IIPR - This Ultra-High-Yield Dividend Stock Could Skyrocket 76% According to Wall Street
Dividend stocks are boring. That's what many investors think. But while some dividend stocks are indeed boring, not all of them are.
Innovative Industrial Properties (NYSE: IIPR) stands out as a great example. This ultra-high-yield dividend stock could skyrocket 76% over the next 12 months, according to Wall Street.
Innovative Industrial Properties (IIP) is the only real estate investment trust ( REIT ) focused on the U.S. cannabis industry that trades on the New York Stock Exchange. And it's by far the biggest cannabis-focused REIT based on market cap. As of Dec. 31, 2022, the company owned 110 properties in 19 states.
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This Ultra-High-Yield Dividend Stock Could Skyrocket 76%, According to Wall Street