Broadstone Net Lease's latest quarterly dividend of $0.285 per share was on Mar 27, 2024 (ex-date). The annualized dividend distribution of $1.13 per share represents a current dividend yield of 7.83%.
BNL has a dividend yield of 7.83% which is higher than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 6.37%, Broadstone Net Lease's dividend yield is 23% higher.
Broadstone Net Lease has a history of paying dividends since 2020. Our records of BNL show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 3.7% for the last twelve months. And with the price of the stock down by 9% from a year ago, the dividend yield has an increase of 14%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 27, 2024 | Apr 15, 2024 | Feb 21, 2024 | $0.285 | normal |
| Dec 28, 2023 | Jan 12, 2024 | Oct 26, 2023 | $0.285 | normal |
| Sep 28, 2023 | Oct 13, 2023 | Jul 27, 2023 | $0.28 | normal |
| Jun 29, 2023 | Jul 14, 2023 | Apr 27, 2023 | $0.28 | normal |
| Mar 30, 2023 | Apr 14, 2023 | Feb 22, 2023 | $0.275 | normal |
| Dec 29, 2022 | Jan 15, 2023 | Nov 2, 2022 | $0.275 | normal |
| Sep 29, 2022 | Oct 14, 2022 | Jul 28, 2022 | $0.27 | normal |
| Jun 29, 2022 | Jul 15, 2022 | Apr 29, 2022 | $0.27 | normal |
| Mar 30, 2022 | Apr 15, 2022 | Feb 17, 2022 | $0.265 | normal |
| Dec 30, 2021 | Jan 15, 2022 | Oct 28, 2021 | $0.265 | normal |
| Sep 29, 2021 | Oct 15, 2021 | Aug 3, 2021 | $0.255 | normal |
| Jun 29, 2021 | Jul 15, 2021 | Apr 30, 2021 | $0.255 | normal |
| Mar 30, 2021 | Apr 15, 2021 | Feb 19, 2021 | $0.25 | normal |
| Dec 30, 2020 | Jan 15, 2021 | Nov 5, 2020 | $0.25 | normal |
BNL has a payout ratio of 136.1% which is higher than the industry average but lower than the Real Estate sector average. But in comparison with the Real Estate sector average of 138.1%, Broadstone Net Lease's payout ratio is only 1.4% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| BNL Broadstone Net Lease Inc | 7.83% | $1.13 | 136.1% |
| NNN National Retail Properties Inc | 5.46% | $2.25 | 103.9% |
Yes, Broadstone Net Lease has been paying dividends for the last four years.
BNL hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in June 2024.
Broadstone Net Lease's last regular dividend was on Mar 27, 2024 (ex-date) with the amount of $0.285 per share.
BNL's annualized dividend per share is $1.13.
The current dividend yield of Broadstone Net Lease is 7.83%.
Broadstone Net Lease has a quarterly dividend frequency.
The dividend payout ratio of Broadstone Net Lease is 136.1%.
Broadstone Net Lease's dividend yield is higher than the Real Estate sector average.