NNN REIT, Inc. (NYSE:NNN) Plans Dividend Increase – $0.62 Per Share

NNN REIT, Inc. (NYSE:NNN – Get Free Report) announced a quarterly dividend on Wednesday, July 15th. Shareholders of record on Friday, July 31st will be paid a dividend of 0.62 per share by the real estate investment trust on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, July 31st. This is a 3.3% increase from NNN REIT’s previous quarterly dividend of $0.60.

NNN REIT has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 35 consecutive years. NNN REIT has a dividend payout ratio of 115.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect NNN REIT to earn $3.61 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 66.5%.

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NNN REIT Price Performance

Shares of NNN stock traded up $0.05 during trading hours on Wednesday, hitting $47.41. The company’s stock had a trading volume of 1,246,542 shares, compared to its average volume of 1,646,188. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.10. The business has a fifty day moving average of $45.53 and a 200-day moving average of $43.93. NNN REIT has a twelve month low of $38.90 and a twelve month high of $48.15. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 7.30 and a beta of 0.80.

NNN REIT (NYSE:NNN – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The company had revenue of $240.42 million for the quarter, compared to analyst estimates of $237.75 million. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. As a group, equities research analysts anticipate that NNN REIT will post 3.49 EPS for the current year.

NNN REIT Company Profile

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NNN REIT (NYSE: NNN), formally known as National Retail Properties, is a publicly traded real estate investment trust focused on acquiring, owning and managing a diversified portfolio of retail properties across the United States. As a net-lease REIT, the company enters into long-term, triple-net leases with national and regional tenants, shifting most property-related expenses, including maintenance, taxes and insurance, to its lessees. This structure provides NNN REIT with predictable cash flows and a stable income stream rooted in essential retail uses such as convenience stores, dollar stores, drug stores and quick-service restaurants.

Founded in 1984 and headquartered in Orlando, Florida, NNN REIT has steadily grown its footprint through disciplined acquisitions and selective lease underwriting.

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