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What could be better than buying some stock, kicking back, and getting "a little something extra" every quarter from management after a good run?
Ordinarily, cash dividends are great. They can be the main reason to even buy shares.
But with the notable exception of the "marijuana REIT," Innovative Industrial Properties Inc. (NYSE: IIPR), the cannabis industry is a little different.
In cannabis right now, a dividend could conceivably be a red flag.
When you own part of a cannabis company, you own a piece of an industry that's set to grow faster than any other industry has for generations.
But that claim doesn't come with a cash payout... yet.
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies. He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.