National Health Investors, Inc. (NHI) Dividend History
NHI latest dividend
$0.94last dividend per share
Ex-dividend dateSep 30Wednesday, 2026
Payment dateNov 6Friday, 2026
The next dividend has not been announced yet.
- 1 yearsof dividend increases
- 1991paying since
- Quarterly4 payments a year
- −3.8%5-year growth a year
- 5.67%forward yield
NHI dividend income calculator
- Dividend income a year
- $376
- Each payment
- $94
- Value of the shares
- $6,628
- Dividend yield
- 5.67%
At the latest close; forward annual dividend $3.76 per share, before tax.
NHI dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
NHI dividend safety
Payout ratio (earnings)95.6%
Above earnings · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)77.0%
Stretched · of fiscal 2025 free cash flow
Dividend growth (5 years)−3.8%
Shrinking · a year on average
Years of increases1
Short record · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
NHI yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $75.35 | 4.99% | $3.70 | 4.9% |
| 3 years ago | $49.66 | 7.57% | $10.92 | 22.0% |
| 5 years ago | $56.89 | 6.61% | $18.12 | 31.9% |
| 10 years ago | $78.24 | 4.81% | $38.34 | 49.0% |
| 20 years ago | $31.39 | 11.98% | $66.85 | 213.0% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
NHI dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
NHI dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $3.64 | +1.1% | 4.77% | 4 |
| 2024 | $3.60 | 0.0% | 5.19% | 4 |
| 2023 | $3.60 | 0.0% | 6.45% | 4 |
| 2022 | $3.60 | −5.3% | 6.89% | 4 |
| 2021 | $3.80 | −13.8% | 6.62% | 4 |
| 2020 | $4.41 | +5.0% | 6.38% | 4 |
| 2019 | $4.20 | +5.0% | 5.15% | 4 |
| 2018 | $4.00 | +5.3% | 5.30% | 4 |
| 2017 | $3.80 | +5.6% | 5.04% | 4 |
| 2016 | $3.60 | +5.9% | 4.85% | 4 |
| 2015 | $3.40 | +10.4% | 5.59% | 4 |
| 2014 | $3.08 | −1.3% | 4.40% | 4 |
| 2013 | $3.12 | — | 5.56% | 5 |
| 2012 | $2.64 | −2.8% | 4.67% | 4 |
| 2011 | $2.71 | +15.0% | 6.17% | 4 |
| 2010 | $2.36 | +2.6% | 5.24% | 4 |
| 2009 | $2.30 | −5.0% | 6.22% | 4 |
| 2008 | $2.42 | −15.1% | 8.82% | 4 |
| 2007 | $2.85 | +20.3% | 10.22% | 4 |
| 2006 | $2.37 | — | 7.18% | 4 |
NHI dividend history
137 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-06 | $0.94 | +2.2% | Quarterly |
| 2026-06-30 | 2026-08-07 | $0.92 | — | Quarterly |
| 2026-03-31 | 2026-05-01 | $0.92 | — | Quarterly |
| 2025-12-31 | 2026-01-30 | $0.92 | — | Quarterly |
| 2025-09-30 | 2025-10-31 | $0.92 | +2.2% | Quarterly |
| 2025-06-30 | 2025-08-01 | $0.9 | — | Quarterly |
| 2025-03-31 | 2025-05-02 | $0.9 | — | Quarterly |
| 2024-12-31 | 2025-01-29 | $0.9 | — | Quarterly |
| 2024-09-27 | 2024-11-01 | $0.9 | — | Quarterly |
| 2024-06-28 | 2024-08-02 | $0.9 | — | Quarterly |
| 2024-03-27 | 2024-05-03 | $0.9 | — | Quarterly |
