We present the results of our UBV and JHKLM photometry for the semiregular pulsating variable V1027 Cyg, a supergiant with an infrared excess, over the period from 1997 to 2015 (UBV) and in 2009-2015 (JHKLM). Together with the new data, we analyze the photometric observations of V1027 Cyg that we have obtained and published previously. Our search for a periodicity in the UBV brightness variations has led to several periods from P=212d to 320d in different time intervals. We have found the period P=237d based on our infrared photometry. The variability amplitude, the lightcurve shape, and the magnitude of V1027 Cyg at maximum light change noticeably from cycle to cycle.