How To Earn $500 A Month From Innovative Industrial Properties Stock
Portfolio Pulse from Avi Kapoor
Innovative Industrial Properties, Inc (NYSE:IIPR) announced a Q1 2024 dividend of $1.82 per share, following better-than-expected Q4 earnings. Piper Sandler raised the price target from $85 to $103. The company's dividend yield stands at 7.75%. To earn a monthly dividend income of $500, an investor would need to own approximately 824 shares, valued around $77,357.
April 19, 2024 | 12:40 pm
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Innovative Industrial Properties declared a Q1 2024 dividend of $1.82 per share and reported strong Q4 earnings, leading to a price target increase from $85 to $103 by Piper Sandler.
The announcement of a higher-than-expected dividend and strong Q4 earnings, coupled with a raised price target by Piper Sandler, indicates a positive outlook for IIPR. This could attract dividend investors and potentially drive up the stock price in the short term.
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