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This Ultra-High-Yield Dividend Stock Could Skyrocket 76%, According to Wall Street

TheMotleyFool

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This Ultra-High-Yield Dividend Stock Could Skyrocket 76%, According to Wall Street: https://g.foolcdn.com/editorial/images/717433/cannabis-man-in-greenhouse.jpg

Dividend stocks are boring. That's what many investors think. But while some dividend stocks are indeed boring, not all of them are.

Innovative Industrial Properties (NYSE: IIPR) stands out as a great example. This ultra-high-yield dividend stock could skyrocket 76% over the next 12 months, according to Wall Street.

Innovative Industrial Properties (IIP) is the only real estate investment trust (REIT) focused on the U.S. cannabis industry that trades on the New York Stock Exchange. And it's by far the biggest cannabis-focused REIT based on market cap. As of Dec. 31, 2022, the company owned 110 properties in 19 states.

Source Fool.com

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