About NNN REIT Inc. (NNN) — Dividend Analysis 2026
NNN REIT (formerly National Retail Properties) is a Dividend King with 34+ consecutive years of dividend increases — one of only three REITs to achieve this status. Focuses on single-tenant properties with long-term net leases to operators in necessity-based retail sectors.
Is NNN a good dividend investment in 2026?
NNN offers a 5.28% forward yield with a 71% payout ratio. With a safety score of 80/100, the dividend appears very safe. The 5-year dividend CAGR of 2.8% is modest — investors should weigh current income against growth alternatives.
NNN DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your NNN portfolio grows to $19.7K vs $17.4K without reinvestment — a DRIP bonus of $2.3K. This is the compound interest effect in action.
NNN dividend growth history & forecast
NNN has grown its dividend by 2.7% over the last year and 2.8% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 5.28% — illustrating why dividend growth stocks are powerful long-term wealth builders.
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🌍 NNN Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold NNN.
Gross yield
5.28%
Tax rate
15.00%
After-tax yield
4.49%
Real yield (−CPI)
1.69%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
5.28%
2.48%
$528 / yr
🇺🇸 US Taxable (15%) ✓
15%
4.49%
1.69%
$449 / yr
🇺🇸 US Taxable (20%)
20%
4.22%
1.42%
$422 / yr
🇬🇧 UK ISA
0%
5.28%
2.48%
$528 / yr
🇬🇧 UK Taxable
8.75%
4.82%
2.02%
$482 / yr
🇨🇦 TFSA
0%
5.28%
2.48%
$528 / yr
🇨🇦 CA Taxable
25%
3.96%
1.16%
$396 / yr
🇦🇺 Super (pension)
15%
4.49%
1.69%
$449 / yr
🇦🇺 AU Taxable
30%
3.70%
0.90%
$370 / yr
🇩🇪 DE Taxable
26.375%
3.89%
1.09%
$389 / yr
🇫🇷 FR Taxable
30%
3.70%
0.90%
$370 / yr
Real yield = after-tax yield minus US CPI of 2.8%. Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 NNN Income Goal & Break-Even
Dividend Break-Even
18yr
Years for dividends to repay your full NNN investment price of $42.80/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$6.6K
Lost to inflation (~2.8% CPI)
−$2.5K
Real purchasing power gain
$4.1K
How much do I need to invest in NNN for:
Shares needed
12,494
Capital required
$534,743
Monthly income
$2,000
Based on current dividend of $2.26/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 NNN Dividend Payment Schedule
NNN pays quarterly — 4 times per year. Next ex-div: Jan 30, 2026.
Jan
💰
Feb
Mar
Apr
💰
May
Jun
Jul
💰
Aug
Sep
Oct
💰
Nov
Dec
10 shares
$4.80 / payment
$19.21 / year after tax
100 shares
$48.02 / payment
$192.10 / year after tax
1,000 shares
$480.25 / payment
$1921.00 / year after tax
📊 NNN vs REIT Sector Benchmarks
How NNN compares to typical REIT sector averages.
Dividend YieldNNN: +5.28% vs sector avg 5.20% ✓ Better
Payout RatioNNN: 71.00% vs sector avg 75.00% ✓ Better
NNN━━ REIT avg: 75.00%
⚠️ Disclaimer: All projections are for educational purposes only. Dividend payments, stock prices, and growth rates are estimates based on historical data. Past performance does not guarantee future results. This is not financial advice — consult a qualified financial professional before investing. Data sourced from public financial records and updated regularly.