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 5.66%.
IIPR has a dividend yield of 5.66% which is above the industry average but below the Real Estate sector average. But compared to its Real Estate sector average of 5.87%, Innovative Industrial Properties's dividend yield is only 3.6% lower. The historical 5-year average of IIPR's dividend yield is 5.3%, which is below the current yield.
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 79% from a year ago, the dividend yield has a decrease of 42%.
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% |
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 139.8%, Innovative Industrial Properties's payout ratio is 7% lower.
Yes, Innovative Industrial Properties has been paying dividends for the last seven years.
Innovative Industrial Properties's last regular dividend was on Sep 30, 2024 (ex-date) with the amount of $1.9 per share.
IIPR has paid dividend of $7.44 per share in the last year.
Currently Innovative Industrial Properties's dividend yield is 5.66%.
Innovative Industrial Properties has a quarterly dividend frequency.
The dividend payout ratio of Innovative Industrial Properties is 129.6%.
Innovative Industrial Properties's dividend yield is similar to the Real Estate sector average.
Special dividends are included in TTM DPS and yield. Data from and Sharadar.