Innovative Industrial Properties Declares First Quarter 2019 Dividends
March 12, 2019
Common Stock Dividend Increased 29% from Prior Quarter and 80% from Q1 2018
SAN DIEGO--(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 first quarter 2019 dividend of $0.45 per share of common stock, representing an approximately 29% increase over IIP's fourth quarter 2018 dividend of $0.35 per share of common stock, and an 80% increase over IIP's first quarter 2018 dividend of $0.25 per share of common stock. The dividend is equivalent to an annualized dividend of $1.80 per common share, and is the eighth consecutive quarterly dividend payable to common stockholders declared since IIP completed its initial public offering in December 2016.
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 April 15, 2019 to stockholders of record at the close of business on March 29, 2019.
Morgen nach Handelsschluß gibt´s die aktuellen Quartalszahlen - ich bin gespannt.
March 12, 2019
Common Stock Dividend Increased 29% from Prior Quarter and 80% from Q1 2018
SAN DIEGO--(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 first quarter 2019 dividend of $0.45 per share of common stock, representing an approximately 29% increase over IIP's fourth quarter 2018 dividend of $0.35 per share of common stock, and an 80% increase over IIP's first quarter 2018 dividend of $0.25 per share of common stock. The dividend is equivalent to an annualized dividend of $1.80 per common share, and is the eighth consecutive quarterly dividend payable to common stockholders declared since IIP completed its initial public offering in December 2016.
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 April 15, 2019 to stockholders of record at the close of business on March 29, 2019.
Morgen nach Handelsschluß gibt´s die aktuellen Quartalszahlen - ich bin gespannt.
