Does Orion Properties Inc. (ONL) Pay a Dividend? (2026)
Last updated October 2026
Short answer
Yes. Orion Properties Inc. (ONL) pays a dividend yielding about 3.88% as of October 2026, paid quarterly, four times a year. The latest payment on record was $0.0200 per share, ex-dividend September 30, 2026. The forward annual rate is roughly $0.0800 per share, about $388 a year on a $10,000 position before tax. Figures are approximate and dated; verify the current number with your broker.
Does Orion Properties Inc. (ONL) pay a dividend?
Yes. Orion Properties Inc. distributes a dividend yielding roughly 3.88% as of October 2026, paid quarterly, four times a year. The most recent payment on record was $0.0200 per share, with an ex-dividend date of September 30, 2026. Annualized, that is about $0.0800 per share.
Revenue (TTM) combines the first half of 2026 (~$70.6 million) with the second half of 2025 (~$72.3 million). On a Core FFO basis Orion trades at under 3x guided 2026 earnings, a fraction of the ~10x to 15x common for healthier net lease REITs. That gap reflects the debt load, ~78% occupancy, the joint venture default and doubts about the terminal value of older suburban office buildings. GAAP earnings are noisy because of property sale gains and impairments, so price to earnings is not a useful yardstick here. Figures are approximate, drawn from Orion's second quarter 2026 filings and mid-October quotes.
ONL dividend at a glance
| 2026-09-30 | $0.02 |
| 2026-06-30 | $0.02 |
| 2026-03-31 | $0.02 |
| 2025-12-31 | $0.02 |
| 2025-09-30 | $0.02 |
| 2025-06-30 | $0.02 |
ONL dividend data as of October 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with ONL's investor relations page before relying on it.
Is the ONL dividend covered?
We do not have a payout ratio on record for ONL. The payout ratio, the share of earnings paid out as dividends, is the usual first check on whether a dividend has room to keep growing; you can find it on ONL's investor relations page or in your broker's fundamentals tab.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the ONL dividend has changed
The latest payment of $0.0200 per share compares with $0.0200 in the equivalent payment a year earlier (September 30, 2025). That is a change of 0.0% over the year.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on ONL's investor relations page.
What ONL's dividend means for you
- Income: about $388 a year per $10,000 invested, before tax.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for ONL the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How ONL dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the ONL dividend
Orion Properties Inc. (ONL) pays about 3.88%, or roughly $0.0800 per share a year. That is a genuine income yield, so the payout is a real part of the case for holding it, and the coverage question above is the one to answer first. For the full picture see the ONL guide. Walnut can show how ONL fits your real portfolio. It is not an investment adviser.
Investing in Orion Properties Inc. with AI
Connect the broker you already use and ask Walnut's AI how ONL fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
Does Orion Properties Inc. (ONL) pay a dividend?
+
Yes. Orion Properties Inc. pays a dividend yielding roughly 3.88% as of October 2026, paid quarterly, four times a year. The most recent payment on record was $0.0200 per share with an ex-dividend date of September 30, 2026. That works out to a forward annual rate of about $0.0800 per share. Yields move with the share price, so verify the current figure with your broker or ONL's investor relations page before relying on it.
What is ONL's dividend yield?
+
About 3.88% as of October 2026. On a $10,000 position that is roughly $388 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so ONL yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does ONL pay its dividend?
+
Orion Properties Inc. pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of September 30, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on ONL's investor relations page, because boards can change both the amount and the timing.
When is ONL's ex-dividend date?
+
The ex-dividend date recorded in our October 2026 data pull is September 30, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check ONL's investor relations page for the next confirmed date.
Has Orion Properties Inc. raised its dividend recently?
+
Not in the last year. The latest payment of $0.0200 per share is unchanged from the $0.0200 paid a year earlier. A flat dividend is not necessarily a warning sign, but it does mean the income is losing ground to inflation.
Is ONL's dividend safe?
+
We do not have a payout ratio on record for ONL. The payout ratio, the share of earnings paid out as dividends, is the usual first check on whether a dividend has room to keep growing; you can find it on ONL's investor relations page or in your broker's fundamentals tab. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
How much would I earn in dividends from a $10,000 position in ONL?
+
At a yield of about 3.88%, roughly $388 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.
Are ONL dividends qualified for tax purposes?
+
Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest ONL dividends?
+
Most brokers offer automatic reinvestment (a DRIP) that puts each ONL payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Does Orion Properties pay a dividend?
+
Yes, but a small one. The board declared a quarterly cash dividend of $0.02 per share for the third quarter of 2026, paid October 15, 2026 to holders of record on September 30. That works out to $0.08 a year, or a yield of ~3.9% at a ~$2.06 share price. Orion paid considerably more in its early years after the 2021 spin-off and cut the payout as occupancy and cash flow declined, choosing to keep cash for leasing costs, capital improvements and debt reduction. As a REIT it must distribute most of its taxable income, but heavy depreciation and losses keep that requirement low. The dividend is set each quarter by the board and could change depending on leasing results, asset sales or the outcome of the strategic review.
Walnut is informational, not investment advice. Dividend figures on this page come from a October 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with ONL's investor relations page or your broker before acting on them.