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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): Healthpeak Properties, Inc. (DOC) pays a $1.22 annual dividend ($0.10 monthly), yielding 6.43% at $19.14/share. Next ex-dividend date 2026-10-19. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 6.43%
Annual Dividend: $1.22 per share
Payout Ratio: 348.6% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-10-19
Dividend Frequency: monthly
Sector: Real Estate
Years of Dividend History: 42
Healthpeak Properties, Inc. dividend is paid by a fully integrated REIT that owns, operates, and develops real estate for healthcare discovery and delivery. The current yield stands at 6.49%, well above the income threshold most dividend investors target. DOC pays monthly, with a trailing annual rate of $1.22 per share and an upcoming ex-dividend date of October 19, 2026. That monthly cadence and high yield make this stock most relevant to income-focused investors who prioritize cash flow over dividend growth.
Healthpeak Properties, Inc. pays out 348.6% of earnings as dividends, a payout ratio classified as high (above 75%). For a REIT like DOC, which generates revenue from owning and operating healthcare real estate, earnings-based payout ratios can overstate risk since depreciation weighs heavily on reported net income. Still, Healthpeak Properties, Inc. dividend safety is a legitimate concern: the dividend per share has declined from $2.40 in 2018 to $1.22 today, and the payout ratio at this level leaves little room to absorb a revenue shortfall without another cut.
Healthpeak Properties, Inc. dividend history shows a CAGR of -2.0% per year from 2009 to 2025. Per-share payments have fallen from $1.6756 at the start of the window to $1.2203 by 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 42.6% in 2014, but the overall trend has moved in the wrong direction. Growth is negative, and the data contains at least one year-over-year decline exceeding 5%.
| 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 | -8.0% | $2.80 (2015) | $1.22 (2025) |
DOC stock fits income-focused investors who want monthly cash flow from healthcare real estate and can accept a dividend that has shrunk over time. The current yield of 6.49% is classified as high (above 4%), and it sits above the 5-year average yield of 5.42%, which reflects the lower per-share dividend rather than a rising stock price. The trade-off is clear: the yield is attractive on paper, but the -2.0% CAGR over 16 years means purchasing power from this income stream has eroded. Healthpeak Properties, Inc. offers a high current yield; it does not offer dividend growth.
| 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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