CDP COPT Defense Properties — dividend yield, history & ex-dividend dates
COPT is a Real Estate Investment Trust (REIT) that focuses on the ownership, management, leasing, development, and strategic acquisition of office and data center assets. The majority of its portfolio is dedicated to serving the United States Government and its contractors, particularly those engaged in national security, defense, and information technology (IT) operations, which the company identifies as growing, resilient, and high-priority missions. Furthermore, COPT maintains a collection of Class-A office properties located in select urban submarkets across the greater Washington, DC/Baltimore metropolitan area, distinguished by strong market characteristics. As of June 30, 2023, 90% of COPT's core portfolio's annual rental income originated from its Defense/IT locations, while the remaining 10% came from its Regional Office properties. On the same date, COPT's core portfolio, including 24 properties held via unconsolidated joint ventures, comprised 192 properties spanning 22.9 million square feet and maintained a 95% occupancy rate.
Dividend Snapshot
Research Scores
Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.
How the Dividend Safety Score is built for CDP
| Input | Value | Points | Weight |
|---|---|---|---|
| Operating cash flow payout ratio | Operating cash flow payout ratio 45% (TTM to Jun 30, 2026) | 100 | 35% |
| Net debt / EBITDA | Net debt / EBITDA 6.2x (TTM to Jun 30, 2026) | 70 | 20% |
| Interest coverage | Interest coverage, EBITDA basis 4.5x (TTM to Jun 30, 2026) | 63 | 15% |
| Dividend record | 34 years of uninterrupted regular payments | 96 | 20% |
| Operating cash flow stability | Operating cash flow positive in 5 of the last 5 fiscal years (FY2021–FY2025) | 100 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: real estate investment trust. Formula version 2026-10-19.4.
How the Dividend Growth Score is built for CDP
| Input | Value | Points | Weight |
|---|---|---|---|
| 5-year dividend growth | 5-year dividend CAGR 2.1% (2020–2025) | 46 | 25% |
| Consecutive annual increases | 3 consecutive annual increases (through 2025) | 45 | 20% |
| Payout headroom | Headroom from the operating cash flow payout ratio 45% (TTM to Jun 30, 2026) | 100 | 20% |
| Operating cash flow per share growth (3 years) | Operating cash flow per share CAGR 7.8% (FY2022–FY2025) | 89 | 15% |
| Revenue growth (3 years) | Revenue CAGR 1.1% (FY2022–FY2025) | 50 | 10% |
| 10-year dividend growth | 10-year dividend CAGR 1.0% (2015–2025) | 35 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: real estate investment trust. Formula version 2026-10-19.4.
How the Dividend Value Score is built for CDP
| Input | Value | Points | Weight |
|---|---|---|---|
| Yield vs own history | Current yield at the 19th percentile of its 120 month-end yields | 19 | 40% |
| P/OCF vs own 5-year median | P/OCF 8.4 is 0.80x its 5-year median of 10.6 | 80 | 25% |
| Operating cash flow yield | Operating cash flow yield 12.1% (TTM to Jun 30, 2026) | 94 | 20% |
| P/OCF vs peers | P/OCF 8.4 vs peer median 12.6 (0.67x; 112 reit / Real Estate securities) | 92 | 15% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: real estate investment trust. Formula version 2026-10-19.4.
Key Metrics
Current Yield
3.82%
At the Oct 29, 2026 price
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Dividend
$1.2800
Declared Aug 13, 2026
The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.Frequency
Q Quarterly
How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.RSI (14)
45
As of Oct 29, 2026
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$27.32 – $38.35
Closes through Oct 23, 2026
The lowest and highest price over the past year, showing where today's price sits in its recent range.Payout Ratio (TTM)
106.21% (EPS-based)
12 months to Jun 30, 2026 (Q2 FY2026)
The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.Years Paying
34
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book (TTM)
2.51
Price as of Oct 25, 2026; latest reported book value
Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
Quote & Key Data
Dividend Growth
How often a record like this ends in a cut
CDP has raised its annual dividend in 17 separate years since March 1992, which ranks 609 among the 2,430 payers with a comparable record in our dataset. In 2 years the annual total fell by more than a fifth.
Of the 878 companies we track with 10 to 24 years of increases, 661 — 75 per cent — also have at least one year in which the dividend fell by more than 20 per cent. Across every company with twenty years of comparable history, only 277 of 1078 (26 per cent) have never cut. A long record of increases is common; a record with no cut anywhere in it is not.
Measured from annual totals using split-adjusted amounts, comparing only consecutive years with the same number of payments — a stock split and a payment shifting across a year boundary both look like cuts otherwise. The current year is excluded as incomplete. How we measure a cut, and what the corrections change. Figures are for information only, not a view on any security.
Why the Yield Moved (90 Days)
CDP's dividend yield rose from 3.37% to 3.82% over the past ~90 days (+0.45 pp). Of that move, +0.00 pp came from changes in the dividend rate and +0.45 pp from the share price ($37.96 on Jul 31, 2026 → $33.47 on Oct 29, 2026). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 273 daily observations over the past 13 months (through Oct 23, 2026), CDP's current yield is higher than approximately 32% of them. Our stored price history for CDP covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Dividend History
Dividend Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $0.3200 Q | Regular | Aug 13, 2026 | Sep 30, 2026 | Sep 30, 2026 | Oct 15, 2026 |
| $0.3200 Q | Regular | May 14, 2026 | Jun 30, 2026 | Jun 30, 2026 | Jul 15, 2026 |
| $0.3200 Q | Regular | Feb 19, 2026 | Mar 31, 2026 | Mar 31, 2026 | Apr 15, 2026 |
| $0.3050 Q | Regular | Nov 13, 2025 | Dec 31, 2025 | Dec 31, 2025 | Jan 15, 2026 |
| $0.3050 Q | Regular | Aug 14, 2025 | Sep 30, 2025 | Sep 30, 2025 | Oct 16, 2025 |
| $0.3050 Q | Regular | May 20, 2025 | Jun 30, 2025 | Jun 30, 2025 | Jul 16, 2025 |
| $0.3050 Q | Regular | Feb 20, 2025 | Mar 31, 2025 | Mar 31, 2025 | Apr 16, 2025 |
| $0.2950 Q | Regular | Nov 14, 2024 | Dec 31, 2024 | Dec 31, 2024 | Jan 15, 2025 |
| $0.2950 Q | Regular | Aug 08, 2024 | Sep 30, 2024 | Sep 30, 2024 | Oct 17, 2024 |
| $0.2950 Q | Regular | May 09, 2024 | Jun 28, 2024 | Jun 28, 2024 | Jul 17, 2024 |
| $0.2950 Q | Regular | Feb 22, 2024 | Mar 27, 2024 | Mar 29, 2024 | Apr 17, 2024 |
| $0.2850 Q | Regular | Nov 09, 2023 | Dec 28, 2023 | Dec 29, 2023 | Jan 18, 2024 |
| $0.2850 Q | Regular | Aug 10, 2023 | Sep 28, 2023 | Sep 29, 2023 | Oct 16, 2023 |
| $0.2850 Q | Regular | May 11, 2023 | Jun 29, 2023 | Jun 30, 2023 | Jul 17, 2023 |
| $0.2850 Q | Regular | N/A | Mar 30, 2023 | Mar 31, 2023 | Apr 17, 2023 |
| $0.2750 Q | Regular | N/A | Dec 29, 2022 | Dec 30, 2022 | Jan 17, 2023 |
| $0.2750 Q | Regular | N/A | Sep 29, 2022 | Sep 30, 2022 | Oct 17, 2022 |
| $0.2750 Q | Regular | N/A | Jun 29, 2022 | Jun 30, 2022 | Jul 15, 2022 |
| $0.2750 Q | Regular | N/A | Mar 30, 2022 | Mar 31, 2022 | Apr 15, 2022 |
| $0.2750 Q | Regular | N/A | Dec 31, 2021 | Jan 03, 2022 | Jan 18, 2022 |
| $0.2750 Q | Regular | N/A | Sep 29, 2021 | Sep 30, 2021 | Oct 15, 2021 |
| $0.2750 Q | Regular | N/A | Jun 29, 2021 | Jun 30, 2021 | Jul 15, 2021 |
| $0.2750 Q | Regular | N/A | Mar 30, 2021 | Mar 31, 2021 | Apr 15, 2021 |
| $0.2750 Q | Regular | N/A | Dec 30, 2020 | Dec 31, 2020 | Jan 15, 2021 |
| $0.2750 Q | Regular | N/A | Sep 29, 2020 | Sep 30, 2020 | Oct 15, 2020 |
| $0.2750 Q | Regular | N/A | Jun 29, 2020 | Jun 30, 2020 | Jul 15, 2020 |
| $0.2750 Q | Regular | N/A | Mar 30, 2020 | Mar 31, 2020 | Apr 15, 2020 |
| $0.2750 Q | Regular | N/A | Dec 30, 2019 | Dec 31, 2019 | Jan 15, 2020 |
| $0.2750 Q | Regular | N/A | Sep 27, 2019 | Sep 30, 2019 | Oct 15, 2019 |
