Innovative Industrial Properties Dividends and Buybacks
Dividend criteria checks 4/6
Innovative Industrial Properties is a dividend paying company with a current yield of 10.32% that is well covered by earnings. Next payment date is on 15th January, 2025 with an ex-dividend date of 31st December, 2024.
Key information
10.3%
Dividend yield
-1.0%
Buyback Yield
| Total Shareholder Yield | 9.3% |
| Future Dividend Yield | 10.3% |
| Dividend Growth | 17.5% |
| Next dividend pay date | 15 Jan 25 |
| Ex dividend date | 31 Dec 24 |
| Dividend per share | US$7.600 |
| Payout ratio | 91% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, IIPR.PRA has been paying a dividend for less than 10 years.
Growing Dividend: IIPR.PRA's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Innovative Industrial Properties Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (IIPR.PRA) | 10.3% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Industrial REITs) | 3.9% |
| Analyst forecast (IIPR.PRA) (up to 3 years) | 10.3% |
Notable Dividend: IIPR.PRA's dividend (10.32%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: IIPR.PRA's dividend (10.32%) is in the top 25% of dividend payers in the US market (4.51%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (90.9%), IIPR.PRA's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (80.7%), IIPR.PRA's dividend payments are covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 12:16 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Innovative Industrial Properties, Inc. is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Aaron Grey | Alliance Global Partners |
| Michael Gorman | BTIG |
| Merrill Ross | Compass Point Research & Trading, LLC |