Innovative Industrial Properties' Series A Preferred Stock Yield Pushes Past 9%

In trading on Monday, shares of Innovative Industrial Properties Inc's 9.00% Series A Cumulative Redeemable Preferred Stock (Symbol: IIPR.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $24.93 on the day. This compares to an average yield of 8.23% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, IIPR.PRA was trading at a 0.08% premium to its liquidation preference amount, versus the average discount of 15.94% in the "Real Estate" category. Below is a dividend history chart for IIPR.PRA, showing historical dividend payments on Innovative Industrial Properties Inc's 9.