|Bid||81.00 x 1100|
|Ask||83.50 x 1800|
|Day's Range||81.00 - 82.42|
|52 Week Range||63.36 - 125.38|
|Beta (5Y Monthly)||1.58|
|PE Ratio (TTM)||14.45|
|Forward Dividend & Yield||7.20 (8.83%)|
|Ex-Dividend Date||Sep 28, 2023|
|1y Target Est||N/A|
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Innovative Industrial stock fell along with the cannabis sector. The negatives here don't seem likely to derail the dividend.
All dividend stocks are not created equal, which is why you'll like Innovative Industrial Properties and W.P. Carey but not Annaly Capital.
For all the focus the investor class seems to put on buying growth stocks, many investors would be just as happy to focus on stocks that don't require selling in order to collect cash returns. In some cases, growth investors will even turn to dividend stocks and give much less regard to the stock's price growth potential. For this type of investor, the search focuses on stocks that claim higher dividend yields than the S&P 500 average of 1.5%, and it can even unveil a few stocks offering dividend returns in excess of 8%.