Tuesday, July 15st the Board of Directors of NNN REIT, Inc. (NNN) announced a quarterly dividend increase of from $0.58 to $0.60 per share, that’s payable August 15, 2025 to holders of record July 31, 2025. This represents a 3.45% increase over the last quarterly dividend.
Steve Horn, Chief Executive Officer, commented: “Operating with a long-term perspective has positioned NNN to increase its annual dividend for the 36th consecutive year. Our consistent growth reflects the strength of our disciplined capital allocation strategy, supported by our solid and flexible balance sheet.”
At the current price of $42.89 (yesterday's close), this increase will raise NNN's dividend yield to 5.60%.
NNN REIT is a Dividend Champions with a 35 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 2.7, 2.9, 2.4 and 3.3 (Dividend Champions.xls)
As an owner of 35 shares of NNN, the recent dividend increase adds $2.09 to my projected annual net dividend income.
I had anticipated a one-cent increase, so the announced two-cent hike was double my expectation—definitely a pleasant surprise, and one I’m happy to accept.
This is the first dividend increase I received from NNN REIT, Inc. since initiating a position April 2025.
The moment of writing, NNN’s weight of my portfolio is about 0.18% and its share of future annual dividend income is approximately 0.24%.
Following this increase, my yield on cost is 5.73%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long NNN
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