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IIPR ex-dividend date, dividend & yield

Innovative Industrial Propertie

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Next ex-dividend date
Dec 30, 2026
Own the shares by the close of Dec 29, 2026 to receive this dividend. Estimated payment: about Jan 13, 2027.
High payout, falling price. IIPR yields 14.84%, but its share price changed by -10.5% over the past year, for a total return of +2.9% including dividends. When the price keeps falling, the payouts may be coming out of the investment itself, so the yield can overstate what you keep. What is a yield trap?
Share price
$51.19
As of Oct 12
Dividend per payment
$1.90
Pays quarterly
Annual dividend
$7.5982
Estimated, next 12 months
Dividend yield
14.84%
Annual dividend ÷ price
1-year total return
+2.9%
Price -10.5% plus dividends

IIPR dividend history

Ex-dividend datePayment dateDividend
Sep 30, 2026≈ Oct 14, 2026$1.90
Jun 30, 2026≈ Jul 14, 2026$1.90
Mar 31, 2026≈ Apr 14, 2026$1.90
Dec 31, 2025≈ Jan 14, 2026$1.90
Sep 30, 2025≈ Oct 14, 2025$1.90
Jun 30, 2025≈ Jul 14, 2025$1.90
Mar 31, 2025≈ Apr 14, 2025$1.90
Dec 31, 2024≈ Jan 14, 2025$1.90
Sep 30, 2024≈ Oct 14, 2024$1.90
Jun 28, 2024≈ Jul 12, 2024$1.90
Mar 27, 2024≈ Apr 10, 2024$1.82

Payment dates marked ≈ are estimated from IIPR's usual timing; the others were announced by the company.

Frequently asked questions

When is IIPR's next ex-dividend date?

IIPR's next ex-dividend date is Dec 30, 2026. To receive that dividend you need to own the shares by the close of Dec 29, 2026, the last business day before the ex-dividend date.

How much is IIPR's dividend?

IIPR most recently paid about $1.90 per share, and pays quarterly, which is roughly $7.5982 per share a year. Amounts can change from payment to payment.

What is IIPR's dividend yield?

IIPR's dividend yield is about 14.84%, based on its annual dividend and a share price of $51.19 as of Oct 12, 2026. Yield changes as the price moves.

When does IIPR pay its dividend?

IIPR pays quarterly. The payment date for the Dec 30, 2026 ex-dividend date hasn't been announced yet; based on IIPR's usual timing we estimate about Jan 13, 2027.

Has IIPR grown its dividend?

Over its latest 4 payments, IIPR paid $7.60 per share, which was about the same as the 4 payments before that ($7.60). Past payments do not guarantee future ones.

How much income would $10,000 of IIPR pay?

At the current yield of 14.84%, $10,000 invested in IIPR would pay roughly $1,484 a year in dividends, or about $124 a month on average. Yield and dividends change, so this is an illustration only. Try the dividend income calculator for your own numbers.

Has IIPR made money for investors over the past year?

Yes. Over the past year IIPR's share price changed by -10.5%, and including the dividends paid its total return was about +2.9%. Past returns do not predict future returns.

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Data as of Oct 12, 2026. Figures are estimates, can be delayed or wrong, and are not investment advice. Learn more: what is an ex-dividend date?