Dividend Challengers List Ranked By Yield: Top 10

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3. Innovative Industrial Properties, Inc. (NYSE:IIPR)

Dividend Yield as of February 3: 7.87%

Innovative Industrial Properties, Inc. (NYSE:IIPR) is an American real estate investment trust company that provides capital for the medical-use cannabis industry. The company pays a quarterly dividend of $1.80 per share and has a dividend yield of 7.87%, as of February 3. It started its dividend policy in 2017 and has raised its payouts consistently since then.

In January, BTIG maintained a Buy rating on Innovative Industrial Properties, Inc. (NYSE:IIPR) with a $179 price target, appreciating the company’s businesses and quarterly earnings.

As of the close of Q3 2022, 12 hedge funds in Insider Monkey’s database owned stakes in Innovative Industrial Properties, Inc. (NYSE:IIPR), worth nearly $252 million.

Follow Innovative Industrial Properties Inc (NYSE:IIPR)

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