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IIPR Innovative Industrial Properties dividend history, payout ratio & dates

Innovative Industrial Properties's latest quarterly cash dividend of $1.8 per share was issued to shareholders on record before Jun 29, 2023. At an annualized rate of $7.2 per share, the stock yields 8.83%.

Key dates

  • IIPR last dividend date: Jun 29, 2023
  • IIPR next dividend date: Sep 28, 2023
IIPR dividend stats
DPS
$7.2
Dividend yield
8.83%
Payout ratio
126.3%
vs. Real Estate sector
Dividend yield
6.82%
Payout ratio
127.6%

Dividend yield

What is Innovative Industrial Properties current dividend yield

IIPR has a dividend yield of 8.83% which is above the Real Estate sector and the industry average. Compared to its Real Estate sector average of 6.82%, Innovative Industrial Properties's dividend yield is 29% higher. The historical 5-year average of IIPR's dividend yield is 4.1%, which is below the current yield.

Dividend history

What is IIPR dividend payout history and dates

Innovative Industrial Properties has been paying dividends for the last six years. Our records show that IIPR has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 11% since twelve months ago. And with the price of the stock down by 11% from a year ago, the dividend yield has an increase of 25%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Jun 29, 2023 Jul 14, 2023 Jun 15, 2023 $1.8 normal
Mar 30, 2023 Apr 14, 2023 Mar 15, 2023 $1.8 normal
Dec 29, 2022 Jan 13, 2023 Dec 15, 2022 $1.8 normal
Sep 29, 2022 Oct 14, 2022 Sep 15, 2022 $1.8 normal
Jun 29, 2022 Jul 15, 2022 Jun 15, 2022 $1.75 normal
Mar 30, 2022 Apr 14, 2022 Mar 14, 2022 $1.75 normal
Dec 30, 2021 Jan 14, 2022 Dec 15, 2021 $1.5 normal
Sep 29, 2021 Oct 15, 2021 Sep 15, 2021 $1.5 normal
Jun 29, 2021 Jul 15, 2021 Jun 15, 2021 $1.4 normal
Mar 30, 2021 Apr 15, 2021 Mar 15, 2021 $1.32 normal
Dec 30, 2020 Jan 15, 2021 Dec 14, 2020 $1.24 normal
Sep 29, 2020 Oct 15, 2020 Sep 15, 2020 $1.17 normal
Jun 29, 2020 Jul 15, 2020 Jun 15, 2020 $1.06 normal
Mar 30, 2020 Apr 15, 2020 Mar 13, 2020 $1 normal
Dec 30, 2019 Jan 15, 2020 Dec 10, 2019 $1 normal
Sep 27, 2019 Oct 15, 2019 Sep 13, 2019 $0.78 normal
Jun 27, 2019 Jul 15, 2019 Jun 14, 2019 $0.6 normal
Mar 28, 2019 Apr 15, 2019 Mar 12, 2019 $0.45 normal
Dec 28, 2018 Jan 15, 2019 Dec 14, 2018 $0.35 normal
Sep 27, 2018 Oct 15, 2018 Sep 14, 2018 $0.35 normal
Jun 28, 2018 Jul 16, 2018 Jun 15, 2018 $0.25 normal
Mar 28, 2018 Apr 16, 2018 Mar 15, 2018 $0.25 normal
Dec 28, 2017 Jan 16, 2018 Dec 15, 2017 $0.25 normal
Sep 28, 2017 Oct 13, 2017 Sep 15, 2017 $0.15 normal
Jun 28, 2017 Jul 14, 2017 May 30, 2017 $0.15 normal

Innovative Industrial Properties dividend payout ratio

What is Innovative Industrial Properties dividend payout ratio compared to the sector

Payout ratio

IIPR has a payout ratio of 126.3% which is higher than the industry average but lower than the Real Estate sector average. But in comparison with the Real Estate sector average of 127.6%, Innovative Industrial Properties's payout ratio is only 1% lower.

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

Frequently asked questions

Does Innovative Industrial Properties pay a dividend?

Yes, Innovative Industrial Properties has been paying dividends for the last six years.

When is Innovative Industrial Properties's next dividend?

IIPR's next dividend date is Sep 28, 2023 (ex-date).

When was IIPR's last dividend?

Innovative Industrial Properties's last regular dividend was on Jun 29, 2023 (ex-date) with the amount of $1.8 per share.

How much dividend does Innovative Industrial Properties pay (per share)?

IIPR has paid dividend of $7.2 per share in the last year.

What is Innovative Industrial Properties's dividend yield?

Currently Innovative Industrial Properties's dividend yield is 8.83%.

How often does Innovative Industrial Properties pay dividends?

Innovative Industrial Properties has a quarterly dividend frequency.

What is Innovative Industrial Properties's dividend payout ratio?

The dividend payout ratio of Innovative Industrial Properties is 126.3%.

Does Innovative Industrial Properties pay a good dividend?

Innovative Industrial Properties's dividend yield is above the Real Estate sector average.