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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 Sep 29, 2022. At an annualized rate of $6.8 per share, the stock yields 7.68%. The latest IIPR dividend of $1.8 is an increase from the previous $1.75 payout, representing a growth of 2.9%.

Key dates

  • IIPR last dividend date: Sep 29, 2022
  • IIPR next dividend date: Not announced
IIPR dividend stats
DPS
$6.8
Dividend yield
7.68%
Payout ratio
131%
vs. Real Estate sector
Dividend yield
6.35%
Payout ratio
116.2%

Dividend yield

What is Innovative Industrial Properties current dividend yield

IIPR has a dividend yield of 7.68% which is above the Real Estate sector and the industry average. Compared to its Real Estate sector average of 6.35%, Innovative Industrial Properties's dividend yield is 21% higher. The historical 5-year average of IIPR's dividend yield is 3.2%, 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 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 25% since twelve months ago. And with the price of the stock down by 62% from a year ago, the dividend yield has an increase of 229%.

Recent dividends

Ex-date Payment date Declared on Amount Type
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 131% which is higher than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 116.2%, Innovative Industrial Properties's payout ratio is 13% higher.

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

IIPR dividend vs peer dividends

How does IIPR dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
NREF NexPoint Real Estate Finance Inc 13.18% $1.98 44.2%
IIPR Innovative Industrial Properties Inc 7.68% $6.8 131%

Frequently asked questions

Does Innovative Industrial Properties pay a dividend?

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

When is Innovative Industrial Properties's next dividend?

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 December 2022.

When was IIPR's last dividend?

Innovative Industrial Properties's last regular dividend was on Sep 29, 2022 (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 $6.8 per share in the last year.

What is Innovative Industrial Properties's dividend yield?

Currently Innovative Industrial Properties's dividend yield is 7.68%.

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 131%.

Does Innovative Industrial Properties pay a good dividend?

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