About Spirit Realty Capital, Inc. (SRC) — Dividend Analysis 2026
Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. As of September 30, 2020, our diverse portfolio of 1,778 owned properties, with an aggregate leasable area of 37.2 million square feet in 48 states, included retail, industrial and office buildings leased to 296 tenants across 28 retail industries.
Is SRC a good dividend investment in 2026?
SRC offers a 6.24% forward yield with a 50% payout ratio. Strand Safety Score: 75/100 (Safe). The 5-year dividend CAGR of -27% is modest — investors should weigh current income against growth alternatives.
SRC DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your SRC portfolio grows to $42.0K vs $39.3K without reinvestment. This is the compound interest effect in action.
SRC dividend growth history & forecast
SRC has grown its dividend by 0% over the last year and -27% 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 6.24%.
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.3B → +0.2B → +0.0B
30 / 30 pts
30/30
Net income grew for 2 consecutive years — strong earnings momentum
OVERALL ASSESSMENT
Dividend appears safe — fundamentals solid with moderate concerns.
STRAND SCORE
75
/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.
🌍 SRC Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold SRC.
Gross yield
6.24%
Tax rate
15.00%
After-tax yield
5.30%
Real yield (−CPI)
2.50%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
6.24%
3.44%
$624 / yr
🇺🇸 US Taxable (15%) ✓
15%
5.30%
2.50%
$530 / yr
🇺🇸 US Taxable (20%)
20%
4.99%
2.19%
$499 / yr
🇬🇧 UK ISA
0%
6.24%
3.44%
$624 / yr
🇬🇧 UK Taxable
8.75%
5.69%
2.89%
$569 / yr
🇨🇦 TFSA
0%
6.24%
3.44%
$624 / yr
🇨🇦 CA Taxable
25%
4.68%
1.88%
$468 / yr
🇦🇺 Super (pension)
15%
5.30%
2.50%
$530 / yr
🇦🇺 AU Taxable
30%
4.37%
1.57%
$437 / yr
🇩🇪 DE Taxable
26.375%
4.59%
1.79%
$459 / yr
🇫🇷 FR Taxable
30%
4.37%
1.57%
$437 / 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.
🎯 SRC Income Goal & Break-Even
Dividend Break-Even
50yr+
Years for dividends to fully repay your SRC investment of $42.98/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$1.4K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$-1038.88
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in SRC for:
Shares needed
10,536
Capital required
$452,837
Monthly income
$2,000
Based on current dividend of $2.68/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 SRC Dividend Payment Schedule
SRC pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$5.70 / payment
$22.78 / year after tax
100 shares
$56.95 / payment
$227.80 / year after tax
1,000 shares
$569.50 / payment
$2278.00 / year after tax
📊 SRC vs Real Estate Benchmarks
How SRC compares to typical Real Estate averages.
Benchmark: Real Estate
Dividend Yield▲+1.04% vs sectorBetter
SRC
6.24%
avg
5.20%
5Y Dividend CAGR▼-31.10% vs sectorBelow avg
SRC
-27.00%
avg
4.10%
Payout Ratio▲-28.00% vs sectorBetter
SRC
50.00%
avg
78.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for SRC sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ SRC Insider Activity
No recent SEC filings reported in the last 90 days.
📊 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 SRC 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 →