| 2023-12-28 | 2024-01-26 | $0.9 | — | Quarterly |
| 2023-09-28 | 2023-11-03 | $0.9 | — | Quarterly |
| 2023-06-29 | 2023-08-04 | $0.9 | — | Quarterly |
| 2023-03-30 | 2023-05-05 | $0.9 | — | Quarterly |
| 2022-12-29 | 2023-01-27 | $0.9 | — | Quarterly |
Show all 137 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-09-29 | 2022-11-04 | $0.9 | — | Quarterly |
| 2022-06-29 | 2022-08-05 | $0.9 | — | Quarterly |
| 2022-03-30 | 2022-05-06 | $0.9 | — | Quarterly |
| 2021-12-30 | 2022-01-31 | $0.9 | — | Quarterly |
| 2021-09-29 | 2021-11-05 | $0.9 | — | Quarterly |
| 2021-06-29 | 2021-08-06 | $0.9 | −18.4% | Quarterly |
| 2021-03-30 | 2021-05-07 | $1.10 | — | Quarterly |
| 2020-12-30 | 2021-01-29 | $1.10 | — | Quarterly |
| 2020-09-29 | 2020-11-06 | $1.10 | — | Quarterly |
| 2020-06-29 | 2020-08-07 | $1.10 | — | Quarterly |
| 2020-03-30 | 2020-05-08 | $1.10 | +5.0% | Quarterly |
| 2019-12-30 | 2020-01-31 | $1.05 | — | Quarterly |
| 2019-09-27 | 2019-11-08 | $1.05 | — | Quarterly |
| 2019-06-27 | 2019-08-09 | $1.05 | — | Quarterly |
| 2019-03-28 | 2019-05-10 | $1.05 | +5.0% | Quarterly |
| 2018-12-28 | 2019-01-31 | $1.00 | — | Quarterly |
| 2018-09-27 | 2018-11-09 | $1.00 | — | Quarterly |
| 2018-06-28 | 2018-08-10 | $1.00 | — | Quarterly |
| 2018-03-28 | 2018-05-10 | $1.00 | +5.3% | Quarterly |
| 2017-12-28 | 2018-01-31 | $0.95 | — | Quarterly |
| 2017-09-28 | 2017-11-10 | $0.95 | — | Quarterly |
| 2017-06-28 | 2017-08-10 | $0.95 | — | Quarterly |
| 2017-03-29 | 2017-05-10 | $0.95 | +5.6% | Quarterly |
| 2016-12-28 | 2017-01-31 | $0.9 | — | Quarterly |
| 2016-09-28 | 2016-11-10 | $0.9 | — | Quarterly |
| 2016-06-28 | 2016-08-10 | $0.9 | — | Quarterly |
| 2016-03-29 | 2016-05-10 | $0.9 | +5.9% | Quarterly |
| 2015-12-29 | 2016-01-29 | $0.85 | — | Quarterly |
| 2015-09-28 | 2015-11-10 | $0.85 | — | Quarterly |
| 2015-06-26 | 2015-08-10 | $0.85 | — | Quarterly |
| 2015-03-27 | 2015-05-08 | $0.85 | +10.4% | Quarterly |
| 2014-12-29 | 2015-01-30 | $0.77 | — | Quarterly |
| 2014-09-26 | 2014-11-10 | $0.77 | — | Quarterly |
| 2014-06-26 | 2014-08-08 | $0.77 | — | Quarterly |
| 2014-03-27 | 2014-05-09 | $0.77 | +4.8% | Quarterly |
| 2013-12-27 | 2014-01-31 | $0.735 | — | Quarterly |
| 2013-09-26 | 2013-11-08 | $0.735 | — | Quarterly |
| 2013-06-26 | 2013-08-09 | $0.735 | +5.8% | Quarterly |
| 2013-03-26 | 2013-05-10 | $0.695 | +215.9% | Quarterly |
| 2013-01-08 | 2013-01-31 | $0.22 | −67.2% | |
| 2012-12-27 | 2013-01-31 | $0.67 | — | Quarterly |
| 2012-09-26 | 2012-11-09 | $0.67 | +3.1% | Quarterly |
| 2012-06-27 | 2012-08-10 | $0.65 | — | Quarterly |
| 2012-03-28 | 2012-05-10 | $0.65 | −25.3% | Quarterly |
| 2011-12-28 | 2012-01-31 | $0.87 | +41.5% | Quarterly |
| 2011-09-28 | 2011-11-10 | $0.615 | — | Quarterly |
