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AN OXFORD CLUB PUBLICATION

View in browser SPONSORED Seven Must-Own Stocks for AI Investors Discover AI's "Next Magnificent Seven" Here. SAFETY NET How "High" Can This 7% Yield Go? Marc Lichtenfeld, Chief Income Strategist, The Oxford Club Innovative Industrial Properties (NYSE: IIPR) lives up to its name. The company is an innovative real estate investment trust, or REIT, that leases its 108 real estate assets to 30 cannabis operators in 19 states. REITs are known for paying sizable dividends, and Innovative Industrial Properties' 7% annual yield makes it one of the higher-yielding REITs. Can it continue to pay such a strong dividend, or is management about to harsh investors' buzz? As you likely know by now, cash flow is one of the key factors we consider. For REITs, we use funds from operations (FFO) as our measure of cash flow. Innovative Industrial Properties' FFO has been rising for the past few years. It totaled $232 million in 2023 (up from $211 million the prior year), and I expect it to increase to around $250 million in 2024. View larger image   SPONSORED Yours Free! Top FIVE Dividend Stocks Right Now Marc Lichtenfeld - income expert and author of Get Rich with Dividends - is giving away his Ultimate Dividend Package... completely free of charge! You'll discover... An "A"-rated, ultra-safe dividend stock with a huge 8% yield Three of Marc's favorite "Extreme Dividend" stocks, which could supercharge your income And finally, Marc's No. 1 dividend stock for a LIFETIME of income. Click here to get the names and ticker symbols now... before the download link expires. **NO CREDIT CARD REQUIRED!** Last year, the company paid shareholders $204 million in dividends for an 88% payout ratio. I'm comfortable with REITs paying out up to 100% of their FFO in dividends, as they are required by law to pay out at least 90% of their earnings. (Earnings aren't the same as cash flow or FFO, but because of that obligation, REITs often pay out nearly all of their FFO to shareholders. That's why we raise our payout ratio limit from our typical 75% for normal stocks to 100% for REITs.) Even though Innovative Industrial Properties' payout ratio was comfortably below 100% in 2023, I expect it to be closer to the limit by the end of this year. Here's how that could affect the company's dividend... Finish Reading Here BUILD AND PROTECT YOUR WEALTH Get Marc's Top 5 Dividend Stocks (FREE PICKS) Could This Be the Best Insider Stock for 2024? Famous Trader Puts AI To The Test (You're Not Going To Believe This) How Traders Can Earn Higher Short-Term Returns MORE FROM WEALTHY RETIREMENT The Hidden Truth About Diversification Follow the Insiders to Gain an Edge Over the Market Is Cava's Sizzling Stock Too Hot to Handle? Can Stellantis Maintain Its Stellar 8.4% Yield? 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