How To Put $100 In Your Retirement Fund Each Month With NNN REIT Stock

David Kirakosyan

Tue, Oct 22, 2024, 1:00 PM 4 min read

NNN REIT, Inc. (NYSE:NNN) invests primarily in high-quality retail properties, generally subject to long-term net leases. As of Dec. 31, 2023, the company owned 3,532 properties across 49 states, with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.

The company will report its Q3 2024 earnings on October 31. Wall Street analysts expect an EPS of $0.84, up from $0.81 in the same period last year. According to data from Benzinga Pro, quarterly revenue is projected to hit $216.52 million, up from $205.13 million a year ago.

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The 52-week range of NNN REIT stock was $34.61 to $49.57.

NNN REIT’s dividend yield is 4.74%. Over the last 12 months, it has paid $2.32 per share in dividends.

The Latest On NNN REIT

On Aug. 1, the company reported its Q2 2024 earnings, posting funds from operations (FFO) per share of $0.83, meeting analyst expectations. Revenues were $216.81 million, surpassing the consensus estimate of $212.70 million.

Core FFO guidance for 2024 was increased from $3.25 to $3.31 per share to $3.27 to $3.33 per share. The 2024 AFFO is estimated at $3.31 to $3.37 per share.

Check out this article by Benzinga for five analysts' insights on NNN REIT stock.

If you invested $1,000 In NNN REIT stock 20 years ago, here's how much you would have now.

How Can You Earn $100 Per Month as an NNN REIT Investor?

If you want to make $100 per month –$1,200 annually – from NNN REIT dividends, your investment value needs to be approximately $25,316, which is 517 shares at $48.99 each.

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (4.74% in this case). So, $1,200 / 0.0474 = $25,316 to generate an income of $100 per month.

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You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time as a result of fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have the inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find NNN REIT stock an attractive option for making a steady income of $100 per month by owning 517 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. NNN REIT has raised its dividend consecutively for the last 35 years.

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This article How To Put $100 In Your Retirement Fund Each Month With NNN REIT Stock originally appeared on Benzinga.com

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