Dividends
IIPR Dividend History, Yield & Dates
Dividend Yield · Dividend History · Ex-Dividend Date · Payment Date
IIPRInnovative Industrial Properties, Inc.
Real Estate / REIT - Industrial
Relative Leader / Watch
Strong Relative Position
Latest quote
- Momentum49
- Value60
- Quality61
- Risk resilience59
- Sentiment—
IIPR Dividend answer
Innovative Industrial Properties, Inc. (IIPR) pays a quarterly dividend. Forward dividend yield: 14.60%, or $7.60 a year at the latest dividend. Trailing 12-month yield: 14.60%, from $7.60 per share paid over the past year. Its latest dividend was $1.90 per share. Latest ex-dividend date: Sep 30, 2026. Payment date: Oct 15, 2026. Next dividend status: not announced.
IIPR Dividend Snapshot
Yield, annual dividend, latest payment, payout coverage, growth, and dividend history are emphasized for this stock. Yield methodology is labeled separately from payout coverage.
Next IIPR Dividend Date
When IIPR next goes ex-dividend, the amount where it has been declared, and whether that state is announced, projected or not yet known.
Next IIPR dividend
IIPR's next dividend has not yet been announced. The latest completed dividend was $1.90 per share. Data last checked: Oct 10, 2026.
Latest IIPR Dividend Dates
Review the latest dividend, yield, available trailing-year income, and coverage context before treating income as durable.
AIQ Dividend bridge
Margins, returns, leverage, and cash conversion support dividend durability.
Yield is more useful when valuation context is not stretched.
Lower drawdown and balance-sheet risk can improve income dependability.
IIPR Dividend History
Recent per-share dividends show payment cadence. Trailing-year and growth reads are shown only when the available rows cover a complete comparable window.
Dividend reliability
Recent dividend payments are summarized as cadence and coverage signals. Exact rows remain below for auditability.
IIPR Annual Dividend History
IIPR Dividend Growth
Latest row amount $1.90, event yield 13.94%.
This page labels the feed as recent history when multi-year rows, payment dates, or record dates are incomplete. Announced calendar dates are separated from completed dividend history.
Dividend growth
- 5-year regular dividend CAGR
- 11.20%
- Cohort rank
- #8
- Cohort standing
- Top quartile
- 2020 regular DPS
- $4.470
- 2025 regular DPS
- $7.600
- Absolute change
- $3.130
- Years increased
- 5
- Years reduced
- 0
IIPR's split-adjusted regular dividend per share grew at 11.20% a year from 2020 through 2025, ranking #8 among REITs that never cut the payout in AlgovestIQ's study.
Split-adjusted regular dividends per share, 2020–2025, excluding special dividends. Research as of Sep 19, 2026.
IIPR Dividend Yield
How IIPR's trailing 12-month dividend yield is calculated, and what it does and does not account for.
Yield methodology
IIPR's trailing dividend yield is the regular dividends paid over the last twelve months divided by the latest available share price. Payouts classified as special or supplemental are excluded, because a one-off payment is not recurring income. It is a backward-looking measure and is not the same as a forward yield, which annualises the most recent declared payment instead.
Dividend coverage
Coverage is read from earnings and cash flow rather than from the yield. A payout ratio leaves room, or does not; free cash flow either covers the payment, or the company is funding it another way. These are inputs to a judgement, not a guarantee of future payments.
