IIPR is Innovative Industrial Properties, Inc. Common stock (Real Estate). Trading at $52.39. Current dividend yield: 14.78%.
Dividend snapshot
| Annual dividend rate | $7.60 |
| Current yield | 14.78% |
| Payment frequency | Quarterly |
| Next ex-dividend date | Dec 30, 2026(in 73 days) |
| Next payment (estimated) | Jan 14, 2027 · $1.9000 |
| Most recent payment date | Oct 15, 2026 |
| Last payment amount | $1.9000 |
| 5-year dividend CAGR | 11.20% |
| 3-year dividend CAGR | 2.29% |
| Payout ratio | 172% |
| Market cap | $1.44B |
| Exchange | NYQ |
Recent dividend payments
| Date | Amount / share |
|---|---|
| 2026-09-30 | $1.9000 |
| 2026-06-30 | $1.9000 |
| 2026-03-31 | $1.9000 |
| 2025-12-31 | $1.9000 |
| 2025-09-30 | $1.9000 |
| 2025-06-30 | $1.9000 |
| 2025-03-31 | $1.9000 |
| 2024-12-31 | $1.9000 |
Price chart & technicals
Price Chart
-2.46%Technicals
About IIPR
Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities. The company conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by its Operating Partnership, directly or through subsidiaries. Its segments are: Cannabis Portfolio and Life Science Portfolio, with the majority of revenue coming from the Cannabis Portfolio segment, which involves acquiring, developing, and leasing real estate to regulated cannabis operators on long-term triple-net leases.
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Frequently asked
What is IIPR's dividend yield?
IIPR (Innovative Industrial Properties, Inc. Common stock) currently has a dividend yield of 14.78%, which works out to about $7.60 in annual dividend payments per share.
When is IIPR's next ex-dividend date?
IIPR's next ex-dividend date is Dec 30, 2026 (in 73 days). To receive the upcoming dividend, you must own shares before this date.
When did IIPR last pay a dividend?
IIPR's most recent dividend payment date was Oct 15, 2026.
How often does IIPR pay dividends?
IIPR pays dividends on a quarterly schedule.
How fast is IIPR growing its dividend?
IIPR has been growing its dividend at a 2.29% 3-year compound annual growth rate (CAGR). CAGR smooths year-to-year noise into a single average growth rate.
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Data refreshed 2026-10-18. Not investment advice. Yields and prices change continuously; always verify the latest numbers in the live app before buying.