IIPR Innovative Industrial Properties dividend history, payout ratio & dates
Innovative Industrial Properties's latest cash dividend of $1.9 per share was issued to shareholders on record before Sep 30, 2024. At an annualized rate of $7.44 per share, the stock yields 5.56%.
Key dates
- IIPR last dividend date: Sep 30, 2024
IIPR dividend stats
vs. Real Estate sector
Dividend yield
IIPR has a dividend yield of 5.56% which is above the industry average but below the Real Estate sector average. Compared to its Real Estate sector average of 6%, Innovative Industrial Properties's dividend yield is 7% lower. The historical 5-year average of IIPR's dividend yield is 5.3%, which is similar to the current yield.
Dividend history
Innovative Industrial Properties has been paying dividends for the last seven years. Our records show that IIPR has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 3.3% since twelve months ago. However with the price of the stock up by 91% from a year ago, the dividend yield has a decrease of 46%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 30, 2024 | $1.9 | 5.53% |
| Jun 28, 2024 | $1.9 | 6.72% |
| Mar 27, 2024 | $1.82 | 6.94% |
| Dec 28, 2023 | $1.82 | 7.02% |
| Sep 28, 2023 | $1.8 | 9.82% |
| Jun 29, 2023 | $1.8 | 9.69% |
| Mar 30, 2023 | $1.8 | 9.59% |
| Dec 29, 2022 | $1.8 | 6.98% |
| Sep 29, 2022 | $1.8 | 7.72% |
| Jun 29, 2022 | $1.75 | 5.87% |
| Mar 30, 2022 | $1.75 | 3% |
| Dec 30, 2021 | $1.5 | 2.19% |
| Sep 29, 2021 | $1.5 | 2.36% |
| Jun 29, 2021 | $1.4 | 2.64% |
| Mar 30, 2021 | $1.32 | 2.71% |
| Dec 30, 2020 | $1.24 | 2.43% |
| Sep 29, 2020 | $1.17 | 3.39% |
| Jun 29, 2020 | $1.06 | 4.25% |
| Mar 30, 2020 | $1 | 4.22% |
| Dec 30, 2019 | $1 | 3.85% |
| Sep 27, 2019 | $0.78 | 2.28% |
| Jun 27, 2019 | $0.6 | 1.46% |
| Mar 28, 2019 | $0.45 | 1.65% |
| Dec 28, 2018 | $0.35 | 2.61% |
| Sep 27, 2018 | $0.35 | 2.36% |
| Jun 28, 2018 | $0.25 | 2.55% |
| Mar 28, 2018 | $0.25 | 3.04% |
| Dec 28, 2017 | $0.25 | 1.92% |
| Sep 28, 2017 | $0.15 | 1.63% |
| Jun 28, 2017 | $0.15 | 0.89% |
Innovative Industrial Properties dividend payout ratio
Payout ratio
IIPR has a payout ratio of 129.6% which is higher than the industry average but lower than the Real Estate sector average. In comparison with the Real Estate sector average of 137.4%, Innovative Industrial Properties's payout ratio is 6% 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 seven years.
When was IIPR's last dividend?
Innovative Industrial Properties's last regular dividend was on Sep 30, 2024 (ex-date) with the amount of $1.9 per share.
How much dividend does Innovative Industrial Properties pay (per share)?
IIPR has paid dividend of $7.44 per share in the last year.
What is Innovative Industrial Properties's dividend yield?
Currently Innovative Industrial Properties's dividend yield is 5.56%.
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 129.6%.
Does Innovative Industrial Properties pay a good dividend?
Innovative Industrial Properties's dividend yield is below the Real Estate sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.