On 3/31/26, 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 4/15/26. As a percentage of IIPR.PRA's recent share price of $22.45, this dividend works out to approximately 2.51%, so look for shares of IIPR.PRA to trade 2.51% lower — all else being equal — when IIPR.PRA shares open for trading on 3/31/26. On an annualized basis, the current yield is approximately 10.01%, which compares to an average yield of 8.28% 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:

---

Never miss the next high-yield opportunity: Preferred Stock Alerts sends timely, actionable picks on income-producing preferred stocks and baby bonds, straight to your inbox.

According to the ETF Finder at ETF Channel, Innovative Industrial Properties Inc (Symbol: IIPR) makes up 6.50% of the Invesco KBW Premium Yield Equity REIT ETF (KBWY) which is trading relatively unchanged on the day Friday. (see other ETFs holding IIPR).

In Friday trading, Innovative Industrial Properties Inc's 9.00% Series A Cumulative Redeemable Preferred Stock (Symbol: IIPR.PRA) is currently off about 0.1% on the day, while the common shares (Symbol: IIPR) are down about 1.3%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

Also see:

• Home Improvement Stores Dividend Stocks
• RBB Options Chain
• Asset Management Dividend Stocks

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.