Marijuana REIT Innovative Industrial Properties Declares Q2 2023 Dividends
Portfolio Pulse from Vuk Zdinjak
Innovative Industrial Properties (IIPR) has declared a Q2 2023 dividend of $1.80 per share of common stock, an 11% increase over the prior twelve months. Additionally, a regular quarterly dividend of $0.5625 per share of IIPR's 9.00% series A cumulative redeemable preferred stock has been declared. The dividends are payable on July 14, 2023.
June 15, 2023 | 2:24 pm
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IIPR's Q2 2023 dividend declaration of $1.80 per common share represents an 11% increase YoY, and a quarterly dividend for series A preferred stock has also been declared.
The declaration of increased dividends for both common and preferred shares demonstrates the company's strong financial performance and commitment to shareholder returns. This news is likely to have a positive impact on IIPR's stock price in the short term as it signals growth and stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100