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IIPR vs MTB: Dividend Comparison 2026

IIPR yields 14.97% · MTB yields 2.91%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 IIPR wins by $4883550.52M in total portfolio value
10 years
IIPR
IIPR
● Live price
14.97%
Share price
$50.76
Annual div
$7.60
5Y div CAGR
98.4%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$4883550.57M
Annual income
$4,816,582,450,877.06
Full IIPR calculator →
MTB
MTB
● Live price
2.91%
Share price
$201.13
Annual div
$5.85
5Y div CAGR
29.4%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$48.5K
Annual income
$7,904.03
Full MTB calculator →

Portfolio growth — IIPR vs MTB

📍 IIPR pulled ahead of the other in Year 1

Annual dividend income

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Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis PeriodIIPRMTB
2008–2009
GFC
— No data— No data
2020 Q1–Q2
COVID
— No data— No data
2022 Q4
Rate Hike
— No data— No data
Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.
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Dividend Calendar Overlap

Combined, IIPR + MTB cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
IIPR pays
MTB pays
Both pay
Neither
💰

Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

IIPR
Annual income on $10K today (after 15% tax)
$1,272.66/yr
After 10yr DRIP, annual income (after tax)
$4,094,095,083,245.50/yr
MTB
Annual income on $10K today (after 15% tax)
$247.23/yr
After 10yr DRIP, annual income (after tax)
$6,718.43/yr
At 15% tax rate, IIPR beats the other by $4,094,095,076,527.08/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

What's the optimal mix of IIPR + MTB for your $10,000?

IIPR: 50%MTB: 50%
100% MTB50/50100% IIPR
Portfolio after 10yr
$2441775.31M
Annual income
$2,408,291,229,390.54/yr
Blended yield
98.63%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on MTB right now

IIPR
Analyst Ratings
4
Buy
6
Hold
1
Sell
Consensus: Hold
Price Target
$44.00
-13.3% upside vs current
Range: $44.00 — $44.00
Altman Z
1.6
Piotroski
6/9
MTB
Analyst Ratings
15
Buy
29
Hold
4
Sell
Consensus: Hold
Price Target
$229.14
+13.9% upside vs current
Range: $208.00 — $255.00
Altman Z
-0.3
Piotroski
8/9
Analyst ratings via FMP. Altman Z-Score: >3.0 safe, 1.81–3.0 grey zone, <1.81 distress. Piotroski: 7–9 strong, 0–3 weak.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

IIPR buys
2
MTB buys
14
PoliticianChamberTickerTypeAmountDate
Ro Khanna🏢 House$MTB▲ Buy$1,001 - $15,0002025-10-29
Ro Khanna🏢 House$MTB▲ Buy$1,001 - $15,0002025-10-29
Ro Khanna🏢 House$MTB▲ Buy$1,001 - $15,0002025-10-29
Ro Khanna🏢 House$MTB▲ Buy$1,001 - $15,0002025-10-28
Val Hoyle🏢 House$MTB▼ Sell$1,001 - $15,0002025-09-23
Ro Khanna🏢 House$MTB▲ Buy$1,001 - $15,0002024-11-15
Valerie Hoyle🏢 House$MTB▲ Buy$1,001 - $15,0002024-10-29
Ro Khanna🏢 House$MTB▲ Buy$1,001 - $15,0002024-09-09
Ro Khanna🏢 House$MTB▲ Buy$1,001 - $15,0002023-10-31
Lois Frankel🏢 House$MTB▼ Sell$1,001 - $15,0002023-09-08
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricIIPRMTB
Forward yield14.97%2.91%
Annual dividend / share$7.60$5.85
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR98.4%29.4%
Portfolio after 10y$4883550.57M$48.5K
Annual income after 10y$4,816,582,450,877.06$7,904.03
Total dividends collected$4879061.79M$24.8K
Payment frequencyquarterlyquarterly
SectorREITFinancials
Analyst consensusHoldHold
Analyst price target$44.00$229.14

Year-by-year: IIPR vs MTB ($10,000, DRIP)

YearIIPR PortfolioIIPR Income/yrMTB PortfolioMTB Income/yrGap
1← crossover$13,671$2,970.53$11,076$376.37+$2.6KIIPR
2$22,157$7,529.69$12,356$504.15+$9.8KIIPR
3$46,337$22,628.89$13,901$680.12+$32.4KIIPR
4$137,328$87,747.68$15,799$925.35+$121.5KIIPR
5$629,139$482,197.90$18,177$1,271.90+$611.0KIIPR
6$4,769,272$4,096,093.32$21,219$1,769.67+$4.75MIIPR
7$62,678,009$57,574,888.16$25,203$2,498.31+$62.65MIIPR
8$1,470,053,848$1,402,988,377.77$30,556$3,588.54+$1470.02MIIPR
9$62,587,029,720$61,014,072,102.52$37,956$5,261.49+$62586.99MIIPR
10$4,883,550,572,677$4,816,582,450,877.06$48,517$7,904.03+$4883550.52MIIPR

IIPR vs MTB: Complete Analysis 2026

IIPRREIT

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.

Full IIPR Calculator →

MTBFinancials

M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers. The company's Commercial Real Estate segment originates, sells, and services commercial real estate loans; and offers deposit services. Its Discretionary Portfolio segment provides deposits; securities, residential real estate loans, and other assets; and short and long term borrowed funds, as well as foreign exchange services. The company's Residential Mortgage Banking segment offers residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; insurance agency; institutional brokerage and securities; and investment management services. It offers its services through banking offices, business banking centers, telephone and internet banking, and automated teller machines. As of December 31, 2021, the company operates 688 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; and a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.