3 Top-Rated Growth Stocks That Pay Dividends: Texas Instruments, Cintas, And Innovative Industrial Properties

IIPR’s revenue has grown at a CAGR of 176.8% over the past three years. The company delivered strong third-quarter results, generating total revenues of $34.3 million, representing a 197% year-over-year increase. IIPR paid $19.8 million in dividends. Adjusted funds from operations (AFFO) came in at $1.28, surging 192% compared to the year-ago value.

IIPR is on an expansion drive. It has signed long-term leases with major property dealers across the country. Moreover, the Biden administration, with its accommodating outlook regarding the legalization of cannabis for recreational use, has rekindled hope among investors that the cannabis industry is set to rebound on demand from medical and recreational marijuana markets. Wall Street analysts expect its revenue and AFFO to rise 72.2% and 69.7%, respectively, this year.

It is no surprise that IIPR is rated “Strong Buy” in our POWR Ratings system. It also has an “A” for Trade Grade and Buy & Hold Grade, and a “B” for Peer Grade. Among the 22 stocks in the REITs – Industrial industry, it is ranked #4.

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