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IIPR Innovative Industrial Properties Inc Dividend

Innovative Industrial Properties's latest quarterly cash dividend of $1.5 per share was issued to shareholders on record before Sep 29, 2021. At an annualized rate of $5.46 per share, the stock yields 2.18%. The latest IIPR dividend of $1.5 is an increase from the previous $1.4 payout, representing a growth of 7%.

IIPR next dividend date: Not announced

IIPR
DPS
$5.46
Dividend yield
2.18%
Payout ratio
122.7%
Real Estate sector
Dividend yield
3.63%
Payout ratio
84.7%

Dividend yield

IIPR has a dividend yield of 2.18% which is below the Real Estate sector and the industry average.

Dividend history

Innovative Industrial Properties has been paying dividends for the last four years. Our records show that IIPR has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 29% since twelve months ago. However with the price of the stock up by 62% from a year ago, the dividend yield has a decrease of 21%.

Recent dividends

Declared on Ex-date Payment date Amount Type
Sep 15, 2021 Sep 29, 2021 Oct 15, 2021 $1.5 normal
Jun 15, 2021 Jun 29, 2021 Jul 15, 2021 $1.4 normal
Mar 15, 2021 Mar 30, 2021 Apr 15, 2021 $1.32 normal
Dec 14, 2020 Dec 30, 2020 Jan 15, 2021 $1.24 normal
Sep 15, 2020 Sep 29, 2020 Oct 15, 2020 $1.17 normal
Jun 15, 2020 Jun 29, 2020 Jul 15, 2020 $1.06 normal
Mar 13, 2020 Mar 30, 2020 Apr 15, 2020 $1 normal
Dec 10, 2019 Dec 30, 2019 Jan 15, 2020 $1 normal
Sep 13, 2019 Sep 27, 2019 Oct 15, 2019 $0.78 normal
Jun 14, 2019 Jun 27, 2019 Jul 15, 2019 $0.6 normal
Mar 12, 2019 Mar 28, 2019 Apr 15, 2019 $0.45 normal
Dec 14, 2018 Dec 28, 2018 Jan 15, 2019 $0.35 normal
Sep 14, 2018 Sep 27, 2018 Oct 15, 2018 $0.35 normal
Jun 15, 2018 Jun 28, 2018 Jul 16, 2018 $0.25 normal
Mar 15, 2018 Mar 28, 2018 Apr 16, 2018 $0.25 normal
Dec 15, 2017 Dec 28, 2017 Jan 16, 2018 $0.25 normal
Sep 15, 2017 Sep 28, 2017 Oct 13, 2017 $0.15 normal
May 30, 2017 Jun 28, 2017 Jul 14, 2017 $0.15 normal

Dividend payouts

Payout ratio

IIPR has a payout ratio of 122.7% which is higher than the Real Estate sector and the industry average.

Total amount of dividends paid per financial year (from cash flow)