Accumulating $1,000 to invest in dividend stocks may not sound significant. Additionally, some of them are real estate investment trusts (REITs), which offer unique tax rules to real estate companies that agree to pay at least 90% of net income in the form of dividends. Two of these REITs, Innovative Industrial Properties (IIP) (NYSE: IIPR) and STORE Capital Corporation (NYSE: STOR), will derive more than $50 in annual dividend income from a $1,000 investment, one benefit that makes each company an excellent choice for income investors.
Carlisle Companies (NYSE: CSL), Innovative Industrial Properties (NYSE: IIPR) and AbbVie (NYSE: ABBV) have all seen shares double over the past three years. All three have the potential to double their shares again over the next three years because of their stability, consistent revenue growth, and attractive dividends. Carlisle Companies was trading at $105.07 a little more than two years ago.
SAN DIEGO, May 16, 2022--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property comprising approximately 104,000 square feet of industrial space in Taunton, Massachusetts.