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Boston Properties, Inc. (BXP) logo

Boston Properties, Inc.

S&P 500
BXP|Real Estate|REIT - Office|$59.43|P/E 29.9|MCap 10.5B|NYSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

54/ 100Caution

BXP's dividend shows some areas that warrant monitoring. Strengths include a 51.6% fcf payout ratio & 1.7x current ratio. Areas of concern: 154.8% earnings payout ratio & 1.6x interest coverage. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.

Based on 15 of 15 metrics

Strengths

  • Operating Margin: 29.2%Healthy operating margin provides a wide buffer.
  • Gross Margin: 60.2%High gross margin signals strong pricing power.
  • Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.

Risks

  • Earnings Payout Ratio: 154.8%High earnings payout ratio leaves little safety margin.
  • 5-Year Dividend CAGR: -3.0%Dividend growth has been weak or negative.
  • Interest Coverage: 1.6xInterest coverage is thin relative to debt servicing.

Payout & Coverage

Caution
Earnings Payout Ratio
154.8%Danger
FCF Payout Ratio
51.6%Safe
CFO Payout Ratio
54.2%Caution
Interest Coverage
1.6xWarning

Balance Sheet

Caution
Net Debt / Total Assets
60.7%Warning
Current Ratio
1.7xSafe
Debt-to-Equity
211.9Caution

Profitability

Safe
Return on Equity
5.5%Warning
Operating Margin
29.2%Very Safe
Gross Margin
60.2%Very Safe
Profit Margin Stability
VolatileWarning

Dividend Track Record

Safe
Dividend Streak
11+ yrsVery Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
-3.0%Danger
Earnings Stability
StableSafe

About Boston Properties, Inc.

Boston Properties, Inc. is a publicly traded real estate investment trust focused on owning, developing, and managing premier commercial workplaces across major U.S. markets. The company specializes in high-quality office properties, life science facilities, and mixed-use developments in key gateway cities including Boston, Los Angeles, New York City, San Francisco, Seattle, and Washington, D.C. It provides comprehensive property management services, encompassing nonresidential property oversight, real estate brokerage, and related operations to support tenant needs and operational efficiency. Boston Properties, Inc. emphasizes creating exceptional environments that foster corporate culture, workforce productivity, and business growth for forward-thinking organizations. Its portfolio features environmentally conscious designs and innovative spaces tailored for dynamic industries such as technology, finance, and professional services. As a leader in the commercial real estate sector, the company plays a vital role in shaping urban landscapes and supporting economic vitality in top-tier business districts. Founded in 1970 and headquartered in Boston, Massachusetts, Boston Properties, Inc. continues to deliver premier real estate solutions nationwide.

Dividend Overview

Dividend Yield

5.18%

Annual Dividend

$3.08

Frequency

Quarterly

Payout Ratio

154.77%

FCF Payout Ratio

51.65%

Stock Price

$59.43

52-Week Range

$49.72 $79.33

Dividend History (2016–2025)

BXP annual dividend per share and yield history

Earnings & Profitability

BXP earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

March 31, 2026

Last Payment Date

April 30, 2026

Dividend Growth

3-Year Dividend CAGR

-5.01%

5-Year Dividend CAGR

-3.04%

10-Year Dividend CAGR

0.49%

3-Year Total Growth

-14.29%

5-Year Total Growth

-14.29%

10-Year Total Growth

5.00%

Income Calculator

BXP Dividend Calculator

Total Investment

$5,943.00

Annual Income

$308.00

Quarterly Income

$77.00

Monthly Income

$25.67

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Frequently Asked Questions

What is BXP's current dividend yield?
Boston Properties, Inc. (BXP) currently has a dividend yield of 5.18%, based on a stock price of $59.43 and an annual dividend of $3.08.
When is BXP's next dividend payment date?
BXP's next ex-dividend date is 2026-03-31 and the next payment date is 2026-04-30. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does BXP pay in dividends per year?
Boston Properties, Inc. paid $3.36 per share in annual dividends in 2025. The dividends are paid quarterly.
Has BXP been increasing its dividend?
Boston Properties, Inc. has grown its dividend at a 5-year CAGR of -3.04% and a 10-year CAGR of 0.49%.
Is BXP's dividend safe?
Boston Properties, Inc. has a payout ratio of 154.77%. Its free cash flow payout ratio is 51.65%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.
How is BXP's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Boston Properties, Inc.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.