The 3.3% increase marks the latest raise for the real estate investment trust, pushing the forward yield to 5.24%.
NNN REIT announced a 3.3% increase in its quarterly dividend to $0.62 per share, up from $0.60 previously. The move reflects the company’s ongoing dividend growth strategy amid stable cash flows from its real estate portfolio.
The prior dividend stood at $0.60 per share, with the new payout representing a modest but consistent upward adjustment. The forward yield now sits at 5.24%, aligning with broader trends in the REIT sector.
The dividend is payable on August 14 to shareholders of record as of July 31, with the ex-dividend date also set for July 31.