Down 76%, Is Ultra-High-Yield Innovative Industrial Properties a Buy on the Dip?

Investors seeking a source of income that grows may have noticed a stock with some exciting features. Innovative Industrial Properties (NYSE: IIPR) has raised its payout by about 1,170% since it began offering a dividend in 2017.Innovative Industrial Properties is a net lease real estate investment trust (REIT) with lots of dividend raises in its history, but zero reductions. Despite an impressive track record, the market is behaving as if a payout reduction is around the corner. The stock has fallen by more than three-quarters from its previous peak and offers an enormous 11.158% yield at recent prices.If you have much experience chasing ultra-high-yield dividend stocks, you know that what glitters isn't always gold. Here's a look at why this stock has been offering a double-digit yield to see if it could be a smart buy for folks seeking a new income-generating investment.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool