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On 6/28/24, Innovative Industrial Properties Inc's 9.00% Series A Cumulative Redeemable Preferred Stock (Symbol: IIPR.PRA) will trade ex-dividend, for its quarterly dividend of $0.5625, payable on 7/15/24. As a percentage of IIPR.PRA's recent share price of $28.22, this dividend works out to approximately 1.99%, so look for shares of IIPR.PRA to trade 1.99% lower — all else being equal — when IIPR.PRA shares open for trading on 6/28/24. On an annualized basis, the current yield is approximately 7.97%, which compares to an average yield of 7.91% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of IIPR.PRA shares, versus IIPR:

Below is a dividend history chart for IIPR.PRA, showing historical dividends prior to the most recent $0.5625 on Innovative Industrial Properties Inc's 9.00% Series A Cumulative Redeemable Preferred Stock:

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In Wednesday trading, Innovative Industrial Properties Inc's 9.00% Series A Cumulative Redeemable Preferred Stock (Symbol: IIPR.PRA) is currently off about 0.5% on the day, while the common shares (Symbol: IIPR) are up about 0.1%.

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