Trailing Dividend / Share
$0.03
Innovative Industrial Properties, Inc. (IIPR) Dividend History
Income profile from 2017 to 2025 with payout safety and yield-on-cost trend
Dividend Yield
0.1%
Payout Ratio
N/A
Unknown
Dividend Streak
8 years
3-Second Income Check
Safety
Payout ratio data not available yet.
Consistency
8 straight years of dividend increases.
Income Trend
Yield on cost is 4.3% and trend is rising.
Dividend Scorecard
Yield & Income
Dividend Yield0.1%
Trailing DPS$0.03
FrequencyQuarterly
Payments / 12M4
Payout Safety
Earnings PayoutN/A
Earnings SafetyUnknown
FCF Payout0.4%
FCF SafetyWell Covered
Piotroski F-Score4/9
Growth
Growth Streak8 years
3Y CAGR2.3%
5Y CAGR11.2%
Yield on Cost (5Y)4.3%
YOC Trendrising
Total Returns
Buyback Yield1.4%
Total Shareholder Yield1.4%
1Y Total Return-15.8%
5Y Total Return-55.1%
Div Contribution (5Y)17.9%
Estimated $10K growth (return + dividends):
5Y ago$4,49410Y ago$50,74120Y ago$50,741
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
Income Growth Story
Dividend per share and yield on cost over time (9 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Innovative Industrial Properties, Inc. has limited earnings payout data (Unknown). When measured against free cash flow—a stricter test—the payout ratio stands at 0.4%, rated "Well Covered".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
IIPR has raised its dividend for 8 consecutive years, with a 3-year CAGR of 2.3% and 5-year CAGR of 11.2%.
Total Shareholder Returns
Beyond cash dividends, IIPR returns capital through share repurchases. The combined picture: 0.1% dividend yield, 1.4% buyback yield, 1.4% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 4.3% and is currently rising. The 5-year total return is -55.1%, with dividends contributing 17.9% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $50,741 today.
Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$35.16
Avg/Payment$1.7580
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Dec 31, 2025Latest | $1.9000 | — | 16.05% | Jan 15, 2026 |
| Sep 30, 2025 | $1.9000 | — | 14.18% | Oct 15, 2025 |
| Jun 30, 2025 | $1.9000 | — | 13.76% | Jul 15, 2025 |
| Mar 31, 2025 | $1.9000 | — | 14.05% | Apr 15, 2025 |
| Dec 31, 2024 | $1.9000 | — | 11.28% | Jan 15, 2025 |
| Sep 30, 2024 | $1.9000 | — | 5.53% | Oct 15, 2024 |
| Jun 28, 2024 | $1.9000 | ↑ +4.4% | 6.72% | Jul 15, 2024 |
| Mar 27, 2024 | $1.8200 | — | 6.94% | Apr 15, 2024 |
Dividend Peer Comparison
Peer group: Cold Storage and Specialty Industrial REITs
#2 yield in peer group
Div Yield
0.1%
#2 of 2
Safety
Unknown
— payout
Streak
8Y
11.2% 5Y CAGR
Total Shareholder
1.4%
#2 of 2
Annual Dividend History
10 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2025 | $7.60 | 1.1% | 4 | $3.93 | 193.4% | 0.52x | 4.3% |
| 2024 | $7.52 | 4.2% | 4 | $5.52 | 136.2% | 0.73x | 4.2% |
| 2023 | $7.22 | 1.7% | 4 | $5.77 | 125.1% | 0.80x | 4.1% |
| 2022 | $7.10 | 24.1% | 4 | $5.52 | 128.6% | 0.78x | 4.0% |
| 2021 | $5.72 | 28.0% | 4 | $4.55 | 125.7% | 0.80x | 3.2% |
| 2020 | $4.47 | 58.0% | 4 | $3.27 | 136.7% | 0.73x | 2.5% |
| 2019 | $2.83 | 135.8% | 4 | $1.61 | 175.8% | 0.57x | 1.6% |
| 2018 | $1.20 | 118.2% | 4 | $0.96 | 125.0% | 0.80x | 0.7% |
| 2017 | $0.55 | — | 3 | $-0.02 | — | — | 0.3% |
| 2016 | $0.00 | — | 0 | $-4.56 | — | — | — |
See IIPR's True Return
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Start ComparisonFrequently Asked Questions
How much dividend does IIPR pay per share?
Innovative Industrial Properties, Inc. (IIPR) pays a trailing 12-month dividend of $0.03 per share, with a current dividend yield of +0.1%. Payments are made Quarterly.
When is IIPR's next ex-dividend date?
IIPR's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. IIPR typically pays dividends Quarterly.
Is IIPR's dividend safe?
IIPR's dividend safety is rated "Unknown" based on an earnings payout ratio of N/A and FCF payout ratio of +0.4%. The 8-year growth streak provides moderate confidence.
Is IIPR a Dividend Payer?
Yes, Innovative Industrial Properties, Inc. is classified as a Dividend Payer with 8 consecutive years of dividend increases. The 5-year dividend CAGR is +11.2%, demonstrating above-inflation dividend growth.
How often does IIPR pay dividends?
Innovative Industrial Properties, Inc. pays dividends Quarterly. The trailing 12-month total is $0.03 per share. Dividend data on this page covers 8+ years from 2017 to 2025.
How much would $10,000 invested in IIPR grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in IIPR five years ago would be worth approximately $4,494 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is IIPR's yield on cost for long-term holders?
IIPR's yield on cost — the current dividend divided by the original purchase price — is +4.3% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +0.1% market yield, thanks to consistent dividend growth.