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Innovative Industrial Properties (IIPR) Dividend Yield, Date & History

Innovative Industrial Properties logo
$55.71 +0.72 (+1.31%)
Closing price 05/2/2025 03:59 PM Eastern
Extended Trading
$55.82 +0.10 (+0.19%)
As of 05/2/2025 07:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Innovative Industrial Properties Dividend Summary

Dividend Yield
13.64%
Annual Dividend
$7.60
Recent
Dividend Payment
Apr. 15
Dividend Increase
Track Record
4 Years
Annualized 3-Year
Dividend Growth
9.55%
Dividend Payout Ratio
137.43%

Innovative Industrial Properties (IIPR) pays an annual dividend of $7.60 per share, with a dividend yield of 13.64%. The most recent quarterly payment of $1.90 per share was paid on Tuesday, April 15, to investors who owned the stock before the ex-dividend date of Monday, March 31. IIPR has grown its dividend for 4 consecutive years, with an average annual increase of 3.09%. The company currently pays out 137.43% of its earnings and 121.14% of its cash flow as dividends.

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IIPR Dividend Payments by Quarter

The chart below displays up to four years of Innovative Industrial Properties' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

IIPR Dividend Yield Over Time

The chart below tracks Innovative Industrial Properties' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Innovative Industrial Properties vs. The Competition

Compare Innovative Industrial Properties' annual dividend, yield, and 3-year growth rate with averages for Finance and NYSE companies to evaluate its performance against the market.

TypeInnovative Industrial PropertiesFinance CompaniesNYSE Companies
Annual Dividend$7.60$0.02$1.42
Dividend Yield13.64%5.58%4.01%
Annualized 3-Year Dividend Growth9.55%11.42%11.35%
Track Record4 years14 years18 years

Innovative Industrial Properties Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings137.43%
Based on This Year's Estimate91.79%
Based on Next Year's Estimate85.97%
Based on Cashflow121.14%

Innovative Industrial Properties Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
3/14/2025quarterly$1.90 - 11.15%3/31/20253/31/20254/15/2025
12/13/2024Quarterly$1.90 - 7.26%12/31/202412/31/20241/15/2025
9/13/2024Quarterly$1.90 - 5.88%9/30/20249/30/202410/15/2024
6/14/2024Quarterly$1.90+$0.08
4.40%
7.13%6/27/20246/28/20247/15/2024
3/15/2024Quarterly$1.82 - 7.53%3/27/20243/28/20244/15/2024
12/15/2023Quarterly$1.82+$0.02
1.11%
7.4%12/28/202312/29/20231/12/2024
9/15/2023Quarterly$1.80 - 8.27%9/28/20239/29/202310/13/2023
6/15/2023Quarterly$1.80 - 9.76%6/29/20236/30/20237/14/2023

This table shows Innovative Industrial Properties' quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Innovative Industrial Properties Dividend - Frequently Asked Questions

The current dividend yield for Innovative Industrial Properties is 13.64%. Learn more on IIPR's dividend yield history.

The annual dividend for IIPR shares is $7.60. Learn more on IIPR's annual dividend history.

Innovative Industrial Properties pays quarterly dividends to shareholders.

Innovative Industrial Properties's most recent quarterly dividend payment of $1.90 per share was made to shareholders on Tuesday, April 15, 2025.

Innovative Industrial Properties's most recent ex-dividend date was Monday, March 31, 2025.

Over the past three years, the company's dividend has grown by an average of 9.55% per year.

Innovative Industrial Properties has increased its dividend for the past 4 consecutive years.

The most recent change in the company's dividend was an increase of $0.08 on Friday, June 14, 2024.

The dividend payout ratio for IIPR is:
  • 137.43% based on the trailing year of earnings
  • 91.79% based on this year's estimates
  • 85.97% based on next year's estimates
  • 121.14% based on cash flow

Innovative Industrial Properties' dividend yield of 13.82% is higher than the average Finance company that issues a dividend. IIPR has a dividend yield higher than 75% of all dividend-paying stocks 5.88, making it a leading dividend payer. The company's 4 consecutive years of dividend growth are not enough to demonstrate a strong track record of dividend growth yet. Innovative Industrial Properties' dividend payout ratio of 137.43% may not be sustainable.

Looking at the stock as a whole, market analysts rate Innovative Industrial Properties stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NYSE:IIPR) was last updated on 5/4/2025 by MarketBeat.com Staff
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