Innovative Industrial Properties Dividends and Buybacks
Dividend criteria checks 4/6
Innovative Industrial Properties is a dividend paying company with a current yield of 11.16% that is well covered by earnings.
Key information
11.2%
Dividend yield
-1.1%
Buyback Yield
| Total Shareholder Yield | 10.1% |
| Future Dividend Yield | 11.2% |
| Dividend Growth | 18.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$7.600 |
| Payout ratio | 91% |
Recent dividend and buyback updates
Recent updates
Innovative Industrial Properties: Falling Knife Worth Catching - Market Overreaction Triggers Richer Yields
Jan 04How Fear Is Boosting Innovative Industrial Properties' Upside
Dec 27Innovative Industrial Properties: Schedule III Reclassification A Smokescreen?
Dec 21Innovative Industrial Properties: Is U.S. Cannabis Now Uninvestable?
Nov 25Innovative Industrial Properties Falls After Florida Vote And Earnings Miss, But It Now Yields Over 7%
Nov 10Innovative Industrial Properties' Quiet Rise As Dividend Leader
Oct 16Innovative Industrial Properties: Great Opportunities Ahead For This Industry Leader
Sep 30Innovative 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 19Stability 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 8 years.
Dividend Yield vs Market
| Innovative Industrial Properties Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (IIPR) | 11.2% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Industrial REITs) | 3.7% |
| Analyst forecast (IIPR) (up to 3 years) | 11.2% |
Notable Dividend: IIPR's dividend (11.16%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: IIPR's dividend (11.16%) is in the top 25% of dividend payers in the US market (4.48%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (90.9%), IIPR's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (80.7%), IIPR's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/20 13:54 |
| End of Day Share Price | 2025/01/17 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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 11 analysts. 7 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 |
| William Catherwood | BTIG |
| Michael Gorman | BTIG |