There's nothing more likely to catch a dividend investor's attention than a big, juicy dividend yield. But yield alone isn't enough to make a stock worth buying. You need to dig in to understand the story behind the stock ... and its dividend yield. After all, a high yield backed by a dividend that gets cut isn't really a great opportunity.

Here's a look at why Innovative Industrial Properties (NYSE: IIPR) and W.P. Carey (NYSE: WPC) are both worth buying today, but Annaly Capital Management (NYSE: NLY) probably isn't.

Innovative Industrial Properties largely owns marijuana grow houses. The pot industry attracted outsized investor attention a few years ago but has since fallen out of favor. The burgeoning industry saw a lot of early entrants and it's now in something of a shakeout stage.

Continue reading

Source Fool.com