How Much Would It Take To Earn $100 A Month From Innovative Industrial Properties Stock

Innovative Industrial Properties IIPR is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities.

It will report its Q1 2025 earnings on May 7. Wall Street analysts expect the company to post EPS of $1.16, down from $2.21 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $72.30 million, down from $75.45 million a year earlier.

The 52-week range of Innovative Industrial Properties stock price was $62.45 to $138.35.

Innovative Industrial Properties' dividend yield is 10.3%. It paid $7.60 per share in dividends during the last 12 months.

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The Latest On Innovative Industrial Properties

On Feb. 19, the company announced its Q4 2024 earnings, posting AFFO of $2.22, beating the consensus estimate of $2.04, and revenues of $76.74 million, roughly in line with expectations, as reported by Benzinga.

Check out this article by Benzinga for four analysts' evaluations of Innovative Industrial Properties.

How Can You Earn $100 Per Month As An Innovative Industrial Properties Investor?

If you want to make $100 per month — $1,200 annually — from Innovative Industrial Properties dividends, your investment value needs to be approximately $11,650, which is around 158 shares at $73.78 each. 

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Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (10.3% in this case). So, $1,200 / 0.103 = $11,650 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.

The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.

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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Innovative Industrial Properties stock an attractive option for making a steady income of $100 per month by owning 158 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Innovative Industrial Properties has raised its dividend consecutively for the last eight years. 

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Arrived allows individuals to invest in shares of rental properties for as little as $100, providing the potential for monthly rental income and long-term appreciation without the hassles of being a landlord. With over $1 million in dividends paid out last quarter and a growing selection of properties across various markets, Arrived offers an attractive alternative for investors seeking to build a diversified real estate portfolio. 

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