Innovative Industrial Properties's latest quarterly cash dividend of $1.8 per share was issued to shareholders on record before Dec 29, 2022. At an annualized rate of $7.1 per share, the stock yields 7.62%.
IIPR has a dividend yield of 7.62% which is above the Real Estate sector and the industry average. Compared to its Real Estate sector average of 5.68%, Innovative Industrial Properties's dividend yield is 34% higher. The historical 5-year average of IIPR's dividend yield is 3.4%, which is below the current yield.
Innovative Industrial Properties has been paying dividends for the last five years. Our records show that IIPR has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 24% since twelve months ago. And with the price of the stock down by 52% from a year ago, the dividend yield has an increase of 156%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 |
IIPR has a payout ratio of 134.5% which is higher than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 102.6%, Innovative Industrial Properties's payout ratio is 31% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NREF NexPoint Real Estate Finance Inc | 10.29% | $2 | 100% |
| IIPR Innovative Industrial Properties Inc | 7.62% | $7.1 | 134.5% |
Yes, Innovative Industrial Properties has been paying dividends for the last five years.
IIPR hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in March 2023.
Innovative Industrial Properties's last regular dividend was on Dec 29, 2022 (ex-date) with the amount of $1.8 per share.
IIPR has paid dividend of $7.1 per share in the last year.
Currently Innovative Industrial Properties's dividend yield is 7.62%.
Innovative Industrial Properties has a quarterly dividend frequency.
The dividend payout ratio of Innovative Industrial Properties is 134.5%.
Innovative Industrial Properties's dividend yield is above the Real Estate sector average.