Why NNN REIT (NNN) Belongs on Every List of Safe Dividend Stocks

NNN REIT, Inc. (NYSE:NNN) is included among the 10 Best and Safe Dividend Stocks to Buy Now.

NNN REIT, Inc. (NYSE:NNN), formerly known as National Retail Properties, stays true to its original focus— owning and managing retail real estate. The company primarily invests in high-quality retail properties under long-term net leases, which typically require minimal capital outlays. As of March 31, 2025, NNN REIT held 3,641 properties across all 50 states, covering around 37.3 million square feet of leasable space, with an average remaining lease term of 10 years.

NNN REIT, Inc. (NYSE:NNN) boasts a strong history of dividend increases, having raised its payout for 36 consecutive years as of 2024, an achievement matched by only two other REITs and fewer than 80 publicly traded companies in the US. On July 15, the company declared a 3.4% hike in its quarterly dividend to $0.60 per share. The stock supports a dividend yield of 5.64%, as of July 27.

NNN REIT, Inc. (NYSE:NNN) remains well-positioned to maintain its high-yield dividend growth. It maintains a low payout ratio— under 70% of funds from operations (FFO)— and operates with a conservative balance sheet and below-average leverage. These factors provide the company with the financial flexibility to continue acquiring income-generating retail assets.

While we acknowledge the potential of NNN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Food Stocks with Dividends and 11 Dogs of the Dow Dividend Stocks to Buy Now.

Disclosure: None.