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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): Healthpeak Properties, Inc. (DOC) pays a $1.22 annual dividend ($0.10 monthly), yielding 5.82% at $20.96/share. Next ex-dividend date 2026-09-14. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.82%
Annual Dividend: $1.22 per share
Payout Ratio: 333.4% (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. DOC currently yields 5.82%, placing it firmly in high-yield territory. The trailing annual dividend rate is $1.22 per share, paid monthly, with the next ex-dividend date on September 14, 2026. That monthly payment cadence appeals to income-focused investors who prioritize cash flow frequency, and a beta of 0.991 means DOC moves roughly in line with the broader market.
Healthpeak Properties, Inc. pays out 333.4% of earnings as dividends, a payout ratio classified as high (above 75%). For a REIT, earnings-based payout ratios routinely exceed 100% because REITs are required to distribute the majority of taxable income, but 333.4% is elevated even by that standard. Healthpeak Properties, Inc. dividend safety is a legitimate concern here: the company operates in essential healthcare real estate, which provides demand tied to medical research and healthcare services, but the payout ratio alone signals that the dividend is not comfortably covered by reported earnings. The dividend has also declined from $2.40 per share in 2018-2020 to $1.22 today, which is the most concrete data-supported pressure point for income investors.
Healthpeak Properties, Inc. dividend history shows a CAGR of -2.5% per year from 2009 to 2025. Per-share payments have fallen from $1.84 at the start of the window to $1.22 by 2025 (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 39.1% in 2014, but the overall trend is 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 fits income-focused investors who prioritize a high current yield and monthly payments over dividend growth. The yield of 5.82% is classified as high (above 4%), though it sits well below the 5-year average yield of 8.6%, which reflects how far the dividend has been trimmed over time. The company operates in essential healthcare real estate, which provides a degree of demand durability, but the payout ratio of 333.4% and a negative long-term CAGR of -2.5% are real trade-offs. An investor in DOC gets a meaningful monthly income stream from a healthcare REIT with 42 years of dividend history, and accepts the reality that the per-share payment has shrunk, not grown, over the past decade.
| 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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