Innovative Industrial Properties As of November 25, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
IIPR $7.20 20.0% 21.0% 24.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Cannabis Facilities REIT 6.1% 5 48.4% Quarter 2017

On March 15, 2022, Innovative Industrial Properties (IIPR) announced a 16.7% dividend hike to $1.75 quarterly per share. This marks the first dividend increase by the cannabis REIT in 2022 and follows a 21% dividend hike in 2021. The next IIPR dividends are payable on April 14, 2022 to stockholders of record at the close of business on March 31, 2022. The next ex-dividend date for IIPR will be March 30, 2022.

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. Innovative Industrial Properties targets medical-use cannabis facilities for acquisition, including sale-leaseback transactions, with tenants that are licensed growers under long-term, triple-net leases. The company's properties are located in in Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New York, Ohio and Pennsylvania. The company completed its initial public offering in December 2016 and paid its first quarterly dividend in 2017.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Dec 05 ROST 1.1% 8.8%
Dec 05 CI 1.2% 0.0%
Dec 06 AVY 1.4% 0.0%
Dec 06 ODFL 0.4% 50.0%
Dec 06 BLK 2.6% 18.2%
Dec 06 AEE 2.7% 7.3%
Dec 06 AME 0.6% 10.0%
Dec 06 SLB 1.4% 40.0%
Dec 07 HAL 1.3% 166.7%
Dec 07 NEM 4.8% 0.0%