IIPR Dividend
Innovative Industrial Properties, Inc.
NYSEReal EstateStockData as of
- Dividend yield
- 13.70%
- Annual dividend
- $7.60
- Payout ratio
- 1.61
- Frequency
- Quarterly
- Share price
- $55.47
- Market cap
- $1.6B
Next payment
Ex-dividend date: Pay date: Amount: $1.9000
You must own the shares before the ex-dividend date to receive this payment.
Is IIPR a good dividend stock?
What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.
- Yield is far above the marketAt 13.70%, the yield is more than three times the median of 2.92% across US dividend payers. A yield rises when a share price falls, so an unusually high figure often reflects what the market expects rather than what management has promised.
- Paying out more than it earnsA payout ratio of 1.61 exceeds reported earnings, which is normal for a REIT: large depreciation charges push accounting earnings well below the cash the business actually collects. Analysts judge REIT dividends against funds from operations instead.
- No annual reduction on recordAcross 9 complete years of payment history, the total paid has never fallen year on year.
- Raised for 8 consecutive yearsDerived from split-adjusted payment history and approximate; treat it as a relative signal rather than a certified record.
IIPR dividend history
Annual dividend per share, 2017 to 2025.
Recent dividend payments
| Ex-dividend date | Pay date | Amount | Type |
|---|---|---|---|
| $1.9000 | Quarterly | ||
| $1.9000 | Quarterly | ||
| $1.9000 | Quarterly | ||
| $1.9000 | Quarterly | ||
| $1.9000 | Quarterly | ||
| $1.9000 | Quarterly | ||
| $1.9000 | Quarterly | ||
| $1.9000 | Quarterly | ||
| $1.9000 | Quarterly | ||
| $1.8200 | Quarterly | ||
| $1.8200 | Quarterly | ||
| $1.8000 | Quarterly | ||
| $1.8000 | Quarterly | ||
| $1.8000 | Quarterly | ||
| $1.8000 | Quarterly | ||
| $1.8000 | Quarterly | ||
| $1.7500 | Quarterly | ||
| $1.7500 | Quarterly | ||
| $1.5000 | Quarterly | ||
| $1.5000 | Quarterly | ||
| $1.4000 | Quarterly | ||
| $1.3200 | Quarterly | ||
| $1.2400 | Quarterly | ||
| $1.1700 | Quarterly | ||
| $1.0600 | Quarterly | ||
| $1.0000 | Quarterly | ||
| $1.0000 | Quarterly | ||
| $0.7800 | Quarterly | ||
| $0.6000 | Quarterly | ||
| $0.4500 | Quarterly | ||
| $0.3500 | Quarterly | ||
| $0.3500 | Quarterly | ||
| $0.2500 | Quarterly | ||
| $0.2500 | Quarterly | ||
| $0.2500 | Quarterly | ||
| $0.1500 | Quarterly | ||
| $0.1500 | Quarterly |
How much would IIPR pay you?
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- NLYAnnaly Capital Management, Inc.13.83%
- KREFKKR Real Estate Finance Trust Inc.13.39%
- STWDStarwood Property Trust, Inc.13.37%
- ACREAres Commercial Real Estate Corporation14.32%
- CHMICherry Hill Mortgage Investment Corporation14.60%
- NREFNexPoint Real Estate Finance, Inc.12.68%
- ADAMAdamas Trust, Inc.12.65%
- EFCEllington Financial Inc.12.62%
Frequently asked questions
- Does IIPR pay a dividend?
- Yes. Innovative Industrial Properties, Inc. pays a quarterly dividend, currently yielding 13.70% based on trailing twelve-month payments of $7.60 per share.
- How much does IIPR pay in dividends?
- $7.60 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.
- When is the next IIPR ex-dividend date?
- The next ex-dividend date on record is September 30, 2026, with payment on October 15, 2026. You must own the shares before the ex-dividend date to receive that payment.