NNN REIT, Inc. (NYSE:NNN) Shares to Pay Quarterly Dividend of $0.62

Key Points

• NNN REIT declared a quarterly dividend of $0.62 per share, payable November 13 to shareholders of record October 30. The annualized dividend is $2.48 per share, representing a 6.0% yield.
• The current dividend payout ratio is elevated at 119.8%, meaning earnings do not fully cover the payout; however, analysts expect next year’s earnings to reduce the projected payout ratio to 68.1%.
• NNN REIT recently beat quarterly earnings and revenue estimates, reporting $0.52 EPS and $244.27 million in revenue. Shares rose 1.0% to $41.20, though they remain below their 50-day and 200-day moving averages.

NNN REIT, Inc. (NYSE:NNN - Get Free Report) 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 dividend on an annualized basis 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. 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 Stock Up 1.0%

Shares of NYSE:NNN traded up $0.40 during trading on Thursday, hitting $41.20. 2,919,631 shares of the company were exchanged, compared to its average volume of 1,701,372. The stock has a market capitalization of $7.91 billion, a P/E ratio of 20.20, a PEG ratio of 6.50 and a beta of 0.78. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15. NNN REIT has a 12-month low of $38.90 and a 12-month high of $50.00. The firm's 50 day moving average price is $43.51 and its 200-day moving average price is $44.80.

NNN REIT (NYSE:NNN - Get Free Report) last posted its earnings results 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 net margin of 40.35% and a return on equity of 8.70%. The firm had revenue of $244.27 million for 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. On average, research analysts predict that NNN REIT will post 3.53 earnings per share for the current fiscal year.

About NNN REIT

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.

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