How Many NREF Shares for $500 or $1,000 a Month?
At $2.00 a share a year, $500 a month takes about 3,000 NREF shares, about $38,010 at the Nov 12, 2026 close of $12.67. $1,000 a month takes about 6,000 shares, about $76,020. Before taxes, and only while the rate holds.
NexPoint Real Estate Finance (NREF) pays $0.50 a share quarterly, $2.00 a year, a 15.79% run-rate yield at the Nov 12, 2026 close of $12.67. It has made 27 dividend payments since 2020.
At today’s rate of $0.50 quarterly and the last close of $12.67, this is what NREF pays before taxes, if the rate stays where it is:
| You hold | Each payment | Per month (avg) | Per year |
|---|---|---|---|
| 1 share | $0.50 | $0.17 | $2.00 |
| 100 shares | $50.00 | $16.67 | $200.00 |
| $10,000 invested (789.3 shares) | $394.63 | $131.54 | $1,578.53 |
| 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 NREF shares reinvest into 3.95 new shares each payment, about 16.7 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 26 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 NREF’s own history in the NREF DRIP calculator.
- 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
- Liquidity: is there cash for debts due this year rating
- Earnings direction: are sales and profits growing or shrinking report
- 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
NREF Dividend Yield Today vs Its 5-Year Range
- NREF yields 15.79% today, at the Nov 12, 2026 close of $12.67.
- Its own 2-year median is 13.44%, so today’s yield is well above its usual level.
- No steady norm: a cut in 2023 skews its yield history. So this reads today’s yield against its own 2-year history as it is.
Where today ranks in its own history is in the paid report
How it works. Each month-end over the last 2 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 NREF’s Next Dividend? Ex-Date and Pay Date After September 2026
NREF has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Dec 15, 2026, with the cash around Dec 18, 2026. An estimate, not a promise: only the declaration makes it final. The latest one, $0.50 a share, went ex on Sep 15, 2026 and paid Sep 17, 2026.
- Ex-dates: about every 91 days (quarterly)
- Payment: usually about 3 days after the ex-date
Every payer going ex-dividend this week is on the dividend calendar.
How Often Does NREF Pay?
NREF pays quarterly, 4 times a year. Recent payments arrived in Mar, Jun, Sep and Dec, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 91 days, and the cash usually lands about 3 days later.
- Streak: 0 years of higher annual totals (through 2025)
- Last raise: Mar 14, 2024 - $0.185 to $0.50 (+$0.315, +170.27%)
- Usual $ step: $0.05 (median of the raises before it)
- FFO payout (approx.): 90.5% - $2.00 paid / $2.21 FFO per share (net income + depreciation & amortization, 4 quarters to Jun 30, 2026)
- Cash-flow payout: 300.0% - $2.00 paid / $0.16 operating cash flow per share (4 quarters to Jun 30, 2026); own 4-yr norm 92.1% (median of 12 earlier trailing years)
- GAAP EPS payout (context): 85.8% - $2.00 paid / $2.33 EPS (4 quarters to Jun 30, 2026); own 4-yr norm 112.7% (median of 12 earlier trailing years)
NREF vs Similar Dividend Stocks (BRT, ABR...)
Against the 10 dividend-paying Real Estate companies closest to NREF in market value, NREF’s 15.79% run-rate yield is above the group’s middle yield of 11.88%, and its raise streak of 0 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 | No cut ⓘ |
|---|---|---|---|---|
| NREF $12.67NexPoint Real Estate Finance | $0.50/qtr$2.00/yr fwd | 15.79% | Dividend Safety Rating: paid plans only | 2 yrsno raise streak |
| BRT $12.60BRT Apartments | $0.25/qtr$1.00/yr fwd | 7.94% | Dividend Safety Rating: paid plans only | 7+ yrsno raise streak |
| ABR $1.30Arbor Realty Trust | $0.17/qtr$0.68/yr fwd | 52.31% | Dividend Safety Rating: paid plans only | 0 yrsno raise streak |
| REFI $8.78Chicago Atlantic Real Estate Finance | $0.47/qtr$1.88/yr fwd | 21.41% | Dividend Safety Rating: paid plans only | 3+ yrsno raise streak |
| DRETF $11.10Dream Office Real Estate Investment Trust | $0.06/mo$0.72/yr fwd | 6.49% | Dividend Safety Rating: paid plans only | 1+ yrno raise streak |
| BTBIF $2.41BTB Real Estate Investment Trust | $0.0178/mo$0.21/yr fwd | 8.88% | Dividend Safety Rating: paid plans only | 5 yrsno raise streak |
| RMR $15.75RMR Group | $0.45/qtr$1.80/yr fwd | 11.43% | Dividend Safety Rating: paid plans only | 9+ yrsraised 4 yrs in a row |
| GDVTZ $405.00Gould Investors L.P. | $11.00/half-yr$22.00/yr fwd | 5.43% | Dividend Safety Rating: paid plans only | 9 yrsno raise streak |
| AIV $1.50Apartment Investment and Management | $1.30/half-yr$2.60/yr fwd | 173.33% | Dividend Safety Rating: paid plans only | 1 yrno raise streak |
| ACRE $3.47Ares Commercial Real Estate | $0.15/qtr$0.60/yr fwd | 17.29% | Dividend Safety Rating: paid plans only | 0 yrsno raise streak |
| NLCP $13.95NewLake Capital Partners | $0.43/qtr$1.72/yr fwd | 12.33% | Dividend Safety Rating: paid plans only | 3+ yrsraised 3 yrs in a row |
Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: NREF vs BRT, NREF vs ABR, NREF vs REFI.
