Innovative (IIPR) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $7.60
- Forward yield
- 14.30%
- Payout ratio
- 172.3%
- Growth streak
- 5 years
Innovative Industrial Properties pays a quarterly dividend of $1.90 per share. Its most recent payment has an ex-date of September 30, 2026 and a pay date of October 15, 2026. Over the trailing twelve months, it paid $7.60 per share, a yield of 15.12% at a share price of $50.26.
The rate rose several times in the earlier part of the table. It went from $1.50 to $1.75 with the March 2022 payment, to $1.80 in September 2022, to $1.82 in December 2023 and to $1.90 with the June 2024 payment. Those steps ranged from about 1.1% to 16.7%, and the rate is about 26.7% higher than in December 2021. It has been $1.90 for the last ten payments. Payments by calendar year rose from $7.10 in 2022 to $7.22 in 2023, $7.52 in 2024 and $7.60 in 2025. The source gives a growth streak of five years.
Ex-dates fall on or near the last business day of each quarter, with payment around the 15th of the following month. If the pattern holds, the next payment would go ex-dividend around December 31, 2026 and be paid around January 15, 2027.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Sep 15, 2026 | Sep 30, 2026 | Oct 15, 2026 | $1.90 |
| Jun 15, 2026 | Jun 30, 2026 | Jul 15, 2026 | $1.90 |
| Mar 13, 2026 | Mar 31, 2026 | Apr 15, 2026 | $1.90 |
| Dec 15, 2025 | Dec 31, 2025 | Jan 15, 2026 | $1.90 |
| Sep 15, 2025 | Sep 30, 2025 | Oct 15, 2025 | $1.90 |
| Jun 13, 2025 | Jun 30, 2025 | Jul 15, 2025 | $1.90 |
| Mar 14, 2025 | Mar 31, 2025 | Apr 15, 2025 | $1.90 |
| Dec 13, 2024 | Dec 31, 2024 | Jan 15, 2025 | $1.90 |
| Sep 13, 2024 | Sep 30, 2024 | Oct 15, 2024 | $1.90 |
| Jun 14, 2024 | Jun 28, 2024 | Jul 15, 2024 | $1.90 |
| Mar 15, 2024 | Mar 27, 2024 | Apr 15, 2024 | $1.82 |
| Dec 15, 2023 | Dec 28, 2023 | Jan 12, 2024 | $1.82 |
| Sep 15, 2023 | Sep 28, 2023 | Oct 13, 2023 | $1.80 |
| Jun 15, 2023 | Jun 29, 2023 | Jul 14, 2023 | $1.80 |
| Mar 15, 2023 | Mar 30, 2023 | Apr 14, 2023 | $1.80 |
| Dec 15, 2022 | Dec 29, 2022 | Jan 13, 2023 | $1.80 |
| Sep 15, 2022 | Sep 29, 2022 | Oct 14, 2022 | $1.80 |
| Jun 15, 2022 | Jun 29, 2022 | Jul 15, 2022 | $1.75 |
| Mar 14, 2022 | Mar 30, 2022 | Apr 14, 2022 | $1.75 |
| Dec 15, 2021 | Dec 30, 2021 | Jan 14, 2022 | $1.50 |
Frequently asked questions
Does Innovative (IIPR) pay a dividend?
Yes. Innovative pays a quarterly dividend; the most recent payment was $1.90 per share.
What is IIPR's dividend yield?
Innovative paid $7.60 per share over the trailing twelve months, a yield of 14.30% at the last price of $53.16. Click here to learn more
When is IIPR's most recent ex-dividend date?
Innovative's most recent ex-dividend date is Sep 30, 2026, payable on Oct 15, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has IIPR been raising its dividend?
Yes — Innovative has increased its dividend for 5 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.