Innovative Industrial Properties Declares Fourth Quarter 2021 Dividends
16 12월 2021 - 6:30AM
Business Wire
Common Stock Dividend Equates to Annualized
Dividend of $6.00 per 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 fourth quarter 2021
dividend of $1.50 per share of common stock. The dividend is
equivalent to an annualized dividend of $6.00 per common share.
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 January 14, 2022 to stockholders of
record at the close of business on December 31, 2021.
As previously disclosed, IIP’s board of directors evaluates
adjustments to the level of IIP’s quarterly common stock dividend
every six months, with any adjustments expected to be declared in
the first quarter and third quarter of each year. However, the
decision to declare and pay dividends in any quarter continues to
be at the sole discretion of IIP’s board of directors.
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 we
“expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe” 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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version on businesswire.com: https://www.businesswire.com/news/home/20211214006079/en/
Catherine Hastings Chief Financial Officer Innovative Industrial
Properties, Inc. (858) 997-3332
Innovative Industrial Pr... (NYSE:IIPR)
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