NNN REIT, Inc. (NNN) To Go Ex-Dividend on October 30th

NNN REIT, Inc. (NYSE:NNN) announced a quarterly dividend on Thursday, October 15th. Shareholders of record on Friday, October 30th will be given a dividend of $0.62 per share by the real estate investment trust on Friday, November 13th. This represents a $2.48 annualized dividend and a 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 Stock Up 0.8%

NNN stock traded up $0.33 during trading hours on Friday, hitting $41.48. The company’s stock had a trading volume of 3,186,364 shares, compared to its average volume of 2,650,870. The stock has a 50 day moving average price of $43.28 and a two-hundred day moving average price of $44.77. NNN REIT has a 12 month low of $38.90 and a 12 month high of $50.00. The company has a market capitalization of $7.96 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 6.63 and a beta of 0.78. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12.

NNN REIT (NYSE:NNN) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $244.27 million for the quarter, compared to the consensus estimate of $240.19 million. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, equities research analysts expect 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 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.