Innovative Industrial Properties Inc (IIPR)

[wiredawg]

Just posting old news since IIPR can't seem to get any IHub love and this week is Divy payday!!! LOL

Innovative Industrial Properties Declares Second Quarter 2021 Dividends
June 15, 2021

6% Increase from Prior Quarter Represents Eleventh Increase in Common Stock Dividend

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 second quarter 2021 dividend of $1.40 per share of common stock, representing an approximately 6% increase over IIP’s first quarter 2021 dividend of $1.32 per share of common stock, and an approximately 32% increase over IIP’s second quarter 2020 dividend of $1.06 per share of common stock. The dividend is equivalent to an annualized dividend of $5.60 per common share, and is the eleventh dividend increase 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 July 15, 2021 to stockholders of record at the close of business on June 30, 2021.