Cannabis REIT Giants IIPR, AFC Gamma Announce Q3 Dividends: Historic Payouts Nearing $1B
Portfolio Pulse from Javier Hasse
Innovative Industrial Properties Inc (IIPR) and AFC Gamma (AFCG) have announced their Q3 2024 dividends. IIPR declared a $1.90 dividend per share, marking its 30th consecutive quarterly dividend, while AFCG announced a $0.33 dividend per share, its first post-spin-off. Both companies play significant roles in financing the U.S. cannabis market.
September 13, 2024 | 4:16 pm
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POSITIVE IMPACT
AFC Gamma announced a $0.33 dividend per share for Q3 2024, marking its first dividend post-spin-off. This move highlights the company's financial stability and its role in supporting the cannabis market through institutional loans.
AFCG's first post-spin-off dividend signals financial stability and a commitment to shareholder returns, likely enhancing investor sentiment and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Innovative Industrial Properties (IIPR) declared a $1.90 dividend per share for Q3 2024, marking its 30th consecutive quarterly dividend. This consistent dividend payout reflects the company's stable cash flow and commitment to returning value to shareholders.
IIPR's consistent dividend payout indicates strong financial health and a reliable income stream for investors, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90