How Many REFI Shares for $500 or $1,000 a Month?
At $1.88 a share a year, $500 a month takes about 3,192 REFI shares, about $28,026 at the Nov 12, 2026 close of $8.78. $1,000 a month takes about 6,383 shares, about $56,043. Before taxes, and only while the rate holds.
Chicago Atlantic Real Estate Finance (REFI) pays $0.47 a share quarterly, $1.88 a year, a 21.41% run-rate yield at the Nov 12, 2026 close of $8.78. It has made 19 dividend payments since 2022.
At today’s rate of $0.47 quarterly and the last close of $8.78, this is what REFI pays before taxes, if the rate stays where it is:
| You hold | Each payment | Per month (avg) | Per year |
|---|---|---|---|
| 1 share | $0.47 | $0.16 | $1.88 |
| 100 shares | $47.00 | $15.67 | $188.00 |
| $10,000 invested (1,139.0 shares) | $535.31 | $178.44 | $2,141.23 |
| 3,192 shares ($500/mo) | $1,500.24 | $500.08 | $6,000.96 |
| 6,383 shares ($1,000/mo) | $3,000.01 | $1,000.00 | $12,000.04 |
With DRIP on, every payment buys more shares instead of landing as cash. 100 REFI shares reinvest into 5.35 new shares each payment, about 23.2 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 19 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 REFI’s own history in the REFI 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
REFI Dividend Yield Today vs Its 5-Year Range
- REFI yields 21.41% today, at the Nov 12, 2026 close of $8.78.
- Its own 4-year median is 13.25%, so today’s yield is well above its usual level.
Where today ranks in its own history is in the paid report
How it works. Each month-end over the last 4 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 REFI’s Next Dividend? Ex-Date and Pay Date After October 2026
REFI 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, $0.47 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
Every payer going ex-dividend this week is on the dividend calendar.
How Often Does REFI Pay?
REFI 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.
- Streak: 0 years of higher annual totals (through 2025)
- Last raise: Dec 31, 2024 - $0.47 to $0.65 (+$0.18, +38.30%)
- Usual $ step: $0.29 (median of the raises before it)
- FFO payout (approx.): 179.2% - $1.88 paid / $1.05 FFO per share (net income + depreciation & amortization, 4 quarters to Sep 30, 2026)
- Cash-flow payout: 150.6% - $1.88 paid / $1.25 operating cash flow per share (4 quarters to Sep 30, 2026); own 4-yr norm 120.7% (median of 12 earlier trailing years)
- GAAP EPS payout (context): 156.7% - $1.88 paid / $1.20 EPS (4 quarters to Sep 30, 2026); own 4-yr norm 94.9% (median of 12 earlier trailing years)
REFI vs Similar Dividend Stocks (ABR, DRETF...)
Against the 10 dividend-paying Real Estate companies closest to REFI in market value, REFI’s 21.41% run-rate yield is above the group’s middle yield of 10.16%, 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 ⓘ |
|---|---|---|---|---|
| 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 |
| ABR $1.30Arbor Realty Trust | $0.17/qtr$0.68/yr fwd | 52.31% | Dividend Safety Rating: paid plans only | 0 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 |
| BRT $12.60BRT Apartments | $0.25/qtr$1.00/yr fwd | 7.94% | Dividend Safety Rating: paid plans only | 7+ 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 |
| 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 |
| 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 |
| 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 |
| STRW $12.30Strawberry Fields REIT | $0.17/qtr$0.68/yr fwd | 5.53% | Dividend Safety Rating: paid plans only | 2+ yrsraised 2 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 |
Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: REFI vs ABR, REFI vs DRETF, REFI vs BTBIF.
REFI Dividend History: Every Payment Since 2022
| Ex-date | Pay date | Amount | Frequency | Type |
|---|---|---|---|---|
| Sep 30, 2026 | Oct 2, 2026 | $0.47 | Quarterly | Regular |
| Jun 30, 2026 | Jul 2, 2026 | $0.47 | Quarterly | Regular |
| Mar 31, 2026 | Apr 2, 2026 | $0.47 | Quarterly | Regular |
| Dec 31, 2025 | Jan 2, 2026 | $0.47 | Quarterly | Regular |
| Sep 30, 2025 | Oct 2, 2025 | $0.47 | Quarterly | Regular |
| Jun 30, 2025 | Jul 2, 2025 | $0.47 | Quarterly | Regular |
| Mar 31, 2025 | Apr 2, 2025 | $0.47 | Quarterly | Regular |
| Dec 31, 2024 | Jan 2, 2025 | $0.65 | Quarterly | Regular |
| Sep 30, 2024 | Oct 2, 2024 | $0.47 | Quarterly | Regular |
| Jun 28, 2024 | Jul 1, 2024 | $0.47 | Quarterly | Regular |
| Mar 27, 2024 | Mar 29, 2024 | $0.47 | Quarterly | Regular |
| Dec 28, 2023 | Jan 1, 2024 | $0.76 | Quarterly | Regular |
| Sep 28, 2023 | Oct 2, 2023 | $0.47 | Quarterly | Regular |
| Jun 29, 2023 | Jul 3, 2023 | $0.47 | Quarterly | Regular |
| Mar 30, 2023 | Apr 3, 2023 | $0.47 | Quarterly | Regular |
| Dec 29, 2022 | Jan 13, 2023 | $0.76 | Quarterly | Regular |
| Sep 29, 2022 | Oct 14, 2022 | $0.47 | Quarterly | Regular |
| Jun 29, 2022 | Jul 15, 2022 | $0.47 | Quarterly | Regular |
| Mar 30, 2022 | Apr 14, 2022 | $0.40 | Quarterly | Regular |
What the Dividend Safety Rating Means for REFI
REFI Dividend Questions
How often does REFI pay dividends?
REFI 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 REFI pay dividends monthly?
No. REFI pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.
When is the next REFI dividend?
REFI 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, $0.47 a share, went ex on Sep 30, 2026 and paid Oct 2, 2026. The current rate is $0.47 per share, $1.88 a year.
Does REFI 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 REFI pay per share?
REFI pays $0.47 a share quarterly, $1.88 a year. At the Nov 12, 2026 close of $8.78 that is a 21.41% run-rate yield, well above its usual level: its own 4-year median is 13.25%.
Has REFI raised its dividend?
REFI has no current streak of yearly raises. The latest raise, on Dec 31, 2024, took the rate from $0.47 to $0.65 (+38.30%).
Is REFI’s dividend safe?
No rating can promise a future payment, but the record on file says a lot. REFI paid out 151% of its cash flow as dividends over the 4 quarters to Sep 30, 2026. It has gone 3+ years without a cut. This is data, not investment advice. The full 6-check rating comes with a plan.
How do I track my REFI dividends?
Add REFI 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 REFI in the DRIP calculator.
