Innovative Industrial Properties, Inc. (IIPR) Dividend History
IIPR latest dividend
The next dividend has not been announced yet.
- 7 yearsof dividend increases
- 2017paying since
- Quarterly4 payments a year
- +11.2%5-year growth a year
- 14.51%forward yield
IIPR dividend income calculator
- Dividend income a year
- $760
- Each payment
- $190
- Value of the shares
- $5,239
- Dividend yield
- 14.51%
At the latest close; forward annual dividend $7.60 per share, before tax.
IIPR dividends per share by year
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
IIPR dividend safety
Descriptive bands, not a rating.
IIPR yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $53.71 | 14.15% | $7.60 | 14.2% |
| 3 years ago | $76.86 | 9.89% | $22.64 | 29.5% |
| 5 years ago | $240.82 | 3.16% | $36.64 | 15.2% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
IIPR dividend payments
Each bar is one payment, by ex-dividend month (last 38 payments).
IIPR dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $7.60 | +1.1% | 16.05% | 4 |
| 2024 | $7.52 | +4.2% | 11.28% | 4 |
| 2023 | $7.22 | +1.7% | 7.16% | 4 |
| 2022 | $7.10 | +24.1% | 7.01% | 4 |
| 2021 | $5.72 | +28.0% | 2.18% | 4 |
| 2020 | $4.47 | +58.0% | 2.44% | 4 |
| 2019 | $2.83 | +135.8% | 3.73% | 4 |
| 2018 | $1.20 | — | 2.64% | 4 |
| 2017 | $0.55 | — | 1.70% | 3 |
IIPR dividend history
38 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-15 | $1.90 | — | Quarterly |
| 2026-06-30 | 2026-07-15 | $1.90 | — | Quarterly |
| 2026-03-31 | 2026-04-15 | $1.90 | — | Quarterly |
| 2025-12-31 | 2026-01-15 | $1.90 | — | Quarterly |
| 2025-09-30 | 2025-10-15 | $1.90 | — | Quarterly |
| 2025-06-30 | 2025-07-15 | $1.90 | — | Quarterly |
| 2025-03-31 | 2025-04-15 | $1.90 | — | Quarterly |
| 2024-12-31 | 2025-01-15 | $1.90 | — | Quarterly |
| 2024-09-30 | 2024-10-15 | $1.90 | — | Quarterly |
| 2024-06-28 | 2024-07-15 | $1.90 | +4.4% | Quarterly |
| 2024-03-27 | 2024-04-15 | $1.82 | — | Quarterly |
| 2023-12-28 | 2024-01-12 | $1.82 | +1.1% | Quarterly |
| 2023-09-28 | 2023-10-13 | $1.80 | — | Quarterly |
| 2023-06-29 | 2023-07-14 | $1.80 | — | Quarterly |
| 2023-03-30 | 2023-04-14 | $1.80 | — | Quarterly |
| 2022-12-29 | 2023-01-13 | $1.80 | — | Quarterly |
Show all 38 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-09-29 | 2022-10-14 | $1.80 | +2.9% | Quarterly |
| 2022-06-29 | 2022-07-15 | $1.75 | — | Quarterly |
| 2022-03-30 | 2022-04-14 | $1.75 | +16.7% | Quarterly |
| 2021-12-30 | 2022-01-14 | $1.50 | — | Quarterly |
| 2021-09-29 | 2021-10-15 | $1.50 | +7.1% | Quarterly |
| 2021-06-29 | 2021-07-15 | $1.40 | +6.1% | Quarterly |
| 2021-03-30 | 2021-04-15 | $1.32 | +6.5% | Quarterly |
| 2020-12-30 | 2021-01-15 | $1.24 | +6.0% | Quarterly |
| 2020-09-29 | 2020-10-15 | $1.17 | +10.4% | Quarterly |
| 2020-06-29 | 2020-07-15 | $1.06 | +6.0% | Quarterly |
| 2020-03-30 | 2020-04-15 | $1.00 | — | Quarterly |
| 2019-12-30 | 2020-01-15 | $1.00 | +28.2% | Quarterly |
| 2019-09-27 | 2019-10-15 | $0.78 | +30.0% | Quarterly |
| 2019-06-27 | 2019-07-15 | $0.6 | +33.3% | Quarterly |
| 2019-03-28 | 2019-04-15 | $0.45 | +28.6% | Quarterly |
| 2018-12-28 | 2019-01-15 | $0.35 | — | Quarterly |
| 2018-09-27 | 2018-10-15 | $0.35 | +40.0% | Quarterly |
| 2018-06-28 | 2018-07-16 | $0.25 | — | Quarterly |
| 2018-03-28 | 2018-04-16 | $0.25 | — | Quarterly |
| 2017-12-28 | 2018-01-16 | $0.25 | +66.7% | Quarterly |
| 2017-09-28 | 2017-10-13 | $0.15 | — | Quarterly |
| 2017-06-28 | 2017-07-14 | $0.15 | — | Quarterly |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
IIPR stock split history
Innovative Industrial has no stock splits on record.
IIPR dividend overview
Innovative Industrial pays an annual dividend of $7.60 per share, a yield of 14.51% at the latest close, paid quarterly. It paid $7.60 per share in 2025, up 1.1% from 2024. It has raised its dividend for 7 consecutive years. Over five years the dividend grew 11.2% a year on average. The payout ratio is 1.6% of trailing earnings.
Related: IIPR cash flow statement, IIPR key metrics, IIPR chart. See the IIPR stock overview for the latest quote and news.
IIPR dividends FAQ
Does Innovative Industrial pay a dividend?
Yes. Innovative Industrial has paid a regular dividend since 2017, quarterly, most recently $1.90 per share with an ex-dividend date of September 30, 2026.
What is Innovative Industrial's dividend yield?
Innovative Industrial's forward annual dividend is $7.60 per share, a dividend yield of 14.51% at the latest close of $52.39.
How often does Innovative Industrial pay dividends?
Innovative Industrial pays dividends quarterly.
How fast is Innovative Industrial's dividend growing?
Innovative Industrial's dividend per share grew from $4.47 in 2020 to $7.60 in 2025, 11.2% a year on average over five years; it has increased for 7 years in a row.
What is Innovative Industrial's dividend payout ratio?
Innovative Industrial pays out 1.6% of its trailing earnings as dividends and 125.6% of its free cash flow (fiscal 2025).