Innovative Industrial Properties As of September 23, 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 7.8% N/A N/A Quarter N/A
IIPR logo | image credit: company website
IIPR logo | image credit: company website

On September 15, 2022, Innovative Industrial Properties (IIPR) announced a 2.9% dividend hike to $1.80 quarterly per share. This marks the second dividend increase by the cannabis REIT in 2022 for a total dividend hike of 20%. In both 2021 and 2020 IIPR announced three dividend hikes. Earlier this year the dividend was already raised by 16.7%.

The next IIPR dividends are payable on October 14, 2022 to stockholders of record at the close of business on September 30, 2022. A new annual dividend rate of $7.20 per share yields 8.0% to IIPR shareholders at a stock price of $90. The next ex-dividend date for IIPR is September 29, 2022.

Innovative Industrial Properties (IIPR) Dividend history & statistics
Company name Innovative Industrial Properties Inc
Ticker symbol IIPR
ISIN-code US45781V1017
company website https://innovativeindustrialproperties.com/
Sector Real Estate
Business Cannabis Facilities REIT
Dividend paid since 2017
Track record (years increased) 5
Payment Frequency Quarterly dividend
Dividend growth: 5 year average 48.4%
Next dividend per share $1.80
Annual dividend per share $7.20
Dividend yield* 8.0%
Stock price* $90.13
YTD Total Return* -64.9%
Next ex-dividend date September 29, 2022
Next payment date October 14, 2022
Market cap (in $B)* 2.52
Total dividend (in $B) 0.20
© www.dividendhike.com *As of September 15, 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
Sep 30 PKG 4.4% 0.0%
Sep 30 O 4.8% 0.6%
Sep 30 STT 4.0% 10.5%
Sep 30 RJF 1.3% 0.0%
Sep 30 CAH 3.0% 1.0%
Sep 30 VTR 4.1% 0.0%
Sep 30 APD 2.8% 8.0%
Sep 30 RSG 1.3% 0.0%
Oct 03 A 0.7% 0.0%
Oct 03 DG 0.9% 31.0%