Home › Calculator › IIPR Dividend Calculator 2026
IIPR DRIP Calculator & Dividend Yield 2026
14.02% YieldReal EstateInnovative Industrial Properties, Inc. · NYSE
Price: $54.21 · Annual div: $7.60/share · Frequency: quarterly · Payout ratio: 193% · Ex-div: 2026-09-30
Calculator settings
Portfolio growth: DRIP vs No DRIP
Annual dividend income growth
💡 What-if scenarios
Click to apply scenario to the calculator
🎯 When IIPR pays your bills
Year your monthly dividend income covers each expense (based on current settings)
IIPR Dividend History — Last 38 Payments
| Ex-Dividend Date | Payment Date | Amount / Share | TTM Yield | Stock Price |
|---|---|---|---|---|
| 2026-09-30Latest | 2026-10-15 | $1.9000 | 13.53% | $56.17 |
| 2026-06-30 | 2026-07-15 | $1.9000 | 13.26% | $57.32 |
| 2026-03-31 | 2026-04-15 | $1.9000 | 14.16% | $53.68 |
| 2025-12-31 | 2026-01-15 | $1.9000 | 15.23% | $49.89 |
| 2025-09-30 | 2025-10-15 | $1.9000 | 13.93% | $54.55 |
| 2025-06-30 | 2025-07-15 | $1.9000 | 14.01% | $54.25 |
| 2025-03-31 | 2025-04-15 | $1.9000 | 10.87% | $69.94 |
| 2024-12-31 | 2025-01-15 | $1.9000 | 6.81% | $110.40 |
| 2024-09-30 | 2024-10-15 | $1.9000 | 6.07% | $122.52 |
| 2024-06-28 | 2024-07-15 | $1.9000 | 6.79% | $108.11 |
| 2024-03-27 | 2024-04-15 | $1.8200 | 9.20% | $98.21 |
| 2023-12-28 | 2024-01-12 | $1.8200 | 10.75% | $83.93 |
| 2023-09-28 | 2023-10-13 | $1.8000 | 10.26% | $87.72 |
| 2023-06-29 | 2023-07-14 | $1.8000 | 10.99% | $65.51 |
| 2023-03-30 | 2023-04-14 | $1.8000 | 8.47% | $84.45 |
| 2022-12-29 | 2023-01-13 | $1.8000 | 7.17% | $119.99 |
| 2022-09-29 | 2022-10-14 | $1.8000 | 7.66% | $88.72 |
| 2022-06-29 | 2022-07-15 | $1.7500 | 4.89% | $132.82 |
| 2022-03-30 | 2022-04-14 | $1.7500 | 3.32% | $185.00 |
| 2021-12-30 | 2022-01-14 | $1.5000 | 2.29% | $250.28 |
| 2021-09-29 | 2021-10-15 | $1.5000 | 2.21% | $247.58 |
| 2021-06-29 | 2021-07-15 | $1.4000 | 2.79% | $183.94 |
| 2021-03-30 | 2021-04-15 | $1.3200 | 2.44% | $196.10 |
| 2020-12-30 | 2021-01-15 | $1.2400 | — | — |
| 2020-09-29 | 2020-10-15 | $1.1700 | — | — |
| 2020-06-29 | 2020-07-15 | $1.0600 | — | — |
| 2020-03-30 | 2020-04-15 | $1.0000 | — | — |
| 2019-12-30 | 2020-01-15 | $1.0000 | — | — |
| 2019-09-27 | 2019-10-15 | $0.7800 | — | — |
| 2019-06-27 | 2019-07-15 | $0.6000 | — | — |
| 2019-03-28 | 2019-04-15 | $0.4500 | — | — |
| 2018-12-28 | 2019-01-15 | $0.3500 | — | — |
| 2018-09-27 | 2018-10-15 | $0.3500 | — | — |
| 2018-06-28 | 2018-07-16 | $0.2500 | — | — |
| 2018-03-28 | 2018-04-16 | $0.2500 | — | — |
| 2017-12-28 | 2018-01-16 | $0.2500 | — | — |
| 2017-09-28 | 2017-10-13 | $0.1500 | — | — |
| 2017-06-28 | 2017-07-14 | $0.1500 | — | — |
About Innovative Industrial Properties, Inc. (IIPR) — Dividend Analysis 2026
Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets. These properties are subsequently leased to experienced, state-licensed operators who utilize them for their regulated medical cannabis facilities. For tax purposes, the company adopted the structure of a Real Estate Investment Trust (REIT) starting from the end of 2017.
