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IIPR dividend safety score
Innovative Industrial Properties, Inc. · Real Estate
IIPR scores 80/100 for dividend safety, which means a strong dividend record with low cut risk.
Updated November 7, 2026.
Innovative Industrial Properties, Inc. (IIPR) has a very high dividend yield of 13.86%, below the 46.03% average of the 180 stocks and funds we score. Its dividend safety score of 80 is above the average of 50, and we rate it Safe. It has grown its dividend for 6 years in a row and has not cut it in the last five years.
- Safety rank: #27 of 180 stocks and funds we score
- Pays in: Mar, Jun, Sep, Dec
- Next ex-dividend date: ~Dec 31, 2026 (estimated)
What drives the IIPR score
IIPR dividend per share by year
| Year | Dividend / share | Change |
|---|---|---|
| 2025 | $7.60 | +1.1% |
| 2024 | $7.52 | +4.2% |
| 2023 | $7.22 | +1.7% |
| 2022 | $7.10 | +24.1% |
| 2021 | $5.72 | +28.0% |
| 2020 | $4.47 | +87.8% |
| 2019 | $2.38 | – |
Complete calendar years only. Red bars mark a year the dividend fell by more than 2%.
How IIPR compares
| IIPR | Real Estate avg | All covered avg | |
|---|---|---|---|
| Safety score | 80 | 37 | 50 |
| Dividend yield | 13.86% | 13.58% | 46.03% |
Averages are across 27 Real Estate stocks and 180 stocks and funds with a safety score on Safe Dividend Tracker.
Expected upcoming IIPR dividend dates
| Estimated ex-dividend date | Estimated amount per share |
|---|---|
| ~Dec 31, 2026 | $1.9000 |
| ~Apr 2, 2027 | $1.9000 |
| ~Jul 3, 2027 | $1.9000 |
| ~Oct 3, 2027 | $1.9000 |
Estimates based on IIPR's usual payment pattern and last payment. The company sets the real dates and amounts. Confirm with your broker.
How much would IIPR pay you?
| Invested | Per year | Per month |
|---|---|---|
| $1,000 | $139 | $12 |
| $10,000 | $1,386 | $116 |
| $50,000 | $6,931 | $578 |
| $100,000 | $13,861 | $1,155 |
To earn $1,000 a month from IIPR at today's yield you would need about $86,574 invested, roughly 1,579 shares.
Based on the current yield of 13.86%. Yields and prices change, and dividends are not guaranteed.
Recent IIPR dividend payments
| Ex-dividend date | Amount per share |
|---|---|
| Sep 30, 2026 | $1.9000 |
| Jun 30, 2026 | $1.9000 |
| Mar 31, 2026 | $1.9000 |
| Dec 31, 2025 | $1.9000 |
| Sep 30, 2025 | $1.9000 |
| Jun 30, 2025 | $1.9000 |
| Mar 31, 2025 | $1.9000 |
| Dec 31, 2024 | $1.9000 |
| Sep 30, 2024 | $1.9000 |
| Jun 28, 2024 | $1.9000 |
| Mar 27, 2024 | $1.8200 |
| Dec 28, 2023 | $1.8200 |
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Start tracking freeHow we score dividend safety
We score each stock from 0 to 100 using its real dividend history: how many years it has paid, how consistent the payments are, and how the dividend has grown over 1, 3 and 5 years. Scores of 70 and up are rated Safe, 48 to 69 Moderate, 28 to 47 Watch, and below 28 Risky. Read more in our glossary.
IIPR dividend FAQ
Is the IIPR dividend safe?
Innovative Industrial Properties, Inc. has a dividend safety score of 80 out of 100, which we rate Safe. That means a strong dividend record with low cut risk. The score looks at how long the dividend has been paid, how steady it has been, and how it has grown. It is not a guarantee.
What is the IIPR dividend yield?
The current dividend yield for IIPR is about 13.86%, based on the latest price and the dividend per share we track.
How often does IIPR pay dividends?
Innovative Industrial Properties, Inc. pays dividends quarterly.
How much would $10,000 in IIPR earn in dividends?
At a yield of 13.86%, $10,000 invested in IIPR would pay about $1,386 a year, or roughly $116 a month. Yields change over time, so this is only an estimate.
When is the next IIPR ex-dividend date?
The next ex-dividend date for IIPR is expected around December 31, 2026 (an estimate based on its payment pattern). Confirm with your broker or the fund company before you trade.