|Bid||70.58 x 0|
|Ask||71.64 x 0|
|Day's Range||70.10 - 70.10|
|52 Week Range||67.68 - 188.35|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 02, 2023 - May 08, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The cannabis industry is expanding steadily, though stock performances of marijuana companies seem to suggest otherwise. The market has been avoiding cannabis stocks because of excess supply in the industry, and a lack of progress toward U.S. federal legalization of marijuana. In the current state, investing in the cannabis industry carries risks and is not for the faint-hearted.
In the latest trading session, Innovative Industrial Properties (IIPR) closed at $79.18, marking a -1.35% move from the previous day.
SAN DIEGO, March 15, 2023--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a first quarter 2023 dividend of $1.80 per share of common stock. The common stock dividends declared for the last twelve months of $7.15 per common share represent an increase of $1.00, or 16%, over dividends declared for the prior twelv