| $0.2750 Q | Regular | N/A | Jun 27, 2019 | Jun 28, 2019 | Jul 15, 2019 |
| $0.2750 Q | Regular | N/A | Mar 28, 2019 | Mar 29, 2019 | Apr 15, 2019 |
| $0.2750 Q | Regular | N/A | Dec 28, 2018 | Dec 31, 2018 | Jan 15, 2019 |
| $0.2750 Q | Regular | N/A | Sep 27, 2018 | Sep 28, 2018 | Oct 15, 2018 |
| $0.2750 Q | Regular | N/A | Jun 28, 2018 | Jun 29, 2018 | Jul 16, 2018 |
| $0.2750 Q | Regular | N/A | Mar 28, 2018 | Mar 30, 2018 | Apr 16, 2018 |
| $0.2750 Q | Regular | N/A | Dec 28, 2017 | Dec 29, 2017 | Jan 16, 2018 |
| $0.2750 Q | Regular | N/A | Sep 28, 2017 | Sep 30, 2017 | Oct 16, 2017 |
| $0.2750 Q | Regular | N/A | Jun 28, 2017 | Jun 30, 2017 | Jul 17, 2017 |
| $0.2750 Q | Regular | N/A | Mar 29, 2017 | Mar 31, 2017 | Apr 17, 2017 |
| $0.2750 Q | Regular | N/A | Dec 28, 2016 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Sep 28, 2016 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Jun 28, 2016 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Mar 29, 2016 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Dec 29, 2015 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Sep 28, 2015 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Jun 26, 2015 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Mar 27, 2015 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Dec 29, 2014 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Sep 26, 2014 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Jun 26, 2014 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Mar 27, 2014 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Dec 27, 2013 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Sep 26, 2013 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Jun 26, 2013 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Mar 26, 2013 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Dec 27, 2012 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Sep 26, 2012 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Jun 27, 2012 | N/A | N/A |
| $0.2750 Q | Regular | N/A | Mar 28, 2012 | N/A | N/A |
| $0.4130 Q | Regular | N/A | Dec 28, 2011 | N/A | N/A |
| $0.4130 Q | Regular | N/A | Sep 28, 2011 | N/A | N/A |
| $0.4130 Q | Regular | N/A | Jun 28, 2011 | N/A | N/A |
| $0.4130 Q | Regular | N/A | Mar 29, 2011 | N/A | N/A |
| $0.4130 Q | Regular | N/A | Dec 29, 2010 | N/A | N/A |
| $0.4130 Q | Regular | N/A | Sep 28, 2010 | N/A | N/A |
| $0.3930 Q | Regular | N/A | Jun 28, 2010 | N/A | N/A |
| $0.3930 Q | Regular | N/A | Mar 29, 2010 | N/A | N/A |
| $0.3930 Q | Regular | N/A | Dec 29, 2009 | N/A | N/A |
| $0.3930 Q | Regular | N/A | Sep 28, 2009 | N/A | N/A |
| $0.3730 Q | Regular | N/A | Jun 26, 2009 | N/A | N/A |
| $0.3730 Q | Regular | N/A | Mar 27, 2009 | N/A | N/A |
| $0.3730 Q | Regular | N/A | Dec 29, 2008 | N/A | N/A |
| $0.3730 Q | Regular | N/A | Sep 26, 2008 | N/A | N/A |
| $0.3400 Q | Regular | N/A | Jun 26, 2008 | N/A | N/A |
| $0.3400 Q | Regular | N/A | Mar 27, 2008 | N/A | N/A |
| $0.3400 Q | Regular | N/A | Dec 27, 2007 | N/A | N/A |
| $0.3400 Q | Regular | N/A | Sep 26, 2007 | N/A | N/A |
| $0.3100 Q | Regular | N/A | Jun 27, 2007 | N/A | N/A |
| $0.3100 Q | Regular | N/A | Mar 28, 2007 | N/A | N/A |
| $0.3100 Q | Regular | N/A | Dec 27, 2006 | N/A | N/A |
| $0.3100 Q | Regular | N/A | Sep 27, 2006 | N/A | N/A |
| $0.2800 Q | Regular | N/A | Jun 28, 2006 | N/A | N/A |
