Cannabis REIT Innovative Industrial Properties Raises Dividend By 33%

Shares of Innovative Industrial Properties Inc (NYSE: IIPR) are trading higher on Monday after the real estate investment trust said Friday it will hike its quarterly dividend yield.

What Happened

Innovative Industrial Properties said it will pay a second-quarter dividend of 60 cents per share, which represents an increase of 33% from the previous one. The dividend also went up by 140% from the second quarter of 2018. The dividends are payable on July 15 to stockholders of …

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