IIPR Dividend History & Analysis | 14.6% Yield
IIPR has a dividend yield of 14.6% and paid 7.6 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.
Top Dividend Payers in Industrial REITs
| SYMBOL | MARKET CAP USD | YIELD TTM | YIELD ON COST 5y |
|---|---|---|---|
| STAG NYSE STAG Industrial |
7,146 M | 3.78% | 4.08% |
| EGP NYSE EastGroup Properties |
10,693 M | 3.32% | 3.75% |
| FR NYSE First Industrial Realty |
7,455 M | 3.28% | 3.75% |
| TRNO NYSE Terreno Realty |
7,083 M | 3.38% | 3.31% |
| PLD NYSE Prologis |
124,447 M | 3.09% | 3.33% |
| SYMBOL | MARKET CAP USD | GROWTH RATE | CONSISTENCY |
|---|---|---|---|
| FR NYSE First Industrial Realty |
7,455 M | 14.88% | 100.0% |
| TRNO NYSE Terreno Realty |
7,083 M | 10.22% | 100.0% |
| PLD NYSE Prologis |
124,447 M | 8.45% | 91.7% |
| EGP NYSE EastGroup Properties |
10,693 M | 8.03% | 100.0% |
| STAG NYSE STAG Industrial |
7,146 M | 6.48% | 91.7% |
IIPR Dividend History
Dividend Monthly Return EX date, 4.9 years of data
Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.
| EX-DATE | RECORD | PAYMENT | PERIOD | DIV/SHARE | GROWTH | PAYOUT YIELD |
|---|---|---|---|---|---|---|
| 2026-09-30 | 2026-09-30 | 2026-10-15 | Quarterly | 1.9 | 0% | 3.6% |
| 2026-06-30 | 2026-06-30 | 2026-07-15 | Quarterly | 1.9 | 0% | 3.09% |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | Quarterly | 1.9 | 0% | 3.87% |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | Quarterly | 1.9 | 0% | 3.99% |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | Quarterly | 1.9 | 0% | 3.57% |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | Quarterly | 1.9 | 0% | 3.42% |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | Quarterly | 1.9 | 0% | 3.52% |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | Quarterly | 1.9 | 0% | 2.88% |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | Quarterly | 1.9 | 0% | 1.42% |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | Quarterly | 1.9 | +4.4% | 1.74% |
| 2024-03-27 | 2024-03-28 | 2024-04-15 | Quarterly | 1.82 | 0% | 1.77% |
| 2023-12-28 | 2023-12-29 | 2024-01-12 | Quarterly | 1.82 | +1.1% | 1.79% |
| 2023-09-28 | 2023-09-29 | 2023-10-13 | Quarterly | 1.8 | 0% | 2.37% |
| 2023-06-29 | 2023-06-30 | 2023-07-14 | Quarterly | 1.8 | 0% | 2.48% |
| 2023-03-30 | 2023-03-31 | 2023-04-14 | Quarterly | 1.8 | 0% | 2.39% |
| 2022-12-29 | 2022-12-30 | 2023-01-13 | Quarterly | 1.8 | 0% | 1.77% |
| 2022-09-29 | 2022-09-30 | 2022-10-14 | Quarterly | 1.8 | +2.9% | 1.98% |
| 2022-06-29 | 2022-06-30 | 2022-07-15 | Quarterly | 1.75 | 0% | 1.57% |
| 2022-03-30 | 2022-03-31 | 2022-04-14 | Quarterly | 1.75 | +16.7% | 0.84% |
| 2021-12-30 | 2021-12-31 | 2022-01-14 | Quarterly | 1.5 | 0% | 0.58% |
IIPR Dividend FAQ
As of November 2026, IIPR's dividend yield is 14.55%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 7.60 USD by the current share price of 55.00.
As of November 2026, IIPR paid a dividend of 7.60 USD in the last 12 months. The last dividend was paid on 2026-09-30 and the payout was 1.9 USD.
IIPR pays dividends quarterly. Over the last 12 months, IIPR has issued 4 dividend payments. The last dividend payment was made on 2026-09-30.
Based on historical data, the forecasted dividends per share for IIPR for the next payments are between 1.893 (-0.4%) and 1.929 (+1.5%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 13.9%.
The latest dividend paid per share was 1.9 USD with an Ex-Dividend Date of 2026-09-30. The next Ex-Dividend date for Innovative Industrial (IIPR) is currently unknown.
The next Ex-Dividend date for Innovative Industrial (IIPR) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.
IIPR's average dividend growth rate over the past 5 years is 2.47% per year. Weak growth: IIPR's dividend growth is lower than inflation.
IIPR's 5-Year Yield on Cost is 4.46%. If you bought IIPR's shares at 170.39 USD five years ago, your current annual dividend income (7.60 USD per share, trailing 12 months) equals 4.46% of your original purchase price.
IIPR Payout Consistency is 100.0%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: Innovative Industrial has a strong track record of consistent dividend payments over its lifetime.
IIPR's 14.55% Dividend Yield is considered as extremely high. Investors should watch out for NAV decline.
The Dividend Payout Ratio of IIPR is 134.8%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.
IIPR's Overall Dividend Rating is 70.39%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.
IIPR Outstanding Shares Analysis
Key Metric Definitions
Annual dividend per share divided by current share price.
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Compound annual growth rate of dividends over the last 5 years.
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Proprietary score (0-100) combining yield, growth, safety and consistency.
Last update: 2026-10-24 02:39 UTC