About NorthStar Healthcare Income, Inc. (NHHS) — Dividend Analysis 2026
NorthStar Healthcare was formed to acquire, originate and asset manage a diversified portfolio of equity, debt and securities investments in healthcare real estate, directly or through joint ventures, with a focus on the mid-acuity senior housing sector, which NorthStar Healthcare defines as assisted living, memory care, skilled nursing and independent living facilities and continuing care retirement communities. NorthStar Healthcare also invests in other healthcare property types, including medical office buildings, hospitals, rehabilitation facilities and ancillary healthcare services businesses. NorthStar Healthcare's investments are predominantly in the United States, but it also selectively makes international investments. NorthStar Healthcare is externally managed and has no employees. NorthStar Healthcare is sponsored by Colony Capital, Inc. (NYSE: CLNY). NorthStar Healthcare's advisor, CNI NSHC Advisors, LLC, is a subsidiary of Colony Capital and manages its day-to-day operations pursuant to an advisory agreement.
Is NHHS a good dividend investment in 2026?
NHHS offers a 108.11% forward yield with a 50% payout ratio. Strand Safety Score: 45/100 (Moderate Risk). The 5-year dividend CAGR of -50% is modest — investors should weigh current income against growth alternatives.
NHHS DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your NHHS portfolio grows to $2.4K vs $11.1K without reinvestment. This is the compound interest effect in action.
NHHS dividend growth history & forecast
NHHS has grown its dividend by 0% over the last year and -50% 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 108.11%.
FCF ($8M) is below dividends paid ($371M) — risk of cut (FCF: $8M · Dividends est.: $371M)
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.1B → -0.2B → -0.1B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
45
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 NHHS Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold NHHS.
Gross yield
108.11%
Tax rate
15.00%
After-tax yield
91.89%
Real yield (−CPI)
89.09%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
108.11%
105.31%
$10,811 / yr
🇺🇸 US Taxable (15%) ✓
15%
91.89%
89.09%
$9,189 / yr
🇺🇸 US Taxable (20%)
20%
86.49%
83.69%
$8,649 / yr
🇬🇧 UK ISA
0%
108.11%
105.31%
$10,811 / yr
🇬🇧 UK Taxable
8.75%
98.65%
95.85%
$9,865 / yr
🇨🇦 TFSA
0%
108.11%
105.31%
$10,811 / yr
🇨🇦 CA Taxable
25%
81.08%
78.28%
$8,108 / yr
🇦🇺 Super (pension)
15%
91.89%
89.09%
$9,189 / yr
🇦🇺 AU Taxable
30%
75.68%
72.88%
$7,568 / yr
🇩🇪 DE Taxable
26.375%
79.60%
76.80%
$7,960 / yr
🇫🇷 FR Taxable
30%
75.68%
72.88%
$7,568 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 NHHS Income Goal & Break-Even
Dividend Break-Even
2yr
Years for dividends to fully repay your NHHS investment of $1.85/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$15.7K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$13.2K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in NHHS for:
Shares needed
14,118
Capital required
$26,118
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 NHHS Dividend Payment Schedule
NHHS pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 NHHS vs Real Estate Benchmarks
How NHHS compares to typical Real Estate averages.
Benchmark: Real Estate
Dividend Yield▲+102.91% vs sectorBetter
NHHS
108.11%
avg
5.20%
5Y Dividend CAGR▼-54.10% vs sectorBelow avg
NHHS
-50.00%
avg
4.10%
Payout Ratio▲-28.00% vs sectorBetter
NHHS
50.00%
avg
78.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for NHHS sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ NHHS Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
-0.68
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
7/9
✅ Strong fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the NHHS dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →