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Innovative Industrial Properties (FRA:1IK) 3-Year Dividend Growth Rate

: 17.30% (As of Dec. 2023)
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Innovative Industrial Properties's Dividends per Share for the three months ended in Dec. 2023 was €1.67.

The historical rank and industry rank for Innovative Industrial Properties's 3-Year Dividend Growth Rate or its related term are showing as below:

FRA:1IK' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 17.3   Med: 52.1   Max: 101.1
Current: 17.3

During the past 8 years, the highest 3-Year average Dividends Per Share Growth Rate of Innovative Industrial Properties was 101.10% per year. The lowest was 17.30% per year. And the median was 52.10% per year.

FRA:1IK's 3-Year Dividend Growth Rate is ranked better than
84.06% of 508 companies
in the REITs industry
Industry Median: 2.1 vs FRA:1IK: 17.30

During the past 12 months, Innovative Industrial Properties's average Dividends Per Share Growth Rate was 1.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 17.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 40.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Innovative Industrial Properties's Dividend Payout Ratio for the three months ended in Dec. 2023 was 1.26. As of today, Innovative Industrial Properties's Dividend Yield % is 7.58%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Innovative Industrial Properties Inc is 1.25, which seems too high.

Warning Sign:

Innovative Industrial Properties Inc stock dividend yield is close to 1-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the REIT - Industrial subindustry, Innovative Industrial Properties's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Innovative Industrial Properties 3-Year Dividend Growth Rate Distribution

For the REITs industry and Real Estate sector, Innovative Industrial Properties's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Innovative Industrial Properties's 3-Year Dividend Growth Rate falls into.



Innovative Industrial Properties 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Innovative Industrial Properties  (FRA:1IK) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Innovative Industrial Properties's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=1.669/ 1.33
=1.25

During the past 8 years, the highest Dividend Payout Ratio of Innovative Industrial Properties was 1.60. The lowest was 1.25. And the median was 1.34.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Innovative Industrial Properties Inc is 1.25, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Innovative Industrial Properties Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.8202024-03-272024-03-282024-04-15Cash DividendquarterlyUSD:EUR 0.920000
USD 1.8202023-12-282023-12-292024-01-12Cash DividendquarterlyUSD:EUR 0.917000
USD 1.8002023-09-282023-09-292023-10-13Cash DividendquarterlyUSD:EUR 0.937000
USD 1.8002023-06-292023-06-302023-07-14Cash DividendquarterlyUSD:EUR 0.923000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Innovative Industrial Properties's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=6.69134/88.14
=7.59 %

Current Share Price is €88.14.
Innovative Industrial Properties's Dividends per Share for the trailing twelve months (TTM) ended in Today is €6.69134.

During the past 8 years, the highest Dividend Yield of Innovative Industrial Properties was 10.60%. The lowest was 0.82%. And the median was 2.73%.

Warning Sign:

Innovative Industrial Properties Inc stock dividend yield is close to 1-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Innovative Industrial Properties 3-Year Dividend Growth Rate Related Terms>


Innovative Industrial Properties (FRA:1IK) Business Description

Traded in Other Exchanges
Address
1389 Center Drive, Suite 220, Park City, UT, USA, 84098
Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.

Innovative Industrial Properties (FRA:1IK) Headlines

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