IIPR dividend calculator – Innovative Industrial Properties Inc Announces 1.8 Cash Dividend

Dividends Yield

Innovative Industrial Properties ($NYSE:IIPR) Inc (IIP) recently announced their 1.8 cash dividend on March 16 2023. This dividend is a continuation of their steady dividend of 7.1 USD per year for the past three years, giving investors an average dividend yield of 5.63%. With this announcement, investors looking to increase their dividend portfolio have an interesting option to consider. The ex-dividend date for this dividend has been set to March 30 2023, giving investors enough time to make their decisions or add to their holdings. Innovative Industrial Properties is a real estate company that specializes in acquiring and owning industrial properties across the United States and transforming them into properties that are suited for medical-use cannabis production and processing.

The company’s diversified portfolio of properties provides investors with a great income stream backed by a strong management team and a high-quality portfolio of assets. Their focus on creating long-term value for their shareholders through their dividend and rental income streams makes them a strong investment option for those looking to add diversity to their portfolio. With this announcement, investors have the opportunity to add a reliable dividend stock to their portfolio with the potential to see significant returns over the long-term.

Stock Price

After the announcement, IIP’s stock opened at $82.1 for the day and closed at $81.9, down by 1.2% from last closing price of 83.0. The cash dividend is one of many dividends the company has paid out in the past year, illustrating its commitment to providing shareholders with stable and consistent returns. As a real estate investment trust, IIP specializes in the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. With a strong focus on industrial properties, IIP is well-positioned to capitalize on the growth of the medical-use cannabis industry and increase returns for its shareholders. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for IIPR. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for IIPR. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for IIPR. More…

Key Ratios Snapshot

Some of the financial key ratios for IIPR are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of INNOVATIVE INDUSTRIAL PROPERTIES’s financials and based on our Risk Rating, it is considered a medium risk investment in terms of financial and business aspects. However, we detected two risk warnings in the balance sheet and cashflow statement which require closer scrutiny. If you’re interested in learning more about this investment and assessing these risk warnings, make sure to register with us. More…

Peers

The company’s competitors include Realty Income Corp, Prologis Inc, and Crown Castle International Corp.

– Realty Income Corp ($NYSE:O)

Realty Income Corporation is a real estate investment trust that focuses on the ownership of net-leased commercial properties in the United States. As of December 31, 2020, the Company owned 6,573 properties across 49 states and Puerto Rico. The Company’s leased properties are primarily leased to retail (70.3%), industrial (12.8%), healthcare (9.4%), and other commercial tenants (7.5%).

– Prologis Inc ($NYSE:PLD)

Prologis Inc is a leading global provider of logistics real estate with a focus on the industrial sector. As of 2022, the company has a market cap of 100.2 billion. Prologis owns and operates approximately 585 million square feet of industrial space in 19 countries. The company’s properties are located in key markets around the world, including North America, Europe, Asia and Latin America. Prologis’ focus on the industrial sector provides its customers with access to a wide range of logistics solutions, including warehouses, distribution centers, last-mile facilities and transshipment hubs.

– Crown Castle International Corp ($NYSE:CCI)

Crown Castle International Corp is a holding company that provides wireless infrastructure services in the United States. Its primary business is owning, operating, and leasing wireless communications towers and small cell nodes. As of 2021, the company had approximately 40,000 wireless communications towers and approximately 60,000 small cell nodes across the United States. The company was founded in 1994 and is headquartered in Canonsburg, Pennsylvania.

Summary

INNOVATIVE INDUSTRIAL PROPERTIES is a great option for dividend investors to consider. For the past three years, the company has consistently paid an annual dividend of 7.1 USD per share, yielding an average of 5.63%. With an impressive dividend yield and consistent dividend payments, investors can count on steady income from this stock for their portfolio. It is important to do your own research and due diligence when looking at stocks to invest in, but INNOVATIVE INDUSTRIAL PROPERTIES should definitely be on your list as a potential dividend stock.