Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
Innovative Industrial Properties Dividend Announcement
• Innovative Industrial Properties announced a quarterly dividend of $1.90 per ordinary share which will be made payable on 2024-10-15. Ex dividend date: 2024-09-30
• Innovative Industrial Properties annual dividend for 2024 was $5.62
• Innovative Industrial Properties annual dividend for 2023 was $7.22
• Innovative Industrial Properties's trailing twelve-month (TTM) dividend yield is 6.93%
• Innovative Industrial Properties's payout ratio for the trailing twelve months (TTM) is 128.50%
• Innovative Industrial Properties's dividend growth over the last five years (2018-2023) was 43.18% year
Innovative Industrial Properties Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-30 | $1.90 | quarterly | 2024-10-15 |
2024-06-28 | $1.90 | quarterly | 2024-07-15 |
2024-03-27 | $1.82 | quarterly | 2024-04-15 |
2023-12-28 | $1.82 | quarterly | 2024-01-12 |
2023-09-28 | $1.80 | quarterly | 2023-10-13 |
2023-06-29 | $1.80 | quarterly | 2023-07-14 |
2023-03-30 | $1.80 | quarterly | 2023-04-14 |
2022-12-29 | $1.80 | quarterly | 2023-01-13 |
2022-09-29 | $1.80 | quarterly | 2022-10-14 |
2022-06-29 | $1.75 | quarterly | 2022-07-15 |
2022-03-30 | $1.75 | quarterly | 2022-04-14 |
2021-12-30 | $1.50 | quarterly | 2022-01-14 |
2021-09-29 | $1.50 | quarterly | 2021-10-15 |
2021-06-29 | $1.40 | quarterly | 2021-07-15 |
2021-03-30 | $1.32 | quarterly | 2021-04-15 |
2020-12-30 | $1.24 | quarterly | 2021-01-15 |
2020-09-29 | $1.17 | quarterly | 2020-10-15 |
2020-06-29 | $1.06 | quarterly | 2020-07-15 |
2020-03-30 | $1.00 | quarterly | 2020-04-15 |
2019-12-30 | $1.00 | quarterly | 2020-01-15 |
2019-09-27 | $0.78 | quarterly | 2019-10-15 |
2019-06-27 | $0.60 | quarterly | 2019-07-15 |
2019-03-28 | $0.45 | quarterly | 2019-04-15 |
2018-12-28 | $0.35 | quarterly | 2019-01-15 |
2018-09-27 | $0.35 | quarterly | 2018-10-15 |
2018-06-28 | $0.25 | quarterly | 2018-07-16 |
2018-03-28 | $0.25 | quarterly | 2018-04-16 |
2017-12-28 | $0.25 | quarterly | 2018-01-16 |
2017-09-28 | $0.15 | quarterly | 2017-10-13 |
2017-06-28 | $0.15 | quarterly | 2017-07-14 |
Innovative Industrial Properties Dividend per year
Innovative Industrial Properties Dividend growth
Innovative Industrial Properties Dividend Yield
Innovative Industrial Properties current trailing twelve-month (TTM) dividend yield is 6.93%. Interested in purchasing Innovative Industrial Properties stock? Use our calculator to estimate your expected dividend yield:
Innovative Industrial Properties Financial Ratios
Innovative Industrial Properties Dividend FAQ
Other factors to consider when evaluating Innovative Industrial Properties as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: Innovative Industrial Properties's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Innovative Industrial Properties publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Innovative Industrial Properties distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Innovative Industrial Properties are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Innovative Industrial Properties sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Innovative Industrial Properties distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Innovative Industrial Properties declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Innovative Industrial Properties's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Innovative Industrial Properties's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.