If You Invested $2,500 in Innovative Industrial Properties in 2019, This Is How Much You Would Have Today
When you're evaluating which stocks are worth holding for decades, it pays to look at a company's past performance so that you can judge its merits. In the case of an up-and-coming business like Innovative Industrial Properties, (NYSE: IIPR) sometimes a couple of years is all it takes to build the foundations of a fortune.
As a real estate investment trust (REIT), a big part of this stock's appeal is its dividend, but its forward annual dividend yield is only 2.31%. Does that mean people who invested a couple of years ago should be disappointed in the company's dividend growth performance? Absolutely not. In fact, they should be very pleased. Here's why.
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Source Fool.com