Will Investors' Favorite Marijuana Dividend Stock Pay More in 2020?
Marijuana stocks continue to draw the attention of investors across the globe, and even after the industry's poor performance in 2019, many of those watching it have high hopes for a comeback in 2020. Yet even though most companies that focus on cultivating, growing, and selling cannabis products for medicinal or recreational use took big hits last year, there was one stock in the sector that not only produced strong returns but also paid its shareholders sizable dividends along the way.
Innovative Industrial Properties (NYSE: IIPR) has become the go-to dividend stock for marijuana investors, and it has remained on the upswing even as its cannabis-related peers have struggled. Most investors are confident that the company will pay even larger dividends in 2020, especially given that it has already boosted its payout multiple times in its short history as a publicly traded stock.
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Source Fool.com
