Innovative Industrial Properties' Series A Preferred Stock Crosses Above 6.5% Yield Territory
May 18, 2021 at 14:36 PM EDT
In trading on Tuesday, shares of Innovative Industrial Properties Inc's 9.00% Series A Cumulative Redeemable Preferred Stock (IIPR. RA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $34.60 on the day.