Similar dividend stocks to IIPR
Forward dividend yield from the latest data · open any DRIP calculator
This calculation uses the DividendFlow Engine v6.0. Data is verified daily against SEC filings and FMP real-time feeds to ensure projection accuracy.
Get Your Full IIPR DRIP Report by Email
We'll send you a full breakdown of your projections, DRIP tips, and how to enable dividend reinvestment with your broker.
Free forever. No spam. Unsubscribe anytime. · Privacy Policy
Ready to invest? Open IIPR position with:
🌍 IIPR Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold IIPR.
| Account/Country | Tax Rate | After-tax Yield | Real Yield | $10K Annual Income |
|---|---|---|---|---|
| 🇺🇸 Roth IRA / 401k | 0% | 14.02% | 11.22% | $1,402 / yr |
| 🇺🇸 US Taxable (15%) ✓ | 15% | 11.92% | 9.12% | $1,192 / yr |
| 🇺🇸 US Taxable (20%) | 20% | 11.22% | 8.42% | $1,122 / yr |
| 🇬🇧 UK ISA | 0% | 14.02% | 11.22% | $1,402 / yr |
| 🇬🇧 UK Taxable | 8.75% | 12.79% | 9.99% | $1,279 / yr |
| 🇨🇦 TFSA | 0% | 14.02% | 11.22% | $1,402 / yr |
| 🇨🇦 CA Taxable | 25% | 10.52% | 7.72% | $1,052 / yr |
| 🇦🇺 Super (pension) | 15% | 11.92% | 9.12% | $1,192 / yr |
| 🇦🇺 AU Taxable | 30% | 9.81% | 7.01% | $981 / yr |
| 🇩🇪 DE Taxable | 26.375% | 10.32% | 7.52% | $1,032 / yr |
| 🇫🇷 FR Taxable | 30% | 9.81% | 7.01% | $981 / yr |
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 IIPR Income Goal & Break-Even
12-month CPI (US BLS via FMP economic-indicators).
Based on current dividend of $7.60/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 IIPR Dividend Payment Schedule
IIPR pays quarterly — 4 times per year. Ex-div: 2026-09-30.
📊 IIPR vs Real Estate Benchmarks
How IIPR compares to typical Real Estate averages.
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for IIPR sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ IIPR Insider Activity
No recent SEC filings reported in the last 90 days.Analyst Price Target
Wall Street consensusAnalyst consensus price target via FMP. Not a guarantee of future performance. Past analyst accuracy varies.
Peer Group
Similar companies in the same sectorCompare IIPR with peers: IIPR vs ARI · IIPR vs EFC · IIPR vs EPR
Financial Health Scores
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the IIPR dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →
Innovative Industrial Properties, Inc. (IIPR) is currently trading at $54.21, 17% below its 52-week high. The current dividend yield is 14.02% based on an annual payout of $7.60 per share.
Innovative Industrial Properties Offers High Yield with Elevated Payout Concerns
AI SummaryInnovative Industrial Properties (IIPR) presents a compelling income opportunity within the real estate sector, trading at $50.26 with an eye-catching 15.12% dividend yield. The company boasts a strong historical growth trajectory, highlighted by an impressive 14.7% five-year dividend compound annual growth rate. Furthermore, its modest P/E ratio of 12.8 suggests the stock is reasonably priced relative to its earnings. However, the massive yield comes with notable sustainability concerns. IIPR's payout ratio stands at 193%, indicating that the company is currently distributing significantly more in dividends than it earns in net income. While the robust yield attracts income-focused investors, this excessive payout ratio suggests the current dividend level may face pressure unless earning
- Unsustainably high payout ratio of 193% threatening current dividend coverage
- Tenant credit and regulatory risks inherent to the cannabis-focused real estate sector
Generated by AI using live market data. For educational purposes only — not financial advice.
Latest IIPR News
LiveNews aggregated from public sources via Finnhub & RSS. For informational purposes only.
How investors use the IIPR dividend calculator
Illustrative examples of common use cases, written by the DividendFlow team — not customer reviews.