Recent IIPR dividend payments
| Ex-date | Dividend | Adjusted | Yield at ex-date | Frequency | TTM adjusted | Declared | Record date | Payment date |
|---|---|---|---|---|---|---|---|---|
| Sep 30, 2026 | $1.90 | $1.90 | 13.94% | Quarterly | $7.60 | Sep 15, 2026 | Sep 30, 2026 | Oct 15, 2026 |
| Jun 30, 2026 | $1.90 | $1.90 | 12.26% | Quarterly | $7.60 | Jun 15, 2026 | Jun 30, 2026 | Jul 15, 2026 |
| Mar 31, 2026 | $1.90 | $1.90 | 15.15% | Quarterly | $7.60 | Mar 13, 2026 | Mar 31, 2026 | Apr 15, 2026 |
| Dec 31, 2025 | $1.90 | $1.90 | 16.05% | Quarterly | $7.60 | Dec 15, 2025 | Dec 31, 2025 | Jan 15, 2026 |
| Sep 30, 2025 | $1.90 | $1.90 | 14.18% | Quarterly | $7.60 | Sep 15, 2025 | Sep 30, 2025 | Oct 15, 2025 |
Show older history+33 rows
| Jun 30, 2025 | $1.90 | $1.90 | 13.76% | Quarterly | $7.60 | Jun 13, 2025 | Jun 30, 2025 | Jul 15, 2025 |
| Mar 31, 2025 | $1.90 | $1.90 | 12.52% | Quarterly | $7.60 | Mar 14, 2025 | Mar 31, 2025 | Apr 15, 2025 |
| Dec 31, 2024 | $1.90 | $1.90 | 11.28% | Quarterly | $7.52 | Dec 13, 2024 | Dec 31, 2024 | Jan 15, 2025 |
| Sep 30, 2024 | $1.90 | $1.90 | 5.53% | Quarterly | $7.44 | Sep 13, 2024 | Sep 30, 2024 | Oct 15, 2024 |
| Jun 28, 2024 | $1.90 | $1.90 | 6.72% | Quarterly | $7.34 | Jun 14, 2024 | Jun 28, 2024 | Jul 15, 2024 |
| Mar 27, 2024 | $1.82 | $1.82 | 6.94% | Quarterly | $7.24 | Mar 15, 2024 | Mar 28, 2024 | Apr 15, 2024 |
| Dec 28, 2023 | $1.82 | $1.82 | 7.02% | Quarterly | $7.22 | Dec 15, 2023 | Dec 29, 2023 | Jan 12, 2024 |
| Sep 28, 2023 | $1.80 | $1.80 | 9.82% | Quarterly | $7.20 | Sep 15, 2023 | Sep 29, 2023 | Oct 13, 2023 |
| Jun 29, 2023 | $1.80 | $1.80 | 9.69% | Quarterly | $7.20 | Jun 15, 2023 | Jun 30, 2023 | Jul 14, 2023 |
| Mar 30, 2023 | $1.80 | $1.80 | 9.59% | Quarterly | $7.15 | Mar 15, 2023 | Mar 31, 2023 | Apr 14, 2023 |
| Dec 29, 2022 | $1.80 | $1.80 | 6.98% | Quarterly | $7.10 | Dec 15, 2022 | Dec 30, 2022 | Jan 13, 2023 |
| Sep 29, 2022 | $1.80 | $1.80 | 7.72% | Quarterly | $6.80 | Sep 15, 2022 | Sep 30, 2022 | Oct 14, 2022 |
| Jun 29, 2022 | $1.75 | $1.75 | 5.87% | Quarterly | $6.50 | Jun 15, 2022 | Jun 30, 2022 | Jul 15, 2022 |
| Mar 30, 2022 | $1.75 | $1.75 | 3.00% | Quarterly | $6.15 | Mar 14, 2022 | Mar 31, 2022 | Apr 14, 2022 |
| Dec 30, 2021 | $1.50 | $1.50 | 2.19% | Quarterly | $5.72 | Dec 15, 2021 | Dec 31, 2021 | Jan 14, 2022 |
| Sep 29, 2021 | $1.50 | $1.50 | 2.36% | Quarterly | $5.46 | Sep 15, 2021 | Sep 30, 2021 | Oct 15, 2021 |
| Jun 29, 2021 | $1.40 | $1.40 | 2.64% | Quarterly | $5.13 | Jun 15, 2021 | Jun 30, 2021 | Jul 15, 2021 |
| Mar 30, 2021 | $1.32 | $1.32 | 2.71% | Quarterly | $4.79 | Mar 15, 2021 | Mar 31, 2021 | Apr 15, 2021 |
| Dec 30, 2020 | $1.24 | $1.24 | 2.43% | Quarterly | $4.47 | Dec 14, 2020 | Dec 31, 2020 | Jan 15, 2021 |
| Sep 29, 2020 | $1.17 | $1.17 | 3.39% | Quarterly | $4.23 | Sep 15, 2020 | Sep 30, 2020 | Oct 15, 2020 |
| Jun 29, 2020 | $1.06 | $1.06 | 4.25% | Quarterly | $3.84 | Jun 15, 2020 | Jun 30, 2020 | Jul 15, 2020 |
| Mar 30, 2020 | $1.00 | $1.00 | 4.22% | Quarterly | $3.38 | Mar 13, 2020 | Mar 31, 2020 | Apr 15, 2020 |
| Dec 30, 2019 | $1.00 | $1.00 | 3.85% | Quarterly | $2.83 | Dec 10, 2019 | Dec 31, 2019 | Jan 15, 2020 |
| Sep 27, 2019 | $0.78 | $0.78 | 2.28% | Quarterly | $2.18 | Sep 13, 2019 | Sep 30, 2019 | Oct 15, 2019 |
