As of today (2024-04-18), the Trailing Annual Dividend Yield of Innovative Industrial Properties is 7.73%.
Warning Sign:
Innovative Industrial Properties Inc stock dividend yield is close to 1-year low.
The historical rank and industry rank for Innovative Industrial Properties's Dividend Yield % or its related term are showing as below:
IIPR'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.82 Med: 2.73 Max: 10.6
Current: 7.73
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%.
IIPR's Dividend Yield % is ranked better than 54.72% of 837
companies
in the REITs industry
Industry Median: 7.13
vs IIPR: 7.73
Innovative Industrial Properties's Dividend Payout Ratio for the
three
months ended in Dec. 2023 was 1.26.
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.
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.
As of today (2024-04-18), the Forward Dividend Yield % of Innovative Industrial Properties is 7.78%.
Innovative Industrial Properties's Dividends per Share for the
three
months ended in Dec. 2023 was $1.82.
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.
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.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Innovative Industrial Properties Dividend Yield % Historical Data
The historical data trend for Innovative Industrial Properties's Dividend Yield % can be seen below:
* 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.
* Premium members only.
Innovative Industrial Properties Annual Data
Trend
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Dividend Yield %
3.73
2.44
2.18
6.98
7.16
Innovative Industrial Properties Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Dividend Yield %
6.98
9.41
9.86
9.52
7.16
Competitive Comparison
For the REIT - Industrial subindustry, Innovative Industrial Properties's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Dividend Yield % Distribution
For the REITs industry and Real Estate sector, Innovative Industrial Properties's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's Dividend Yield % falls into.
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 1.820
2024-03-27
2024-03-28
2024-04-15
Cash Dividend
quarterly
USD:USD 1.000000
USD 1.820
2023-12-28
2023-12-29
2024-01-12
Cash Dividend
quarterly
USD:USD 1.000000
USD 1.800
2023-09-28
2023-09-29
2023-10-13
Cash Dividend
quarterly
USD:USD 1.000000
USD 1.800
2023-06-29
2023-06-30
2023-07-14
Cash Dividend
quarterly
USD:USD 1.000000
* 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 Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
7.24
/
93.62
=
7.73 %
Current Share Price is $93.62.
Innovative Industrial Properties's Dividends per Share for the trailing twelve months (TTM) ended in Today is $7.24.
Innovative Industrial Properties's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
7.28
/
93.62
=
7.78 %
Current Share Price is $93.62.
Innovative Industrial Properties's Dividends per Share for the forward twelve months is calculated as $1.82 * 4 = $7.28.
* 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.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Innovative Industrial Properties Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Innovative Industrial Properties's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Innovative Industrial Properties (Innovative Industrial Properties) Business Description
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.
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