NNN REIT, Inc. to Issue Quarterly Dividend of $0.60 (NYSE:NNN)

NNN REIT, Inc. (NYSE:NNN) declared a quarterly dividend on Thursday, January 15th. Stockholders of record on Friday, January 30th will be given a dividend of 0.60 per share by the real estate investment trust on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, January 30th.

NNN REIT has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 35 consecutive years. NNN REIT has a payout ratio of 115.9% 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 $3.51 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 68.4%.

NNN REIT Trading Up 0.6%

NYSE NNN traded up $0.25 on Thursday, hitting $42.20. The company’s stock had a trading volume of 1,195,341 shares, compared to its average volume of 1,367,992. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.10. NNN REIT has a 1-year low of $35.80 and a 1-year high of $44.23. The company’s 50-day moving average is $40.43 and its 200 day moving average is $41.67. The firm has a market cap of $8.01 billion, a PE ratio of 20.29, a PEG ratio of 2.97 and a beta of 0.86.

NNN REIT (NYSE:NNN) last issued its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. NNN REIT had a net margin of 43.22% and a return on equity of 8.95%. The company had revenue of $230.16 million for the quarter, compared to analyst estimates of $228.45 million. NNN REIT has set its FY 2025 guidance at 3.360-3.400 EPS. As a group, analysts predict that NNN REIT will post 3.33 earnings per share for the current fiscal year.

About NNN REIT

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.