Overview Dividends

IIPR Dividend History & Analysis | 14.8% Yield

IIPR has a dividend yield of 14.8% and paid 7.6 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 14.78%
Dividends per Share 12m 7.60
Dividend Growth Rate CAGR 5y 13.89%
Overall Dividend Rating 90.68%
Yield on Cost 5y 7.06%
Payout Ratio 1.8%
Payouts in the last 12m 4
Payout Consistency 5y 97.80%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Number of Payouts Yearly This chart shows the number of dividend payouts per year. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over the last 5 years in one graph. The price axis is on the left and the dividend yield axis is on the right.
Total Return 12m: -45.6% (S&P 500: 14.6%)
Total Return 5y: -52.2% (S&P 500: 98.8%)

Top Dividend Payers in Industrial REITs

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
IIPR 1,347 M 14.8% 7.06%
PLYM 991 M 4.37% 8.88%
HASI 4,095 M 6.29% 4.92%
REXR 10,048 M 5.13% 5.07%
STAG 7,426 M 4.13% 6.71%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate (CAGR) Payout Consistency
REXR 10,048 M 18.1% 100%
EGP 9,374 M 14.8% 95.3%
TRNO 6,397 M 13.8% 99.4%
IIPR 1,347 M 13.9% 100%
PLD 119,759 M 13.4% 95.7%

Similar Stocks with Attractive Dividends - Compare IIPR Dividends with its Peer-Group

TRNO
Terreno Realty
 4.02% Yield

IIPR Dividend History: Last 34 Payments (USD) as of December 2025

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
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% 2.47%
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%
2021-09-29 2021-09-30 2021-10-15 Quarterly 1.5 7.1% 0.64%
2021-06-29 2021-06-30 2021-07-15 Quarterly 1.4 6.1% 0.72%
2021-03-30 2021-03-31 2021-04-15 Quarterly 1.32 6.5% 0.76%
2020-12-30 2020-12-31 2021-01-15 Quarterly 1.24 6% 0.69%
2020-09-29 2020-09-30 2020-10-15 Quarterly 1.17 10.4% N/A
2020-06-29 2020-06-30 2020-07-15 Quarterly 1.06 6% N/A
2020-03-30 2020-03-31 2020-04-15 Quarterly 1 0% N/A
2019-12-30 2019-12-31 2020-01-15 Quarterly 1 28.2% N/A
2019-09-27 2019-09-30 2019-10-15 Quarterly 0.78 30% N/A
2019-06-27 2019-06-28 2019-07-15 Quarterly 0.6 33.3% N/A
2019-03-28 2019-03-29 2019-04-15 Quarterly 0.45 28.6% N/A
2018-12-28 2018-12-31 2019-01-15 Quarterly 0.35 0% N/A
2018-09-27 2018-09-28 2018-10-15 Quarterly 0.35 40% N/A
2018-06-28 2018-06-29 2018-07-16 Quarterly 0.25 0% N/A
2018-03-28 2018-03-29 2018-04-16 Quarterly 0.25 0% N/A
2017-12-28 2017-12-29 2018-01-16 Quarterly 0.25 66.7% N/A
2017-09-28 2017-09-29 2017-10-13 Quarterly 0.15 0% N/A
2017-06-28 2017-06-30 2017-07-14 Quarterly 0.15 0% N/A

IIPR Dividend FAQ

Innovative Industrial Properties, Inc. (NYSE:IIPR) is a publicly traded REIT that acquires, owns, and manages specialized industrial and life-science properties, primarily leasing to federally regulated cannabis cultivators.

What is the Dividend Yield of IIPR?

As of December 2025, IIPR`s dividend yield is 14.78%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 7.60 USD by the current share price of 51.41.

Does IIPR pay a dividend?

As of December 2025, IIPR paid a dividend of 7.60 USD in the last 12 months. The last dividend was paid on 2025-09-30 and the payout was 1.9 USD.

How often does IIPR pay dividends?

IIPR pays dividends quarterly. Over the last 12 months, IIPR has issued 4 dividend payments. The last dividend payment was made on 2025-09-30.

IIPR dividend forecast

Based on historical data, the forecasted dividends per share for IIPR for the next 4 payments are between 1.934 (+1.8%) and 1.966 (+3.5%).
This suggests the dividend will remain relatively stable.

Will IIPR pay dividends in 2025?

The latest dividend paid per share was 1.9 USD with an Ex-Dividend Date of 2025-09-30. The next Ex-Dividend date for Innovative Industrial (IIPR) is currently unknown.

What is the next Ex-Dividend Date for IIPR?

The next Ex-Dividend date for Innovative Industrial (IIPR) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of IIPR?

IIPR's average dividend growth rate over the past 5 years is 13.9% per year.
Strong growth: IIPR's Dividend growth is outpacing inflation.

What is the Yield on Cost of IIPR?

IIPR's 5-Year Yield on Cost is 7.06%. If you bought IIPR's shares at 107.58 USD five years ago, your current annual dividend income (7.60 USD per share, trailing 12 months) equals 7.06% of your original purchase price.

What is the Payout Consistency of IIPR?

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.

Does IIPR have a good Dividend Yield?

IIPR`s 14.78% Dividend Yield is considered as extremely high. Investors should watch out for NAV decline.

What is the Dividend Payout Ratio of IIPR?

The Dividend Payout Ratio of IIPR is 1.8%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of IIPR?

IIPR`s Overall Dividend Rating is 90.68%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

Key Metric Definitions

  • Dividend Yield: Annual dividend per share divided by current share price.
  • Dividend Growth Rate: Compound annual growth rate of annual dividend per share over the last 5 years.
  • Payout Ratio: Percentage of earnings paid as dividends (TTM).
  • Payout Consistency: % of eligible periods with uninterrupted or increased dividends, measured over the entire lifetime of the stock or fund.
  • Payout Frequency: Number of dividends paid in the last 12m (TTM).
  • Overall Dividend Rating: Proprietary composite score, quantified on a scale from 0 to +100. Ratings surpassing 70 are regarded as favorable, while those exceeding 85 are strong.
  • Total Return: Price appreciation plus dividends over specified period.
  • Market Cap: Figures are in millions of the corresponding currency.

Last update: 2025-11-30 02:19