| 2011-06-28 | 2011-08-10 | $0.615 | — | Quarterly |
| 2011-03-29 | 2011-05-10 | $0.615 | +1.7% | Quarterly |
| 2010-12-29 | 2011-01-31 | $0.605 | — | Quarterly |
| 2010-09-28 | 2010-11-10 | $0.605 | +5.2% | Quarterly |
| 2010-06-28 | 2010-08-10 | $0.575 | — | Quarterly |
| 2010-03-29 | 2010-05-10 | $0.575 | −11.5% | Quarterly |
| 2009-12-29 | 2010-01-29 | $0.65 | +18.2% | Quarterly |
| 2009-09-28 | 2009-11-10 | $0.55 | — | Quarterly |
| 2009-06-26 | 2009-08-10 | $0.55 | — | Quarterly |
| 2009-03-27 | 2009-05-08 | $0.55 | −20.3% | Quarterly |
| 2008-12-29 | 2009-01-30 | $0.69 | +25.5% | Quarterly |
| 2008-09-26 | 2008-11-10 | $0.55 | — | Quarterly |
| 2008-06-26 | 2008-08-08 | $0.55 | −12.7% | Quarterly |
| 2008-03-27 | 2008-05-09 | $0.63 | −53.3% | Quarterly |
| 2007-12-27 | 2008-01-31 | $1.35 | +170.0% | Quarterly |
| 2007-09-26 | 2007-11-09 | $0.5 | — | Quarterly |
| 2007-06-27 | 2007-08-10 | $0.5 | — | Quarterly |
| 2007-03-28 | 2007-05-10 | $0.5 | −46.2% | Quarterly |
| 2006-12-26 | 2007-01-31 | $0.93 | +93.8% | Quarterly |
| 2006-09-27 | 2006-11-10 | $0.48 | — | Quarterly |
| 2006-06-28 | 2006-08-10 | $0.48 | — | Quarterly |
| 2006-03-29 | 2006-05-10 | $0.48 | +6.7% | Quarterly |
| 2005-12-28 | 2006-01-10 | $0.45 | — | Quarterly |
| 2005-09-28 | 2005-11-10 | $0.45 | — | Quarterly |
| 2005-06-28 | 2005-08-10 | $0.45 | — | Quarterly |
| 2005-03-29 | 2005-05-10 | $0.45 | −21.7% | Quarterly |
| 2004-12-29 | 2005-01-10 | $0.575 | +35.3% | Quarterly |
| 2004-09-28 | 2004-11-10 | $0.425 | — | Quarterly |
| 2004-06-28 | 2004-08-10 | $0.425 | — | Quarterly |
| 2004-03-29 | 2004-05-10 | $0.425 | −15.0% | Quarterly |
| 2003-12-26 | 2004-01-30 | $0.5 | +25.0% | Quarterly |
| 2003-09-26 | 2003-11-10 | $0.4 | — | Quarterly |
| 2003-06-26 | 2003-08-10 | $0.4 | — | Quarterly |
| 2003-03-27 | 2003-05-10 | $0.4 | +14.3% | Quarterly |
| 2002-12-27 | 2003-01-30 | $0.35 | — | Quarterly |
| 2002-09-26 | 2002-11-10 | $0.35 | — | Quarterly |
| 2002-06-25 | 2002-08-14 | $0.35 | — | Quarterly |
| 2002-03-26 | 2002-05-10 | $0.35 | −22.2% | Once a year |
| 2001-12-26 | 2002-01-28 | $0.45 | −29.7% | |
| 2000-06-27 | 2000-08-10 | $0.64 | — | Quarterly |
| 2000-03-28 | 2000-05-10 | $0.64 | −13.5% | Quarterly |
| 1999-12-28 | 2000-01-31 | $0.74 | — | Quarterly |
| 1999-09-27 | 1999-11-10 | $0.74 | — | Quarterly |
| 1999-06-25 | 1999-08-10 | $0.74 | — | Quarterly |
| 1999-03-26 | 1999-05-10 | $0.74 | — | Quarterly |
| 1998-12-28 | 1999-01-29 | $0.74 | — | Quarterly |
| 1998-09-25 | 1998-11-10 | $0.74 | — | Quarterly |
| 1998-06-25 | 1998-08-10 | $0.74 | — | Quarterly |
| 1998-03-26 | 1998-05-11 | $0.74 | — | Quarterly |
| 1997-12-26 | 1998-01-30 | $0.74 | — | Quarterly |
| 1997-09-25 | 1997-11-10 | $0.74 | — | Quarterly |
