Federal Reserve Bank President Charles Evans recently reaffirmed interest rates will remain near zero for another three to four years.
This means the bond market will continue to face downward pressure as income-seeking investors turn to other sources to generate yield.
Couple that with U.S. unemployment rates surging once more amid COVID-19, some investors may find it difficult to find consistent and reliable dividend payouts.
Regardless of whether you’re a novice investor, a market veteran, or someone simply looking to build-out their retirement funds, the headlines can be concerning.
However, stocks that generate passive and consistent income can help you through the market ups and downs.
That’s why I’m bringing you one stable dividend-paying cannabis stock that’ll continue to bolster your income no matter what the market throws at us next…
The Best Cannabis REIT on the Market
Dividend Yield: 3%
Innovative Industrial Properties Inc. (NYSE: IIPR) has already carved out a name for itself in the up-and-coming cannabis space.
[finviz ticker=IIPR]
Unlike marijuana producers and suppliers, IIPR is a real estate investment trust (REIT).
This means the company owns and manages a variety of retail spaces, cultivation facilities, and processing plants that it leases out to operators in the industry.
And as the marijuana market continues to grow, investors benefit from exposure to its diversified properties. This makes it a safer option for those interested in capitalizing on the industry, but aren’t sure where to start.
Plus, it comes with all the standard perks of being a REIT. IIPR is required by law to pay 90% of its taxable income to shareholders through dividends.
The fact that it also continues to grow with strong fundamentals is an added bonus…
In IIPR’s most recent quarter, the company reported $34.4 million in revenue, a 197% increase from the same period in 2019. The REIT’s funds from operations surged by 192% to $27.9 million.
The cannabis REIT has $161 million in cash and cash equivalents as well as $451.2 million in short-term investments. This equals out to $612.3 million in cash while only having $143.7 million in debt.
As states continue to legalize cannabis, cultivation and other operations will become more prevalent. When they do, many marijuana companies will likely turn to IIPR to set up shop.
The Best 5G Stock You’ve Never Heard Of
Sponsored
Briton Ryle, investment director of The Wealth Advisory, has uncovered what could be the most promising stock in the 5G market.
It’s a single play that will let you earn money from every single company in the 5G sector.
But get this, only one in 36,000 people even know this company exists.
This is your chance. This company is poised to go vertical. They’ve already inked contracts with some of the biggest, most successful media companies.
Huge corporations — T-Mobile, Cox, Sprint, and dozens more — are all ready to cough up billions of dollars for just a piece of the tech this small company has to offer.
But here’s the kicker:
This company is still trading for less than $10 a share.
If you’ve got a ten in your pocket (or, better yet, $20!) you can get your foot in the door with this unbelievable profit opportunity.
Briton’s compiled all of his research on this firm, data, statistics, the ticker symbol, and even his target buy and sell prices.
