First Industrial Realty Trust, Inc. · FR · NYSE
Dividend report · updated Nov 13, 2026
$55.24 +0.04% on the day, +$0.02
FR stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is FR’s dividend Very Safe or High Risk? 12 checks scored. Payout ratio, raise streak, recession record and 9 more. Show the rating
Yearly payout / yield
$2.00·3.62%
$0.50 quarterly x 4 ⓘ
Next payment
~$0.50/qtr
pays ~Jan 2, 2027 (est.) ⓘ
Next ex-date
Dec 31est.
own by Dec 30 ⓘ
Years without a cut
13 yrs
12 yrs of raises ⓘ
Recession record
2000raised2008stopped2020raised2022raised
stopped in 2009
Yield vs history ⓘ
83
Well above its usual yield
FR share price & total return
Daily closing price, adjusted for stock splits.
FR stock page »All dividend lists »Build a portfolio around FR »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
FR Dividend Growth (CAGR)
1Y +12.4%3Y +16.0%5Y +13.1%10Y +10.2%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). The enlarge button shows all 113 payments since 1994.
Annual dividends and growth
Total paid per share in each calendar year.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: +12.36% a year, its typical raise over the last 5 years. From 2029 it slows by a quarter each year. Today's $2.00 a year would be $3.10 by 2031 - 5.62% on today's $55.24 price.

How Many FR Shares for $500 or $1,000 a Month?

At $2.00 a share a year, $500 a month takes about 3,000 FR shares, about $165,720 at the Nov 13, 2026 close of $55.24. $1,000 a month takes about 6,000 shares, about $331,440. Before taxes, and only while the rate holds.

First Industrial Realty Trust (FR) pays $0.50 a share quarterly, $2.00 a year, a 3.62% run-rate yield at the Nov 13, 2026 close of $55.24. It has paid since 1994 and raised its annual dividend 12 years in a row.

At today’s rate of $0.50 quarterly and the last close of $55.24, this is what FR pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.50$0.17$2.00
100 shares$50.00$16.67$200.00
$10,000 invested (181.0 shares)$90.51$30.17$362.06
3,000 shares ($500/mo)$1,500.00$500.00$6,000.00
6,000 shares ($1,000/mo)$3,000.00$1,000.00$12,000.00

With DRIP on, every payment buys more shares instead of landing as cash. 100 FR shares reinvest into 0.91 new shares each payment, about 3.7 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 111 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with FR’s own history in the FR DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See FR’s rating and its 12 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (cash flow): does cash from the business cover the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Liquidity: is there cash for debts due this year rating
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history
  • Crash record: what the dividend did in the 2008 crash history

FR Dividend Yield Today vs Its 5-Year Range

83/100Well above its usual yieldvs its 10-yr history
  • FR yields 3.62% today, at the Nov 13, 2026 close of $55.24.
  • Its own 10-year median is 2.64%, so today’s yield is well above its usual level.
Last 5 years: lowest to highest month-end yield
1.63% low3.74% high
Blue mark = today, grey = its 10-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 10 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is FR’s Next Dividend? Ex-Date and Pay Date After October 2026

FR has not declared its next dividend yet. By its usual rhythm of about 92 days between ex-dates, the next ex-date falls around Dec 31, 2026, with the cash around Jan 2, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $0.50 a share, went ex on Sep 30, 2026 and paid Oct 2, 2026.

  • Ex-dates: about every 92 days (quarterly)
  • Payment: usually about 2 days after the ex-date
  • Next earnings report: Feb 3, 2027

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does FR Pay?

FR pays quarterly, 4 times a year. Recent payments arrived in Jan, Apr, Jul and Oct, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 92 days, and the cash usually lands about 2 days later.

Paid in the last 12 months
$1.95 a share, in 4 payments.
+14.1% against the 12 months before ($1.71 in 4 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays in Jan, Apr, Jul and Oct. Ex-dates fall in Mar, Jun, Sep and Dec (latest 4 payments).
Raise history
  • Streak: 12 years of higher annual totals (through 2025)
  • Last raise: Mar 31, 2026 - $0.445 to $0.50 (+$0.055, +12.36%)
  • Usual $ step: $0.05 (median of the raises before it)
Coverage
  • FFO payout (approx.): 45.6% - $2.00 paid / $4.39 FFO per share (net income + depreciation & amortization, 4 quarters to Sep 30, 2026)
  • Cash-flow payout: 49.1% - $1.89 paid / $3.85 operating cash flow per share (4 quarters to Sep 30, 2026); own 4-yr norm 50.0% (median of 12 earlier trailing years)
  • GAAP EPS payout (context): 74.3% - $2.00 paid / $2.69 EPS (4 quarters to Sep 30, 2026); own 4-yr norm 65.8% (median of 12 earlier trailing years)
REITs pay from funds from operations; GAAP EPS understates coverage.

FR vs Similar Dividend Stocks (TRNO, MAC...)

