Innovative Industrial Properties Inc (IIPR) has been recognized as a Top 10 Real Estate Investment Trust (REIT) by Dividend Channel in its latest ”DividendRank” report. The report highlighted IIPR’s share price of $56.87, a price-to-book ratio of 0.9, and an annual dividend yield of 13.36%, significantly higher than the average yields of 4.1% and price-to-book ratio of 2.5 for stocks in the coverage universe.
The current annualized dividend for IIPR is $7.6 per share, paid quarterly, with an upcoming ex-date of June 30, 2025. The report underscored the company’s strong quarterly dividend history, which is considered crucial for investors evaluating long-term dividend sustainability.
