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Buy Day today: Neutral (51) Mixed market breadth · no major macro event
IIPR

Innovative Industrial Properties, Inc.

Real Estate · REIT - Industrial

55.60$ -1.4% vs. previous close Closing price · As of: Sep 18, 2026

Dividend

Dividend

Dividend history for Innovative Industrial Properties, Inc. (IIPR): every payment, yield, payout ratio and growth at a glance. The most recent distribution was 1.90 $ per share (ex-date 06/30/2026).

Dividend Yield ?Annual dividend divided by the current price: what percentage of your investment comes back as a payout each year. 13.59%
Dividend Per Share (TTM) ?Sum of dividends paid per share over the last 12 months. 7.60$
Payout Ratio ?Share of profit paid out as dividends. Over 100% means the company is paying out more than it earns — not sustainable long-term. 1.6%
Increase Streak ?How many years in a row the dividend has been raised — the gold standard for dividend payers. 8Years
Years Without a Cut ?How many years in a row the dividend hasn't been cut — a measure of reliability. 8Years
Dividend growth (3-yr CAGR) ?Average annual dividend growth over the past three years. 2.3%
Dividend growth (5-yr CAGR) ?Average annual dividend growth over the past five years. 11.2%
Dividend per share by year ($)
2017 · 0.55 $ 2017 2018 · 1.20 $ 2018 2019 · 2.83 $ 2019 2020 · 4.47 $ 2020 2021 · 5.72 $ 2021 2022 · 7.10 $ 2022 2023 · 7.22 $ 2023 2024 · 7.52 $ 2024 2025 · 7.60 $ 2025

Payment History

Payment History IIPR
Ex-Date Payment Date Amount Change Type
06/30/2026 07/15/2026 1.90 $ 0.0% Quarterly
03/31/2026 04/15/2026 1.90 $ 0.0% Quarterly
12/31/2025 01/15/2026 1.90 $ 0.0% Quarterly
09/30/2025 10/15/2025 1.90 $ 0.0% Quarterly
06/30/2025 07/15/2025 1.90 $ 0.0% Quarterly
03/31/2025 04/15/2025 1.90 $ 0.0% Quarterly
12/31/2024 01/15/2025 1.90 $ 0.0% Quarterly
09/30/2024 10/15/2024 1.90 $ 0.0% Quarterly
06/28/2024 07/15/2024 1.90 $ +4.4% Quarterly
03/27/2024 04/15/2024 1.82 $ 0.0% Quarterly
12/28/2023 01/12/2024 1.82 $ +1.1% Quarterly
09/28/2023 10/13/2023 1.80 $ 0.0% Quarterly
06/29/2023 07/14/2023 1.80 $ 0.0% Quarterly
03/30/2023 04/14/2023 1.80 $ 0.0% Quarterly
12/29/2022 01/13/2023 1.80 $ 0.0% Quarterly
09/29/2022 10/14/2022 1.80 $ +2.9% Quarterly
06/29/2022 07/15/2022 1.75 $ 0.0% Quarterly
03/30/2022 04/14/2022 1.75 $ +16.7% Quarterly
12/30/2021 01/14/2022 1.50 $ 0.0% Quarterly
09/29/2021 10/15/2021 1.50 $ +7.1% Quarterly
06/29/2021 07/15/2021 1.40 $ +6.1% Quarterly
03/30/2021 04/15/2021 1.32 $ +6.5% Quarterly
12/30/2020 01/15/2021 1.24 $ +6.0% Quarterly
09/29/2020 10/15/2020 1.17 $ +10.4% Quarterly
06/29/2020 07/15/2020 1.06 $ +6.0% Quarterly
03/30/2020 04/15/2020 1.00 $ 0.0% Quarterly
12/30/2019 01/15/2020 1.00 $ +28.2% Quarterly
09/27/2019 10/15/2019 0.78 $ +30.0% Quarterly
06/27/2019 07/15/2019 0.60 $ +33.3% Quarterly
03/28/2019 04/15/2019 0.45 $ +28.6% Quarterly
12/28/2018 01/15/2019 0.35 $ 0.0% Quarterly
09/27/2018 10/15/2018 0.35 $ +40.0% Quarterly
06/28/2018 07/16/2018 0.25 $ 0.0% Quarterly
03/28/2018 04/16/2018 0.25 $ 0.0% Quarterly
12/28/2017 01/16/2018 0.25 $ +66.7% Quarterly
09/28/2017 10/13/2017 0.15 $ 0.0% Quarterly
06/28/2017 07/14/2017 0.15 $ Quarterly

Data as of: September 18, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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