| 1997-06-25 | 1997-08-11 | $0.74 | — | Quarterly |
| 1997-03-25 | 1997-05-09 | $0.74 | — | Quarterly |
| 1996-12-26 | 1997-02-10 | $0.74 | +5.7% | Quarterly |
| 1996-09-25 | 1996-11-11 | $0.7 | — | Quarterly |
| 1996-06-26 | 1996-08-09 | $0.7 | — | Quarterly |
| 1996-03-27 | 1996-05-10 | $0.7 | — | Quarterly |
| 1995-12-27 | 1996-02-09 | $0.7 | +4.5% | Quarterly |
| 1995-09-27 | 1995-11-10 | $0.67 | +148.1% | Quarterly |
| 1995-06-28 | 1995-08-10 | $0.27 | −22.9% | Once a year |
| 1995-05-16 | 1995-08-10 | $0.35 | −43.5% | Quarterly |
| 1995-03-27 | 1995-05-10 | $0.62 | — | Quarterly |
| 1994-12-23 | 1995-02-19 | $0.62 | — | Quarterly |
| 1994-09-26 | 1994-11-10 | $0.62 | +8.8% | Quarterly |
| 1994-06-24 | 1994-08-10 | $0.57 | — | Quarterly |
| 1994-03-25 | 1994-05-10 | $0.57 | — | Quarterly |
| 1993-12-27 | 1994-02-10 | $0.57 | +5.6% | Quarterly |
| 1993-09-24 | 1993-11-10 | $0.54 | +0.9% | Quarterly |
| 1993-06-24 | 1993-08-10 | $0.535 | +0.9% | Quarterly |
| 1993-03-25 | 1993-04-15 | $0.53 | +1.0% | Quarterly |
| 1992-12-24 | 1993-01-13 | $0.525 | +1.0% | Quarterly |
| 1992-10-26 | 1992-11-10 | $0.52 | +4.0% | Quarterly |
| 1992-06-24 | 1992-08-10 | $0.5 | — | Quarterly |
| 1992-03-25 | 1992-04-15 | $0.5 | +19.0% | Quarterly |
| 1991-12-24 | 1992-01-13 | $0.42 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
NHI stock split history
National Health Investors has no stock splits on record.
NHI dividend overview
National Health Investors pays an annual dividend of $3.76 per share, a yield of 5.67% at the latest close, paid quarterly. It paid $3.64 per share in 2025, up 1.1% from 2024. Over five years the dividend grew −3.8% a year on average and over ten years 0.7% a year. The payout ratio is 95.6% of trailing earnings.
Related: NHI cash flow statement, NHI key metrics, NHI chart. See the NHI stock overview for the latest quote and news.
NHI dividends FAQ
Does National Health Investors pay a dividend?
Yes. National Health Investors has paid a regular dividend since 1991, quarterly, most recently $0.94 per share with an ex-dividend date of September 30, 2026.
What is National Health Investors's dividend yield?
National Health Investors's forward annual dividend is $3.76 per share, a dividend yield of 5.67% at the latest close of $66.28.
How often does National Health Investors pay dividends?
National Health Investors pays dividends quarterly.
How fast is National Health Investors's dividend growing?
National Health Investors's dividend per share grew from $4.41 in 2020 to $3.64 in 2025, −3.8% a year on average over five years.
What is National Health Investors's dividend payout ratio?
National Health Investors pays out 95.6% of its trailing earnings as dividends and 77.0% of its free cash flow (fiscal 2025).