Advertisement
UK markets close in 3 hours 50 minutes

  • FTSE 100

    8,168.38
    +26.23 (+0.32%)
     

  • FTSE 250

    20,289.02
    +129.30 (+0.64%)
     

  • AIM

    777.73
    +2.80 (+0.36%)
     

  • GBP/EUR

    1.1834
    -0.0000 (-0.00%)
     

  • GBP/USD

    1.2680
    -0.0025 (-0.19%)
     

  • Bitcoin GBP

    51,390.06
    -497.34 (-0.96%)
     

  • CMC Crypto 200

    1,354.89
    -34.51 (-2.48%)
     

  • S&P 500

    5,473.23
    +41.63 (+0.77%)
     

  • DOW

    38,778.10
    +188.94 (+0.49%)
     

  • CRUDE OIL

    80.35
    +0.02 (+0.02%)
     

  • GOLD FUTURES

    2,325.50
    -3.50 (-0.15%)
     

  • NIKKEI 225

    38,482.11
    +379.67 (+1.00%)
     

  • HANG SENG

    17,915.55
    -20.57 (-0.11%)
     

  • DAX

    18,106.57
    +38.36 (+0.21%)
     

  • CAC 40

    7,604.53
    +32.96 (+0.44%)
     
Money:

What Labour and the Tories are offering pensioners in their manifestos

Read what the party manifestos have to say about pension policy

Innovative Industrial Properties Declares Second Quarter 2024 Dividends

Business Wire
·1-min read

Q2 2024 Cash Dividend of $1.90 Per Common Share Equates to 4.4% Increase from Prior Quarter and an Annualized Dividend of $7.60 per Common Share

SAN DIEGO, June 14, 2024--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a second quarter 2024 dividend of $1.90 per share of common stock, representing a 4.4% increase over IIP’s first quarter 2024 dividend of $1.82 per share of common stock. The dividend is equivalent to an annualized dividend of $7.60 per common share.

"We are pleased to announce an increase in our quarterly common stock dividend, which continues our strong track record of increasing our dividend every year since our inception in 2016," said Paul Smithers, President and Chief Executive Officer of IIP.

ADVERTISEMENT

Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock.

The dividends are payable on July 15, 2024 to stockholders of record at the close of business on June 28, 2024.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Additional information is available at www.innovativeindustrialproperties.com.

This press release contains statements that IIP believes to be "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts are forward-looking statements. When used in this press release, words such as IIP "expects," "intends," "plans," "estimates," "anticipates," "believes" or "should" or the negative thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Investors should not place undue reliance upon forward-looking statements. IIP disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240614755561/en/

Contacts

IIP Contact:
David Smith
Chief Financial Officer
Innovative Industrial Properties, Inc.
(858) 997-3332