Does REFI pay a dividend?

Yes. Chicago Atlantic Real Estate Finance, Inc. pays a quarterly dividend, currently yielding 21.22% based on trailing twelve-month payments of $1.88 per share.

How much does REFI pay in dividends?

$1.88 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.

When is the next REFI ex-dividend date?

No upcoming ex-dividend date is currently on record for REFI. Dates appear here once the company declares them.

REFI Dividend

Chicago Atlantic Real Estate Finance, Inc.

NASDAQReal EstateStockData as of September 30, 2026

Dividend yield: 21.22%
Annual dividend: $1.88
Payout ratio: 1.38
Frequency: Quarterly
Share price: $8.86
Market cap: $227M

Is REFI a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

Yield is far above the marketAt 21.22%, the yield is more than three times the median of 2.81% across US dividend payers. A yield rises when a share price falls, so an unusually high figure often reflects what the market expects rather than what management has promised.
Paying out more than it earnsA payout ratio of 1.38 exceeds reported earnings, which is normal for a REIT: large depreciation charges push accounting earnings well below the cash the business actually collects. Analysts judge REIT dividends against funds from operations instead.
No annual reduction on recordAcross 5 complete years of payment history, the total paid has never fallen year on year.

REFI dividend history

Annual dividend per share, 2021 to 2025.

Peak $1.88 in 2025Typical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 20 dividend payments for REFI, most recent first.
Ex-dividend date	Pay date	Amount	Type
September 30, 2026	October 15, 2026	$0.4700	Quarterly
June 30, 2026	July 15, 2026	$0.4700	Quarterly
March 31, 2026	April 15, 2026	$0.4700	Quarterly
December 31, 2025	January 15, 2026	$0.4700	Quarterly
September 30, 2025	October 15, 2025	$0.4700	Quarterly
June 30, 2025	July 15, 2025	$0.4700	Quarterly
March 31, 2025	April 15, 2025	$0.4700	Semi-Annual
December 31, 2024	January 13, 2025	$0.6500	Special
September 30, 2024	October 15, 2024	$0.4700	Quarterly
June 28, 2024	July 15, 2024	$0.4700	Quarterly
March 27, 2024	April 15, 2024	$0.4700	Semi-Annual
December 28, 2023	January 12, 2024	$0.7600	Special
September 28, 2023	October 13, 2023	$0.4700	Quarterly
June 29, 2023	July 14, 2023	$0.4700	Quarterly
March 30, 2023	April 14, 2023	$0.4700	Quarterly
December 29, 2022	January 13, 2023	$0.7600	Special
September 29, 2022	October 14, 2022	$0.4700	Quarterly
June 29, 2022	July 15, 2022	$0.4700	Quarterly
March 30, 2022	April 14, 2022	$0.4000	Quarterly
December 30, 2021	January 14, 2022	$0.2600	Quarterly

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Frequently asked questions

Does REFI pay a dividend?: Yes. Chicago Atlantic Real Estate Finance, Inc. pays a quarterly dividend, currently yielding 21.22% based on trailing twelve-month payments of $1.88 per share.
How much does REFI pay in dividends?: $1.88 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next REFI ex-dividend date?: No upcoming ex-dividend date is currently on record for REFI. Dates appear here once the company declares them.