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Data last updated: Jul 13, 2026
Snapshot (as of Jul 13, 2026): Healthpeak Properties, Inc. (DOC) pays a $1.22 annual dividend ($0.10 monthly), yielding 5.64% at $21.65/share. Next ex-dividend date 2026-09-14. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.64%
Annual Dividend: $1.22 per share
Payout Ratio: 381.5% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-09-14
Dividend Frequency: monthly
Sector: Real Estate
Years of Dividend History: 42
Healthpeak Properties, Inc. dividend investors are looking at a healthcare REIT focused on acquiring, managing, and developing properties used for medical research and healthcare services. The current yield stands at 5.64%, placing DOC firmly in high-yield territory. Payments arrive monthly, with the last dividend of $0.1017 per share and a trailing annual rate of $1.22 per share; the next ex-dividend date is September 14, 2026. With a beta of 1.004, DOC stock moves nearly in lockstep with the broader market, making it a fit for income-focused investors who want healthcare real estate exposure without extreme price swings.
Healthpeak Properties, Inc. pays out 381.5% of earnings as dividends, a payout ratio classified as high (above 75%) — in fact, it sits far above that threshold. As a REIT dedicated to properties essential for medical research and healthcare services, demand for its facilities is tied to the healthcare sector rather than discretionary spending, which provides some operational grounding. Healthpeak Properties, Inc. dividend safety is the central concern here: a payout ratio above 300% means earnings alone do not cover the dividend, and the dividend history shows a net decline from $2.00 per share in 2012 to $1.22 in 2025, including a meaningful step-down in 2021.
Healthpeak Properties, Inc. dividend history shows a CAGR of -2.5% per year from 2009 to 2025. Per-share payments have moved from $1.84 at the start of the window to $1.22 by 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 39.1% in 2014, but the overall trend has been negative, and the data contains at least one year-over-year decline exceeding 5%. Growth is not the story here.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -16.8% | $2.12 (2022) | $1.22 (2025) |
| 5-Year | -12.7% | $2.40 (2020) | $1.22 (2025) |
| 10-Year | -8.6% | $3.00 (2015) | $1.22 (2025) |
DOC stock is built for income-focused investors who prioritize current yield over dividend growth. The yield of 5.64% is high (above 4%), though it sits below the 5-year average of 6.9%, which reflects a period when the stock traded at lower prices relative to its payout. The trade-off is clear: the payout ratio of 381.5% means the dividend is not covered by reported earnings, and the per-share rate has declined over the long term. An investor in Healthpeak Properties, Inc. gets meaningful monthly income from a healthcare real estate portfolio, but accepts a dividend that has shrunk in real terms over the past decade and carries elevated coverage risk.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-14 | $0.1017 |
| 2026-08-17 | $0.1017 |
| 2026-07-20 | $0.1017 |
| 2026-06-15 | $0.1017 |
| 2026-05-18 | $0.1017 |
| 2026-04-17 | $0.1017 |
| 2026-03-17 | $0.1017 |
| 2026-02-13 | $0.1017 |
| 2026-01-16 | $0.1017 |
| 2025-12-19 | $0.1017 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.9153 |
| 2025 | $1.2203 |
| 2024 | $1.4300 |
| 2023 | $2.1200 |
| 2022 | $2.1200 |
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