IIPR - NYSE
Innovative Industrial Properties, Inc.
$57.91
+1.1%Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
At a Glance
Live SnapshotInnovative Industrial Properties, Inc. Dividend History
IIPR Dividend Payment History
Total Payments
36
Latest Dividend
$1.9000
Annual Amount
$9.5000
Frequency
Quarterly
| Declaration | Ex-Date | Payment Date | Dividend | Adjusted | Frequency | Growth |
|---|---|---|---|---|---|---|
Mar 13, 2026 | Mar 31, 2026 | Apr 15, 2026 | $1.9000 | $1.9000 | Quarterly | 0.00% |
Dec 15, 2025 | Dec 31, 2025 | Jan 15, 2026 | $1.9000 | $1.9000 | Quarterly | 0.00% |
Sep 15, 2025 | Sep 30, 2025 | Oct 15, 2025 | $1.9000 | $1.9000 | Quarterly | 0.00% |
Jun 13, 2025 | Jun 30, 2025 | Jul 15, 2025 | $1.9000 | $1.9000 | Quarterly | 0.00% |
Mar 14, 2025 | Mar 31, 2025 | Apr 15, 2025 | $1.9000 | $1.9000 | Quarterly | 0.00% |
Dec 13, 2024 | Dec 31, 2024 | Jan 15, 2025 | $1.9000 | $1.9000 | Quarterly | 0.00% |
Sep 13, 2024 | Sep 30, 2024 | Oct 15, 2024 | $1.9000 | $1.9000 | Quarterly | 0.00% |
Jun 14, 2024 | Jun 28, 2024 | Jul 15, 2024 | $1.9000 | $1.9000 | Quarterly | +4.40% |
Mar 15, 2024 | Mar 28, 2024 | Apr 15, 2024 | $1.8200 | $1.8200 | Quarterly | 0.00% |
Dec 15, 2023 | Dec 29, 2023 | Jan 12, 2024 | $1.8200 | $1.8200 | Quarterly | +1.11% |
Sep 15, 2023 | Sep 29, 2023 | Oct 13, 2023 | $1.8000 | $1.8000 | Quarterly | 0.00% |
Jun 15, 2023 | Jun 30, 2023 | Jul 14, 2023 | $1.8000 | $1.8000 | Quarterly | 0.00% |
Mar 15, 2023 | Mar 31, 2023 | Apr 14, 2023 | $1.8000 | $1.8000 | Quarterly | 0.00% |
Dec 15, 2022 | Dec 30, 2022 | Jan 13, 2023 | $1.8000 | $1.8000 | Quarterly | 0.00% |
Sep 15, 2022 | Sep 30, 2022 | Oct 14, 2022 | $1.8000 | $1.8000 | Quarterly | +2.86% |
Jun 15, 2022 | Jun 30, 2022 | Jul 15, 2022 | $1.7500 | $1.7500 | Quarterly | 0.00% |
Mar 14, 2022 | Mar 31, 2022 | Apr 14, 2022 | $1.7500 | $1.7500 | Quarterly | +16.67% |
Dec 15, 2021 | Dec 31, 2021 | Jan 14, 2022 | $1.5000 | $1.5000 | Quarterly | 0.00% |
Sep 15, 2021 | Sep 30, 2021 | Oct 15, 2021 | $1.5000 | $1.5000 | Quarterly | +7.14% |
Jun 15, 2021 | Jun 30, 2021 | Jul 15, 2021 | $1.4000 | $1.4000 | Quarterly | +6.06% |
Mar 15, 2021 | Mar 31, 2021 | Apr 15, 2021 | $1.3200 | $1.3200 | Quarterly | +6.45% |
Dec 14, 2020 | Dec 31, 2020 | Jan 15, 2021 | $1.2400 | $1.2400 | Quarterly | +5.98% |
Sep 15, 2020 | Sep 30, 2020 | Oct 15, 2020 | $1.1700 | $1.1700 | Quarterly | +10.38% |
Jun 15, 2020 | Jun 30, 2020 | Jul 15, 2020 | $1.0600 | $1.0600 | Quarterly | +6.00% |
Mar 13, 2020 | Mar 31, 2020 | Apr 15, 2020 | $1.0000 | $1.0000 | Quarterly | 0.00% |
Dec 10, 2019 | Dec 31, 2019 | Jan 15, 2020 | $1.0000 | $1.0000 | Quarterly | +28.21% |
Sep 13, 2019 | Sep 30, 2019 | Oct 15, 2019 | $0.7800 | $0.7800 | Quarterly | +30.00% |
Jun 14, 2019 | Jun 28, 2019 | Jul 15, 2019 | $0.6000 | $0.6000 | Quarterly | +33.33% |
Mar 12, 2019 | Mar 29, 2019 | Apr 15, 2019 | $0.4500 | $0.4500 | Quarterly | +28.57% |
Dec 14, 2018 | Dec 31, 2018 | Jan 15, 2019 | $0.3500 | $0.3500 | Quarterly | 0.00% |
Sep 14, 2018 | Sep 28, 2018 | Oct 15, 2018 | $0.3500 | $0.3500 | Quarterly | +40.00% |
Jun 15, 2018 | Jun 29, 2018 | Jul 16, 2018 | $0.2500 | $0.2500 | Quarterly | 0.00% |
Mar 15, 2018 | Mar 29, 2018 | Apr 16, 2018 | $0.2500 | $0.2500 | Quarterly | 0.00% |
Dec 15, 2017 | Dec 29, 2017 | Jan 16, 2018 | $0.2500 | $0.2500 | Quarterly | +66.67% |
Sep 15, 2017 | Sep 29, 2017 | Oct 13, 2017 | $0.1500 | $0.1500 | Quarterly | 0.00% |
May 30, 2017 | Jun 30, 2017 | Jul 14, 2017 | $0.1500 | $0.1500 | Quarterly | - |
Innovative Industrial Properties, Inc. Payout Ratio Analysis
Dividend Sustainability Analysis
Payout Ratio
Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.
FCF Payout Ratio
FCF insufficient to cover dividends. Company relying on borrowing, asset sales, or cash reserves to maintain payout. Unsustainable long-term.
Dividend Growth
Dividend cut is concerning. Investigate whether due to one-time factors or fundamental business deterioration. Reassess dividend sustainability.
Sustainability
Dividend appears unsustainable based on current metrics. High probability of reduction or elimination. Proceed with caution.
Key Insight
Unsustainable dividend: Company paying out more than it generates in earnings or free cash flow. Dividend cut highly probable unless management takes corrective action or earnings recover dramatically.
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