Innovative Industrial Properties Inc (IIPR) Dividend Analysis
Comprehensive dividend yield, safety, growth, and income analysis for IIPR.
Innovative Industrial Properties Inc (IIPR) pays a high 13.24% dividend yield, or $7.60 per share annually at a stock price of $52.60. The payout ratio of 2% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 0.5x. Dividend growth is slowing — the 3-year CAGR of 2.1% trails the 5-year rate of 9.7% and the 10-year rate of 30.9%. The most recent ex-dividend date was March 31, 2026.
Dividend Overview
Innovative Industrial Properties Inc (IIPR) pays a high 13.24% dividend yield, or $7.60 per share annually at a stock price of $52.60.
Dividend Safety
The payout ratio of 2% is well within sustainable levels, leaving room for future increases.
DRIP Projection
$10,000 invested in IIPR with dividends reinvested would grow to approximately $65,373 after 10 years, generating roughly $21,792/year in dividend income. This projection assumes the current 13.24% yield and a 9.7% annual dividend growth rate with all dividends reinvested.
| Year | Portfolio Value | Annual Income | Total Return |
|---|---|---|---|
| Year 1 | $11,324 | $1,645 | +13% |
| Year 5 | $21,045 | $4,422 | +110% |
| Year 10 | $65,373 | $21,792 | +554% |
| Year 15 | $355,842 | $188,187 | +3458% |
| Year 20 | $4,213,723 | $3,535,396 | +42037% |
Assumes constant share price and reinvestment at current price. Actual results will vary. Try our DRIP Calculator for a customized projection with real historical data.
Payment Schedule
You must own shares before the ex-dividend date to receive the upcoming payment. Payment typically arrives 2-4 weeks after the ex-date.
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