Innovative Industrial Properties Declares Third Quarter 2024 Dividends
13 Setembro 2024 - 8:00AM
Business Wire
Q3 2024 Cash Dividend of $1.90 Per Common Share
Equates to Annualized Dividend of $7.60 per Common Share
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 third quarter 2024
dividend of $1.90 per share of common stock, representing an
annualized dividend of $7.60 per common share.
“We are proud to declare our 30th consecutive quarterly dividend
since our inception in 2016,” said Paul Smithers, President and
Chief Executive Officer of IIP. “Since our inception, we have
continued to share our growing cash flows with our stockholders by
declaring over $830 million of common stock dividends.”
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 October 15, 2024 to stockholders of
record at the close of business on September 30, 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.
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David Smith Chief Financial Officer Innovative Industrial
Properties, Inc. (858) 997-3332
Innovative Industrial Pr... (NYSE:IIPR)
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