Innovative Industrial Properties increases dividend by another 30.0 percent in Q3 of 2019 Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
Innovative Industrial Properties	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
Innovative Industrial Properties	IIPR	N/A	N/A	N/A	N/A
N/A	N/A	N/A	N/A	N/A	N/A

Innovative Industrial Properties hikes dividend by 30%

Friday 13 September 2019

IIPR has hiked its dividend 5 times sinc its initial public offering in December 2016.

Innovative Industrial Properties (IIPR) will raise its quarterly dividend by another 30 percent to $0.78 per share in 2019.

The cannabis facilities REIT initiated its dividend in 2017 and has hiked its dividend by a total of 122.9 percent YTD.

The next dividend is payable on October 15, 2019 to stockholders of record at the close of business on September 30, 2019. A new annual rate of $3.12 per share yields 3.4% at a stock price of $91.33.

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. The company completed its initial public offering in December 2016.

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