30 Growing Dividend Stocks with Low PE Ratios

26. NNN REIT, Inc. (NYSE:NNN)

Forward P/E Ratio as of April 22: 20.66

An American real estate investment trust company, NNN REIT, Inc. (NYSE:NNN) follows a low-risk investment approach that results in steady and reliable growth. The company primarily expands its portfolio by acquiring properties through sale-leaseback agreements with its current tenants. Since the start of 2025, the stock has surged by over 3%. It is among the best growing dividend stocks with low P/E ratios.

In the fourth quarter of 2024, NNN REIT, Inc. (NYSE:NNN) posted revenue of $218.5 million, marking a 1.04% increase compared to the same period the previous year and surpassing analysts’ expectations by $960,000. Net earnings for the quarter rose slightly to $97.9 million, up from $96.7 million a year earlier. As of December 31, 2024, occupancy remained strong at 98.5%, with an average remaining lease term of 9.9 years.

NNN REIT also maintained a solid cash position during the quarter, ending with more than $8.7 million in cash and cash equivalents, significantly higher than the $1.2 million reported in the same period last year. On April 15, the company declared a quarterly dividend of $0.58 per share, which was in line with its previous dividend. Overall, it has been growing its payouts for 35 consecutive years. The stock supports a dividend yield of 5.59%, as of April 22.