IIPR Dividend History & Yield
Innovative Industrial Properties, Inc. · NYSE
Upcoming dividend payments
| Ex-date | Pay date | Per share | Per 100 shares | Status |
|---|---|---|---|---|
| Wed, Dec 30, 2026 (in 66 days) | Jan 13, 2027 | $1.90 | $190.00 | Estimated |
| Wed, Mar 31, 2027 (in 157 days) | Apr 14, 2027 | $1.90 | $190.00 | Estimated |
| Wed, Jun 30, 2027 (in 248 days) | Jul 14, 2027 | $1.90 | $190.00 | Estimated |
| Wed, Sep 29, 2027 (in 339 days) | Oct 13, 2027 | $1.90 | $190.00 | Estimated |
Estimated dates and amounts are projected from IIPR's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $7.60 per share.
Dividend payment history
Last 38 payments per share. RegularSpecial
Annual dividends per share
How much IIPR do you need for monthly income?
| Target income | Shares needed | Capital at today's price | Per year |
|---|---|---|---|
| $100 / month | 158 | $8,559 | $1,200 |
| $500 / month | 790 | $42,797 | $6,000 |
| $1,000 / month | 1,579 | $85,595 | $12,000 |
Based on the forward yield of 14.02%. $10,000 in IIPR would currently pay about $1,402 a year ($117 a month on average). Model reinvestment and growth →
IIPR dividend history
| Ex-date | Pay date | Amount | Change |
|---|---|---|---|
| Sep 30, 2026 | — | $1.90 | +0.0% |
| Jun 30, 2026 | — | $1.90 | +0.0% |
| Mar 31, 2026 | — | $1.90 | +0.0% |
| Dec 31, 2025 | — | $1.90 | +0.0% |
| Sep 30, 2025 | — | $1.90 | +0.0% |
| Jun 30, 2025 | — | $1.90 | +0.0% |
| Mar 31, 2025 | — | $1.90 | +0.0% |
| Dec 31, 2024 | — | $1.90 | +0.0% |
| Sep 30, 2024 | — | $1.90 | +0.0% |
| Jun 28, 2024 | — | $1.90 | +4.4% |
| Mar 27, 2024 | — | $1.82 | +0.0% |
| Dec 28, 2023 | — | $1.82 | +1.1% |
| Sep 28, 2023 | — | $1.80 | +0.0% |
| Jun 29, 2023 | — | $1.80 | +0.0% |
| Mar 30, 2023 | — | $1.80 | +0.0% |
| Dec 29, 2022 | — | $1.80 | +0.0% |
| Sep 29, 2022 | — | $1.80 | +2.9% |
| Jun 29, 2022 | — | $1.75 | +0.0% |
| Mar 30, 2022 | — | $1.75 | +16.7% |
| Dec 30, 2021 | — | $1.50 | +0.0% |
| Sep 29, 2021 | — | $1.50 | +7.1% |
| Jun 29, 2021 | — | $1.40 | +6.1% |
| Mar 30, 2021 | — | $1.32 | +6.5% |
| Dec 30, 2020 | — | $1.24 | +6.0% |
IIPR dividend increases & cuts
Market-wide changes →No change to IIPR's regular dividend detected in the last year of data.
Detected from the regular payment stream; supplemental and special dividends are excluded. Pro members get an email the morning a holding raises or cuts.
Payout risk check
IIPR scores 25/100 on our yield-trap heuristic (moderate risk).
1 warning flag raised:
- Yield above 12%, far above market norms
This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.
About Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry. As of June 30, 2026, we owned 108 properties comprising an aggregate of approximately 8.4 million rentable square feet in 19 states. Innovative Industrial Properties, Inc. was established on June 15th 2016 and is incorporated in Maryland.
Sector: Real Estate. Industry: REIT - Industrial. First dividend on our records: Jun 28, 2017. 38 payments tracked. Data last refreshed Oct 24, 2026. Spotted a mistake? Report it and we'll fix it.
IIPR dividend FAQ
When is IIPR's next ex-dividend date?
IIPR's next ex-dividend date is Dec 30, 2026 (in 66 days, estimated from its quarterly schedule). You must own the shares before that date to receive the payment of about $1.90 per share, expected on Jan 13, 2027.
How often does IIPR pay dividends?
IIPR pays dividends every quarter, 4 times a year. The most recent payment was $1.90 per share with an ex-date of Sep 30, 2026.
What is IIPR's dividend yield?
IIPR's trailing 12-month dividend yield is 14.02%, based on $7.60 per share paid over the last year and a share price of $54.21. The forward yield, using the indicated annual rate of $7.60 per share, is 14.02%.
How much does IIPR pay per share?
IIPR pays about $1.90 per share each quarter, which works out to roughly $7.60 per share a year. 100 shares would collect about $760.00 a year.
Has IIPR grown or cut its dividend?
Over the last 5 years the regular payout has grown at 6.8% a year (+0.0% over the last year). There has been no cut to a regular payment in the last 5 years.
How many shares of IIPR do I need to earn $100 a month?
At the current forward yield of 14.02%, you would need about 158 shares of IIPR (roughly $8,559 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every quarter, so the monthly figure is an average.
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