IIPR - 2 High-Yield Dividend Stocks to Buy Near Their 52-Week Lows
2023-04-03 08:25:00 ET
Dividend-paying stocks are great income-generating investments, and it's even better to buy them while their share prices are down. The yield received is higher when shares are bought at prices much lower than their historical levels. With the downturn the market experienced in 2022, solid dividend-paying stocks are trading at much lower levels than just a year ago.
Two examples investors could consider are Innovative Industrial Properties (NYSE: IIPR) and Pfizer (NYSE: PFE) . These stocks are trading near their 52-week lows, and both have much higher yields than the average on the market. Here's the rundown.
Innovative Industrial Properties, or IIP, is a real estate investment trust ( REIT ) that employs a sale-leaseback business model and focuses on medical cannabis companies. Innovative's customers are pot growers from whom it purchased real estate assets, only to lease back these properties to these companies to allow them greater financial flexibility. IIP's business has been important for U.S.-based pot growers.
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2 High-Yield Dividend Stocks to Buy Near Their 52-Week Lows