NREF Dividend History: Every Payment Since 2020
| Ex-date | Pay date | Amount | Frequency | Type |
|---|---|---|---|---|
| Sep 15, 2026 | Sep 17, 2026 | $0.50 | Quarterly | Regular |
| Jun 15, 2026 | Jun 17, 2026 | $0.50 | Quarterly | Regular |
| Mar 13, 2026 | Mar 16, 2026 | $0.50 | Quarterly | Regular |
| Dec 15, 2025 | Dec 17, 2025 | $0.50 | Quarterly | Regular |
| Sep 15, 2025 | Sep 17, 2025 | $0.50 | Quarterly | Regular |
| Jun 13, 2025 | Jun 16, 2025 | $0.50 | Quarterly | Regular |
| Mar 14, 2025 | Mar 17, 2025 | $0.50 | Quarterly | Regular |
| Dec 13, 2024 | Dec 16, 2024 | $0.50 | Quarterly | Regular |
| Sep 13, 2024 | Sep 16, 2024 | $0.50 | Quarterly | Regular |
| Jun 14, 2024 | Jun 17, 2024 | $0.50 | Quarterly | Regular |
| Mar 14, 2024 | Mar 18, 2024 | $0.50 | Quarterly | Regular |
| Dec 14, 2023 | Dec 18, 2023 | $0.185 | Quarterly | Regular |
| Sep 14, 2023 | Sep 18, 2023 | $0.185 | Quarterly | Regular |
| Jun 14, 2023 | Jun 16, 2023 | $0.185 | Quarterly | Regular |
| Mar 14, 2023 | Mar 16, 2023 | $0.185 | Quarterly | Regular |
| Dec 14, 2022 | Dec 30, 2022 | $0.50 | Quarterly | Regular |
| Sep 14, 2022 | Sep 30, 2022 | $0.50 | Quarterly | Regular |
| Jun 14, 2022 | Jun 30, 2022 | $0.50 | Quarterly | Regular |
| Mar 14, 2022 | Mar 31, 2022 | $0.50 | Quarterly | Regular |
| Dec 14, 2021 | Dec 30, 2021 | $0.475 | Quarterly | Regular |
| Sep 14, 2021 | Sep 30, 2021 | $0.475 | Quarterly | Regular |
| Jun 14, 2021 | Jun 30, 2021 | $0.475 | Quarterly | Regular |
| Mar 12, 2021 | Mar 31, 2021 | $0.475 | Quarterly | Regular |
| Dec 14, 2020 | Dec 31, 2020 | $0.40 | Quarterly | Regular |
| Sep 14, 2020 | Sep 30, 2020 | $0.40 | Quarterly | Regular |
| Jun 12, 2020 | Jun 30, 2020 | $0.40 | Quarterly | Regular |
| Mar 20, 2020 | Mar 31, 2020 | $0.2198 | Quarterly | Regular |
What the Dividend Safety Rating Means for NREF
NREF Dividend Questions
How often does NREF pay dividends?
NREF pays quarterly, 4 times a year. Recent payments arrived in Mar, Jun, Sep and Dec, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 91 days, and the cash usually lands about 3 days later.
Does NREF pay dividends monthly?
No. NREF pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.
When is the next NREF dividend?
NREF has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Dec 15, 2026, with the cash around Dec 18, 2026. An estimate, not a promise: only the declaration makes it final. The latest one, $0.50 a share, went ex on Sep 15, 2026 and paid Sep 17, 2026. The current rate is $0.50 per share, $2.00 a year.
Does NREF pay a dividend in December 2026?
Not declared yet. By its usual rhythm the next ex-date falls around Dec 15, 2026, with the cash around Dec 18, 2026, so a payment in December 2026 is likely. Only the company’s declaration makes it final.
How much does NREF pay per share?
NREF pays $0.50 a share quarterly, $2.00 a year. At the Nov 12, 2026 close of $12.67 that is a 15.79% run-rate yield, well above its usual level: its own 2-year median is 13.44%.
Has NREF raised its dividend?
NREF has no current streak of yearly raises. The latest raise, on Mar 14, 2024, took the rate from $0.185 to $0.50 (+170.27%). Over five years the dividend grew 1.0% a year.
Is NREF’s dividend safe?
No rating can promise a future payment, but the record on file says a lot. NREF paid out 300% of its cash flow as dividends over the 4 quarters to Jun 30, 2026. It has gone 2 years without a cut. This is data, not investment advice. The full 7-check rating comes with a plan.
How do I track my NREF dividends?
Add NREF 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 NREF in the DRIP calculator.
