NYSE:NNN) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $244.27 million during the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Equities research analysts forecast that NNN REIT will post 3.52 earnings per share for the current 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 invests in properties that are leased to retail businesses under long-term, triple-net agreements, under which tenants generally pay property taxes, insurance and maintenance costs in addition to rent.

The company’s properties are used by a range of businesses, including convenience stores, automotive service and parts retailers, restaurants, medical and dental services, drugstores, and other consumer-oriented tenants.