| $0.2800 Q | Regular | N/A | Mar 29, 2006 | N/A | N/A |
| $0.2800 Q | Regular | N/A | Dec 28, 2005 | N/A | N/A |
| $0.2800 Q | Regular | N/A | Sep 28, 2005 | N/A | N/A |
| $0.2550 Q | Regular | N/A | Jun 28, 2005 | N/A | N/A |
| $0.2550 Q | Regular | N/A | Mar 29, 2005 | N/A | N/A |
| $0.2550 Q | Regular | N/A | Dec 29, 2004 | N/A | N/A |
| $0.2550 Q | Regular | N/A | Sep 28, 2004 | N/A | N/A |
| $0.2350 Q | Regular | N/A | Jun 28, 2004 | N/A | N/A |
| $0.2350 Q | Regular | N/A | Mar 29, 2004 | N/A | N/A |
| $0.2350 Q | Regular | N/A | Dec 29, 2003 | N/A | N/A |
| $0.2350 Q | Regular | N/A | Sep 26, 2003 | N/A | N/A |
| $0.2200 Q | Regular | N/A | Jun 26, 2003 | N/A | N/A |
| $0.2200 Q | Regular | N/A | Mar 27, 2003 | N/A | N/A |
| $0.2200 Q | Regular | N/A | Dec 27, 2002 | N/A | N/A |
| $0.2200 Q | Regular | N/A | Sep 26, 2002 | N/A | N/A |
| $0.2100 Q | Regular | N/A | Jun 26, 2002 | N/A | N/A |
| $0.2100 Q | Regular | N/A | Mar 26, 2002 | N/A | N/A |
| $0.2100 Q | Regular | N/A | Dec 27, 2001 | N/A | N/A |
| $0.2100 Q | Regular | N/A | Sep 26, 2001 | N/A | N/A |
| $0.2000 Q | Regular | N/A | Jun 27, 2001 | N/A | N/A |
| $0.2000 Q | Regular | N/A | Mar 28, 2001 | N/A | N/A |
| $0.2000 Q | Regular | N/A | Dec 27, 2000 | N/A | N/A |
| $0.2000 Q | Regular | N/A | Sep 27, 2000 | N/A | N/A |
| $0.1900 Q | Regular | N/A | Jun 28, 2000 | N/A | N/A |
| $0.1900 Q | Regular | N/A | Mar 29, 2000 | N/A | N/A |
| $0.1900 Q | Regular | N/A | Dec 29, 1999 | N/A | N/A |
| $0.1900 Q | Regular | N/A | Sep 28, 1999 | N/A | N/A |
| $0.1800 Q | Regular | N/A | Jun 28, 1999 | N/A | N/A |
| $0.1800 Q | Regular | N/A | Mar 29, 1999 | N/A | N/A |
| $0.1800 Q | Regular | N/A | Dec 29, 1998 | N/A | N/A |
| $0.1800 Q | Regular | N/A | Sep 16, 1998 | N/A | N/A |
| $0.1500 Q | Regular | N/A | Jun 26, 1998 | N/A | N/A |
| $0.1500 Q | Regular | N/A | Mar 27, 1998 | N/A | N/A |
| $0.1250 Q | Regular | N/A | Dec 29, 1997 | N/A | N/A |
| $0.1250 Q | Regular | N/A | Sep 26, 1997 | N/A | N/A |
| $0.1250 Q | Regular | N/A | Jun 26, 1997 | N/A | N/A |
| $0.1250 Q | Regular | N/A | Mar 26, 1997 | N/A | N/A |
| $0.1250 Q | Regular | N/A | Dec 26, 1996 | N/A | N/A |
Peer Comparison
Selected REIT - Office dividend payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| KRC | Kilroy Realty Corporation | 6.08% | 1.9% | 0 yrs | 74 |
| ARE | Alexandria Real Estate Equities, Inc. | 7.22% | 2.0% | 0 yrs | 65 |
| CUZ | Cousins Properties Incorporated | 4.49% | 1.5% | 0 yrs | 64 |
| BXP | BXP, Inc. | 4.55% | -3.0% | 0 yrs | 59 |
Related Guides & Lists
CDP dividend — frequently asked questions
Does COPT Defense Properties pay a dividend?
Yes. COPT Defense Properties (CDP) currently pays a dividend. The annualized dividend is about $1.28 per share, a yield of approximately 3.82%.
What is COPT Defense Properties's dividend yield?
COPT Defense Properties's dividend yield is approximately 3.82%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does COPT Defense Properties pay dividends?
COPT Defense Properties pays dividends quarterly — 4 times per year.
How long has COPT Defense Properties paid dividends?
COPT Defense Properties has 34 years of dividend payments on record, and has increased its dividend for 3 consecutive years.
Data updated Oct 29, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.