Innovative Industrial Properties Dividend
Dividend criteria checks 4/6
Innovative Industrial Properties is a dividend paying company with a current yield of 5.56% that is well covered by earnings. Next payment date is on 15th October, 2024 with an ex-dividend date of 30th September, 2024.
Key information
5.6%
Dividend yield
89%
Payout ratio
| Industry average yield | 3.2% |
| Next dividend pay date | 15 Oct 24 |
| Ex dividend date | 30 Sep 24 |
| Dividend per share | US$7.600 |
| Earnings per share | US$5.70 |
| Dividend yield forecast | 5.8% |
Recent dividend updates
Recent updates
Innovative Industrial Properties: Preferred Shares Offering Attractive 8.5% Dividend Yield
Sep 16Innovative Industrial: Why It Is Time To Move To The Sidelines (Rating Downgrade)
Aug 23Innovative Industrial: Staying Neutral As Positives Roughly Balance Risks
Jul 16Innovative Industrial Properties: The Cannabis Rescheduling Catalyst For This 6.7% Yield
Jun 14Innovative Industrial Properties: Fair Price, No Signs Of Recreating Its Past
May 14Innovative Industrial Properties: Attractive Ahead Of Bullish Catalysts
Apr 09Innovative Industrial Properties: 7.2% Dividend With Visible Near-Term Catalyst
Apr 02Innovative Industrial Properties: Will It Have You Rolling In The Green?
Mar 09Innovative Industrial Properties' Q4 Earnings: We Maintain Strong Buy
Feb 27Innovative Industrial Properties: Probably Best Not To Chase
Jan 18Innovative Industrial Properties: A Timely Update For This 7.4% Yield
Dec 18Innovative Industrial Properties: Buying The Bullish Reversal Pattern Amid Strong Financials
Nov 17Innovative Industrial Properties: 9% Yield And Fed Pivot Form Conditions For Cannabis Rally
Nov 06Innovative Industrial Properties Is The Best Value Opportunity
Oct 11Innovative Industrial Properties: A Speculative Buy
Sep 26Innovative Industrial Properties: Is It A Falling Knife Here?
Sep 03Innovative Industrial: Top Cannabis Pick With 9% Dividend Yield
Aug 25Innovative Industrial REIT Prevails Over Bears As Cannabis No Longer A Clear Sell
Aug 07Innovative Industrial: The 10% Yield Gives Plenty Of Comfort
Jul 09Innovative Industrial: 10% Dividend Yield, Deep Value From Cannabis Landlord
Jun 21Innovative Industrial Properties: Cannabis Is Sinking, Should You Avoid The 10% Yield?
Jun 07Innovative Industrial Properties: Our Favorite REIT Trading At A Discount
Feb 23Innovative Industrial Properties updates on properties as of Dec. 31, 2022
Jan 19Innovative Industrial Properties (NYSE:IIPR) Ticks All The Boxes When It Comes To Earnings Growth
Jan 10
Top REIT Pick: Innovative Industrial Properties Yields 7% With Fast Growth
Dec 21Innovative Industrial Properties declares $1.80 dividend
Dec 15Innovative Industrial Properties: Bears Hunted
Nov 09Innovative Industrial Properties Q3 2022 Earnings Preview
Nov 01Innovative Industrial Is A Buy When The Forest Is On Fire
Oct 22Innovative Industrial Properties (NYSE:IIPR) Ticks All The Boxes When It Comes To Earnings Growth
Sep 29Innovative Industrial Properties raises dividend by 2.9% to $1.80
Sep 15Innovative Industrial Properties: High-Growth Cannabis REIT With 7.6% Yield
Aug 31Innovative Industrial: Separating The 'Weed' From The Chaff
Aug 19Innovative Industrial Properties FFO of $1.97 misses by $0.01, revenue of $70.51M beats by $1.44M
Aug 03Innovative Industrial Properties: One Of The Few REITs We're Interested In
Jul 27Cannabis REITs Are The Perfect Setup While We Wait For Federal Legalization (Podcast Transcript)
Jul 20Cannabis REITs Are The Perfect Setup While We Wait For Federal Legalization
Jul 06Innovative Industrial Properties amends lease with Green Thumb Industries for Pennsylvania property
Jun 30Innovative Industrial Properties: Far Too Cheap By Any Valuation Metric
Jun 19Innovative Industrial Properties: Smoking Hot Total Return Prospects Ahead
Jun 07Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, IIPR has been paying a dividend for less than 10 years.
Growing Dividend: IIPR's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| Innovative Industrial Properties Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (IIPR) | 5.6% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Industrial REITs) | 3.2% |
| Analyst forecast (IIPR) (up to 3 years) | 5.8% |
Notable Dividend: IIPR's dividend (5.56%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: IIPR's dividend (5.56%) is in the top 25% of dividend payers in the US market (4.32%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (89.2%), IIPR's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (81.3%), IIPR's dividend payments are covered by cash flows.