DIVIDEND ANNOUNCEMENT: Innovative Industrial Properties Inc (NYSE:IIPR) on 12/15/2023 declared a dividend of $1.8200 per share

Innovative Industrial Properties Inc (NYSE:IIPR) on 12/15/2023 declared a dividend of $ 1.8200 per share payable on January 12, 2024 to shareholders of record as of December 29, 2023. Dividend amount recorded is an increase of $ 0.02 from last dividend Paid.

Innovative Industrial Properties Inc (NYSE:IIPR) has paid dividends since 2017, has a current dividend yield of 7.2874488831% and has increased its dividends for 5 successive years.

Innovative Industrial Properties Inc's market cap is $ 2,770,352,000 and has a PE ratio of 17.55. The stock price closed yesterday at $ 98.80 and has a 52 week low/high of $ 63.36 and $ 115.55.

Innovative Industrial Properties is a holding company. Through its subsidiaries, Co. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of industrial properties leased to state-licensed operators for their regulated state-licensed cannabis facilities. Co. leases its properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including structural repairs, maintenance, taxes and insurance. Co. conducts its business through an umbrella partnership REIT, in which its properties are owned by its operating partnership, IIP Operating Partnership, LP.

For more information on Innovative Industrial Properties Inc click here.