Against the 10 dividend-paying Real Estate companies closest to FR in market value, FR’s 3.62% run-rate yield is below the group’s middle yield of 4.41%, and its raise streak of 12 years is the 3rd longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating Recessions ⓘ No cut ⓘ
FR $55.24First Industrial Realty Trust $0.50/qtr$2.00/yr fwd 3.62% Dividend Safety Rating: paid plans only Stopped in 20092000 raised2008 stopped2020 raised2022 raised 13 yrsraised 12 yrs in a row
TRNO $66.53Terreno Realty $0.57/qtr$2.28/yr fwd 3.43% Dividend Safety Rating: paid plans only Raised in both2020 raised2022 raisedno 2000/2008 record 13+ yrsraised 14+ yrs in a row
MAC $25.28Macerich $0.17/qtr$0.68/yr fwd 2.69% Dividend Safety Rating: paid plans only Cut in 20202000 raised2008 cut2020 cut2022 raised 5 yrsno raise streak
STAG $37.00STAG Industrial $0.388/qtr$1.55/yr fwd 4.19% Dividend Safety Rating: paid plans only Raised in both2020 raised2022 raisedno 2000/2008 record 14+ yrsraised 11 yrs in a row
ARE $44.30Alexandria Real Estate Equities $0.72/qtr$2.88/yr fwd 6.50% Dividend Safety Rating: paid plans only Cut in 20092000 raised2008 cut2020 raised2022 raised 0 yrsno raise streak
NNN $40.93NNN REIT $0.62/qtr$2.48/yr fwd 6.06% Dividend Safety Rating: paid plans only Raised in all 42000 raised2008 raised2020 raised2022 raised 34+ yrsraised 34 yrs in a row
LINE $34.93Lineage $0.5325/qtr$2.13/yr fwd 6.10% Dividend Safety Rating: paid plans only — —no raise streak
FSV $154.16FirstService $0.305/qtr$1.22/yr fwd 0.79% Dividend Safety Rating: paid plans only No cut in both2020 held2022 raisedno 2000/2008 record 10+ yrsraised 10+ yrs in a row
HR $19.16Healthcare Realty Trust $0.24/qtr$0.96/yr fwd 5.01% Dividend Safety Rating: paid plans only Cut in 20102000 raised2008 cut2020 raised2022 raised 0 yrsno raise streak
VNO $34.71Vornado Realty Trust $0.74/yr 2.13% Dividend Safety Rating: paid plans only Stopped in 20232000 raised2008 cut2020 cut2022 stopped 5 yrsno raise streak
REXR $37.65Rexford Industrial Realty $0.435/qtr$1.74/yr fwd 4.62% Dividend Safety Rating: paid plans only Raised in both2020 raised2022 raisedno 2000/2008 record 11+ yrsraised 11 yrs in a row

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: FR vs TRNO, FR vs MAC, FR vs STAG.

FR Dividend History: Every Payment Since 1994

Ex-datePay dateAmountFrequencyType
Sep 30, 2026Oct 2, 2026$0.50QuarterlyRegular
Jun 30, 2026Jul 2, 2026$0.50QuarterlyRegular
Mar 31, 2026Apr 2, 2026$0.50QuarterlyRegular
Dec 31, 2025Jan 2, 2026$0.445QuarterlyRegular
Sep 30, 2025Oct 2, 2025$0.445QuarterlyRegular
Jun 30, 2025Jul 2, 2025$0.445QuarterlyRegular
Mar 31, 2025Apr 2, 2025$0.445QuarterlyRegular
Dec 31, 2024Jan 2, 2025$0.37QuarterlyRegular
Sep 30, 2024Oct 2, 2024$0.37QuarterlyRegular
Jun 28, 2024Jul 1, 2024$0.37QuarterlyRegular
The other 103 FR payments come with a paid plan.
Show all 113 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for FR

UnlockDividend Safety Rating: paid plans only
See where FR lands, and why.
See the rating & factors »
Own FR? Your payouts fill in by themselves Add FR once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track FR →

FR Dividend Questions

How often does FR pay dividends?

FR pays quarterly, 4 times a year. Recent payments arrived in Jan, Apr, Jul and Oct, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 92 days, and the cash usually lands about 2 days later.

Does FR pay dividends monthly?

No. FR pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.

When is the next FR dividend?

FR has not declared its next dividend yet. By its usual rhythm of about 92 days between ex-dates, the next ex-date falls around Dec 31, 2026, with the cash around Jan 2, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $0.50 a share, went ex on Sep 30, 2026 and paid Oct 2, 2026. The current rate is $0.50 per share, $2.00 a year.

Does FR pay a dividend in January 2027?

Not declared yet. By its usual rhythm the next ex-date falls around Dec 31, 2026, with the cash around Jan 2, 2027, so a payment in January 2027 is likely. Only the company’s declaration makes it final.

How much does FR pay per share?

FR pays $0.50 a share quarterly, $2.00 a year. At the Nov 13, 2026 close of $55.24 that is a 3.62% run-rate yield, well above its usual level: its own 10-year median is 2.64%.

Has FR raised its dividend?

Yes. FR has raised its annual dividend 12 years in a row, through 2025. The latest raise, on Mar 31, 2026, took the rate from $0.445 to $0.50 (+12.36%). Over five years the dividend grew 13.1% a year.

Is FR’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. FR paid out 49% of its cash flow as dividends over the 4 quarters to Sep 30, 2026. It has raised its dividend 12 years in a row and gone 13 years without a cut. Through the market crashes: it raised the dividend through the 2000, 2020 and 2022 crashes; it stopped paying in the 2008 (in 2009) crash. This is data, not investment advice. The full 12-check rating comes with a plan.

How do I track my FR dividends?

Add FR to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run FR in the DRIP calculator.

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How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 13, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 12 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.