Dividend Challengers List Ranked By Yield: Top 10

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

Dividend Yield as of January 19: 7.93%

An American real estate investment trust company, Innovative Industrial Properties, Inc. (NYSE:IIPR) is next on our dividend challengers list. On December 15, the company declared a 1.1% hike in its quarterly dividend to $1.82 per share. It has raised its dividends every year since 2017. The stock offers a dividend yield of 7.93%, as of January 19.

Of the 910 hedge funds in Insider Monkey’s database at the end of Q3 2023, 16 funds owned stakes in Innovative Industrial Properties, Inc. (NYSE:IIPR), worth roughly $128 million in total. With over 1.1 million shares, Zimmer Partners was the company’s leading stakeholder in Q3.

Follow Innovative Industrial Properties Inc (NYSE:IIPR)

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