Innovative Industrial Properties (IIPR) Dividend Yield, Date & History $55.71 +0.72 (+1.31%) Closing price 05/2/2025 03:59 PM EasternExtended 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. Add Compare Share Share Dividend Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsBuy This Stock Innovative Industrial Properties Dividend SummaryDividend Yield13.64%Annual Dividend$7.60Recent Dividend Payment Apr. 15 Dividend Increase Track Record 4 YearsAnnualized 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. Get Dividend Stock Ideas Daily Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Enter your email to sign up for newsletter Sign Up Skip Charts & View Dividend HistoryIIPR Dividend Payments by QuarterDividend Payments by Quarter Chart DescriptionThe 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.Open Innovative Industrial Properties in Dividend Calculator IIPR Dividend Yield Over TimeDividend Yield Over Time Chart DescriptionThe 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.Open Innovative Industrial Properties in Dividend Yield Calculator Innovative Industrial Properties vs. The CompetitionCompare 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 CompaniesAnnual Dividend$7.60$0.02$1.42Dividend Yield13.64%5.58%4.01%Annualized 3-Year Dividend Growth9.55%11.42%11.35%Track Record4 years14 years18 yearsInnovative Industrial Properties Dividend Payout RatioDividend 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 RatioBased 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 Custom Range 3 Months 6 Months Year-to-Date 1 Year 2 Years 3 Years 5 Years 10 Years All Time Time Frame * Start Date * End Date AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date3/14/2025quarterly$1.90 - 11.15%3/31/20253/31/20254/15/202512/13/2024Quarterly$1.90 - 7.26%12/31/202412/31/20241/15/20259/13/2024Quarterly$1.90 - 5.88%9/30/20249/30/202410/15/20246/14/2024Quarterly$1.90+$0.084.40%7.13%6/27/20246/28/20247/15/20243/15/2024Quarterly$1.82 - 7.53%3/27/20243/28/20244/15/2024 Get the Latest News and Ratings for IIPR and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Innovative Industrial Properties and its competitors with MarketBeat's FREE daily newsletter. 12/15/2023Quarterly$1.82+$0.021.11%7.4%12/28/202312/29/20231/12/20249/15/2023Quarterly$1.80 - 8.27%9/28/20239/29/202310/13/20236/15/2023Quarterly$1.80 - 9.76%6/29/20236/30/20237/14/2023This 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 What is Innovative Industrial Properties's dividend yield? The current dividend yield for Innovative Industrial Properties is 13.64%. Learn more on IIPR's dividend yield history. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7.60. Learn more on IIPR's annual dividend history. How often does Innovative Industrial Properties pay dividends? Innovative Industrial Properties pays quarterly dividends to shareholders. When was Innovative Industrial Properties's most recent dividend payment? Innovative Industrial Properties's most recent quarterly dividend payment of $1.90 per share was made to shareholders on Tuesday, April 15, 2025. When was Innovative Industrial Properties's most recent ex-dividend date? Innovative Industrial Properties's most recent ex-dividend date was Monday, March 31, 2025. Is Innovative Industrial Properties's dividend growing? Over the past three years, the company's dividend has grown by an average of 9.55% per year. What track record does Innovative Industrial Properties have of raising its dividend? Innovative Industrial Properties has increased its dividend for the past 4 consecutive years. When did Innovative Industrial Properties last increase or decrease its dividend? The most recent change in the company's dividend was an increase of $0.08 on Friday, June 14, 2024. What is Innovative Industrial Properties's dividend payout ratio? 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 Is Innovative Industrial Properties a good dividend stock? 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. 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