Marijuana REIT Innovative Industrial Properties Declares Q4 2022 Dividends

Innovative Industrial Properties, Inc., the first and only real estate company on the New York Stock Exchange IIPR focused on the regulated U.S. cannabis industry, announced that its board of directors has declared a fourth quarter 2022 dividend of $1.80 per share of common stock. The common stock dividends declared for the year ending December 31, 2022 of $7.10 per common share represent an increase of $1.38, or 24%, over dividends declared for the year ended December 31, 2021.

Additionally, IIP announced 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 January 13, 2023 to stockholders of record at the close of business on December 30, 2022.

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Photo by Richard T on Unsplash

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