Dividend Champions, Contenders and Challengers List: 5 Highest Yielding Stocks

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

Dividend Yield as of May 1: 10.50%

Innovative Industrial Properties, Inc. (NYSE:IIPR) is an American real estate investment trust company, based in California. In April, Piper Sandler maintained an Overweight rating on the stock with a $97 price target, presenting a positive outlook on the REIT sector.

Innovative Industrial Properties, Inc. (NYSE:IIPR), one of the best dividend stocks, currently pays a quarterly dividend of $1.80 per share. The company initiated its dividend policy in 2017 and has raised its payouts every year since then. The stock has a dividend yield of 10.5%, as recorded on May 1.

At the end of Q4 2022, Innovative Industrial Properties, Inc. (NYSE:IIPR) saw a growth in hedge fund positions, as 14 funds in Insider Monkey’s database owned stakes in the company, up from 12 in the previous quarter. These stakes have a consolidated value of over $298.7 million.

Follow Innovative Industrial Properties Inc (NYSE:IIPR)