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.
Get your daily dose of cannabis news on Benzinga Cannabis. Don’t miss out on any important developments in the industry.
Photo by Richard T on Unsplash
An Investment in This REIT 5 Years Ago Would Pay A 38% Dividend Yield Today
3 REITs With Big Short Floats: Does This Make Them Buy Candidates?
Marijuana REIT Innovative Industrial Properties Q3 Revenue Grows 32% YoY, Here Are The Details
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
BENZINGA CANNABIS CONFERENCE
Meet the biggest cannabis industry players and make deals that will push the industry forward.
Featuring live company presentations, insider panels, and unmatched access to networking, the Benzinga Cannabis Capital Conference is where cannabis executives and entrepreneurs meet.
Join us April 11-12, 2023 at Fontainebleau Miami Beach in sunny Florida.