Is Innovative Industrial Properties' 7.3% Dividend Yield Safe?
Innovative Industrial Properties (NYSE: IIPR) stock has been struggling mightily this year. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF's losses of 44% look modest by comparison. At a share price of around $96, that means investors who buy now would be collecting a yield of 7.3%.