NNN REIT, Inc. (NNN) to Distribute Quarterly Dividend of $0.62 on August 14th

NNN REIT, Inc. (NYSE:NNN) announced a quarterly dividend on Wednesday, July 15th. Shareholders of record on Friday, July 31st will be given a dividend of 0.62 per share by the real estate investment trust on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date 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. Equities 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%.

NNN REIT Trading Up 3.8%

Shares of NYSE:NNN opened at $49.21 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s 50-day moving average is $45.67 and its 200-day moving average is $44.05. The company has a market cap of $9.36 billion, a P/E ratio of 23.89, a P/E/G ratio of 7.30 and a beta of 0.80. NNN REIT has a 52-week low of $38.90 and a 52-week high of $49.30.

NNN REIT (NYSE:NNN) last posted 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). The company had revenue of $240.42 million for the quarter, compared to the consensus estimate of $237.75 million. NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 EPS. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. Equities research analysts predict that NNN REIT will post 3.49 earnings per share for the current year.

NNN REIT Company Profile

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.