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Innovative Industrial Properties (IIPR) Dividend Yield, Date & History

Innovative Industrial Properties logo
$67.70 -3.01 (-4.26%)
(As of 09:06 AM ET)
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Innovative Industrial Properties Dividend Summary

Dividend Yield
11.23%
Annual Dividend
$7.60
Next
Dividend Payment
Jan. 15
Annualized 3-Year
Dividend Growth
19.32%
Dividend Payout Ratio
135.23%

Innovative Industrial Properties (IIPR) pays an annual dividend of $7.60 per share, with a dividend yield of 11.23%. The next quarterly payment of $1.90 per share is scheduled for Wednesday, January 15, to investors who own the stock before the ex-dividend date of Tuesday, December 31. The company currently pays out 135.23% of its earnings and 142.68% of its cash flow as dividends.

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IIPR Dividend Payments by Quarter

The chart below displays up to four years of Innovative Industrial Properties' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

IIPR Dividend Yield Over Time

The chart below tracks Innovative Industrial Properties' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Innovative Industrial Properties vs. The Competition

Compare Innovative Industrial Properties' annual dividend, yield, and 3-year growth rate with averages for Finance and NYSE companies to evaluate its performance against the market.

TypeInnovative Industrial PropertiesFinance CompaniesNYSE Companies
Annual Dividend$7.60$0.02$1.39
Dividend Yield11.16%5.69%3.63%
Annualized 3-Year Dividend Growth19.32%12.89%15.73%

Innovative Industrial Properties Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings135.23%
Based on This Year's Estimate90.91%
Based on Next Year's Estimate88.68%
Based on Cashflow141.82%

Innovative Industrial Properties Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/13/2024Quarterly$1.90 - 7.26%12/31/202412/31/20241/15/2025
9/13/2024Quarterly$1.90 - 5.88%9/30/20249/30/202410/15/2024
6/14/2024Quarterly$1.90+$0.08
4.40%		7.13%6/27/20246/28/20247/15/2024
3/15/2024Quarterly$1.82 - 7.53%3/27/20243/28/20244/15/2024
12/15/2023Quarterly$1.82+$0.02
1.11%		7.4%12/28/202312/29/20231/12/2024
9/15/2023Quarterly$1.80 - 8.27%9/28/20239/29/202310/13/2023
6/15/2023Quarterly$1.80 - 9.76%6/29/20236/30/20237/14/2023
3/15/2023Quarterly$1.80 - 8.68%3/30/20233/31/20234/14/2023

This table shows Innovative Industrial Properties' quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Innovative Industrial Properties Dividend - Frequently Asked Questions

The current dividend yield for Innovative Industrial Properties is 11.16%. Learn more on IIPR's dividend yield history.

The annual dividend for IIPR shares is $7.60. Learn more on IIPR's annual dividend history.

Innovative Industrial Properties pays quarterly dividends to shareholders.

Innovative Industrial Properties's next quarterly dividend payment of $1.90 per share will be made to shareholders on Wednesday, January 15, 2025.

Innovative Industrial Properties's most recent quarterly dividend payment of $1.90 per share was made to shareholders on Tuesday, October 15, 2024.

Innovative Industrial Properties's next ex-dividend date is Tuesday, December 31, 2024.

Innovative Industrial Properties's most recent ex-dividend date was Monday, September 30, 2024.

Over the past three years, the company's dividend has grown by an average of 19.32% per year.

The most recent change in the company's dividend was an increase of $0.08 on Friday, June 14, 2024.

The dividend payout ratio for IIPR is:
  • 135.23% based on the trailing year of earnings
  • 90.91% based on this year's estimates
  • 88.68% based on next year's estimates
  • 141.82% based on cash flow

Innovative Industrial Properties' dividend yield of 7.26% is higher than the average Finance company that issues a dividend. IIPR has a dividend yield higher than 75% of all dividend-paying stocks 5.78, making it a leading dividend payer. Innovative Industrial Properties' dividend payout ratio of 135.23% may not be sustainable.

Looking at the stock as a whole, market analysts rate Innovative Industrial Properties stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.

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This page (NYSE:IIPR) was last updated on 12/30/2024 by MarketBeat.com Staff
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