Innovative Industrial Properties declares dividend
- Innovative Industrial Properties declared a third-quarter 2026 dividend of $1.90 per common share.
- The company also declared a $0.5625 quarterly dividend for its Series A preferred stock.
- IIP said it has paid $1.2 billion in common stock dividends since its 2016 inception.
Innovative Industrial Properties (NYSE:IIPR) declared a third-quarter 2026 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per share.
The dividend announcement follows the company’s history of shareholder distributions since its formation in 2016, during which it has paid $1.2 billion in common stock dividends.
Innovative Industrial Properties also declared a regular quarterly dividend of $0.5625 per share for its 9% Series A Cumulative Redeemable Preferred Stock, with both dividends payable on October 15, 2026.
Innovative Industrial Properties said the dividends will be paid to shareholders of record as of the close of business on September 30, 2026.
Innovative Industrial Properties is a real estate investment trust focused on owning and leasing properties used by regulated cannabis operators.
The company has expanded its portfolio through acquisitions and long-term lease arrangements with cannabis-related businesses across the United States.
