- Pays: monthly since April 2025 — $0.10167 per share ($0.305 a quarter, $1.22 a year). Quarterly before that.
- The 2025 change: on February 3, 2025 Healthpeak raised its quarterly dividend 1.7% ($0.30 → $0.305) and announced monthly payments beginning April 2025 'to align with rental receipts.'
- The ticker: Healthpeak (formerly PEAK) merged with Physicians Realty Trust on March 1, 2024 and adopted the combined company's DOC ticker on March 4, 2024. The dividend record is continuous.
- What it is: an S&P 500 healthcare REIT owning outpatient medical buildings, life-science labs and senior-housing/CCRC communities.
- Paying since: 1987 in our data — one of the longest REIT records available.
The monthly rate has been unchanged since it began; the last increase was the 1.7% raise in early 2025. Healthcare real estate is defensive but not immune — lab demand softened after the biotech boom, and senior housing carries operating exposure.
DOC pays monthly since April 2025 (quarterly before). Each point below is one dividend since 1987 — the shift to smaller, more frequent payments is visible at the right edge.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
- Trailing 12 months: $1.22 per share across 12 payments — up 10% from $1.11 in the 12 months before (split-adjusted, in today's share terms). What a change like that does to your income →
- Current pace: recent payments annualize to $1.22 — 0% above the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
- Share price, same 12 months: up 12% (dividends excluded) — income and principal are one story. Erosion Index →
- Record: 171 payments over 40 years; the largest single payment was $0.5237 (Feb 2016), split-adjusted.
- Payment drops ≥20% below trend, last 24 months: 5. Get alerted to the next one →
- Payment steadiness: the last 12 checks wobble ±0% around their median. Compare that against any fund →
Every figure above is computed from DOC's actual payment record and share-price history as of the date shown — not copied from a fact sheet. Recomputed regularly; the chart above always shows the live data.
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| Recent Ex-Dividend Dates | Dividend / Share |
|---|
"Next expected" is estimated from DOC's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
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These are assumptions, not a prediction. Want the full chart and tax options? Open the full calculator →
Healthpeak's switch to monthly payments in 2025 makes the chart's recent points look a third the size — the annual $1.22 is unchanged, just paid twelve times instead of four. Read the year-by-year table for the real trend, which is flat-to-slightly-up after the 2024 merger doubled the outpatient medical portfolio.
It joins Realty Income, EPR and STAG (until 2026) in the monthly-REIT group — compare them on the compare tool.
| Year | Total Dividends / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is DOC's Next Ex-Dividend Date?
DOC pays monthly (quarterly until April 2025). The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from DOC's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
Nearly Four Decades, Now Paid Monthly
Our data on Healthpeak's dividends reaches back to 1987, through its years as Health Care Property Investors and HCP. The chart above shows the long quarterly record and, at the right edge, the 2025 shift to monthly payments — a change in rhythm rather than amount.
Merger, Then Monthly
The 2024 combination with Physicians Realty Trust made Healthpeak one of the largest owners of outpatient medical buildings in the country and gave it the DOC ticker. A year later the company raised the dividend modestly and moved to monthly payments, a rarity among large REITs. The rate has held since; growth will depend on lab-space demand recovering and the outpatient portfolio's steady escalators.
Where DOC Fits
As a large-cap, defensive healthcare REIT paying monthly — a different risk profile from the retail and industrial net-lease names. Beside O it's one of the few S&P 500 REITs with a monthly check. Next expected date on the live calendar.
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Read: How to Choose Dividend Stocks