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.

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

Related News

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

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Ex-Date
ticker
name
Dividend
Yield
Announced
Record
Payable
Posted In: CannabisNewsDividendsMarketspremium
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.