| Jun 27, 2019 | $0.60 | $0.60 | 1.46% | Quarterly | $1.75 | Jun 14, 2019 | Jun 28, 2019 | Jul 15, 2019 |
| Mar 28, 2019 | $0.45 | $0.45 | 1.65% | Quarterly | $1.40 | Mar 12, 2019 | Mar 29, 2019 | Apr 15, 2019 |
| Dec 28, 2018 | $0.35 | $0.35 | 2.61% | Quarterly | $1.20 | Dec 14, 2018 | Dec 31, 2018 | Jan 15, 2019 |
| Sep 27, 2018 | $0.35 | $0.35 | 2.36% | Quarterly | $1.10 | Sep 14, 2018 | Sep 28, 2018 | Oct 15, 2018 |
| Jun 28, 2018 | $0.25 | $0.25 | 2.55% | Quarterly | $0.90 | Jun 15, 2018 | Jun 29, 2018 | Jul 16, 2018 |
| Mar 28, 2018 | $0.25 | $0.25 | 3.04% | Quarterly | — | Mar 15, 2018 | Mar 29, 2018 | Apr 16, 2018 |
| Dec 28, 2017 | $0.25 | $0.25 | 1.92% | Quarterly | — | Dec 15, 2017 | Dec 29, 2017 | Jan 16, 2018 |
| Sep 28, 2017 | $0.15 | $0.15 | 1.63% | Quarterly | — | Sep 15, 2017 | Sep 29, 2017 | Oct 13, 2017 |
| Jun 28, 2017 | $0.15 | $0.15 | 88.81% | Quarterly | — | May 30, 2017 | Jun 30, 2017 | Jul 14, 2017 |
Dividend yield is only the starting point. Pair the current distribution with payout ratio, free cash flow coverage, balance-sheet risk, and the history of actual payments before treating income as durable.
A higher yield is more useful when earnings and free cash flow cover the distribution. A yield caused by a falling stock price can be a warning, not a bargain.
Stable or rising payments can indicate capital return discipline. Flat, skipped, or missing payments should be read with earnings and cash flow before drawing conclusions.
A low payout ratio can leave room for growth; a high payout ratio can indicate limited cushion. Cyclical companies need more room than stable defensive businesses.
IIPR dividend research links
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Estimate income using editable yield and payment assumptions.
Compare reinvesting dividends with taking them as cash.
Review payout ratio, cash flow, profitability, and balance-sheet context.
Read dividend income beside volatility, drawdown, and risk resilience.
Open DividendInvestorIQ for dividend discovery, comparisons, and income planning tools.
IIPR Dividend Comparisons
How IIPR's income profile compares with the peers it is most often weighed against.
Dividend calculators
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Related Links
IIPR Dividends FAQ
Does IIPR pay a dividend?
Innovative Industrial Properties, Inc. (IIPR) has covered dividend payment history on this page, including a latest dividend of $1.90 per share and a quarterly cadence based on available events.
What is IIPR's dividend yield?
IIPR's trailing dividend yield is 14.60%. Trailing dividend yield equals dividends paid over the trailing 12 months divided by the latest available share price.
When is IIPR's next dividend?
IIPR's next dividend has not been announced in the current AlgovestIQ snapshot. The latest completed dividend row remains available in the history table when covered data exists.
When is IIPR's ex-dividend date?
IIPR's latest covered ex-dividend date is Sep 30, 2026. Future ex-dividend dates are shown only when announced or explicitly projected.
How has IIPR's dividend changed?
IIPR's one-year dividend growth is 0.00% based on comparable covered dividend history.