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Stock impact report

Innovative Industrial Properties Declares First Quarter 2020 Dividends

Innovative Industrial Properties, Inc. (IIPR) 
Company Research Source: Business Wire
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 first quarter 2020 dividend of $1.00 per share of common stock, representing an approximately 122% increase over IIP’s first quarter 2019 dividend of $0.45 per share. The dividend is equivalent to an annualized dividend of $4.00 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 April 15, 2020 to stockholders of record at the close of business on March 31, 2020.About Innovative Industrial PropertiesInnovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized Show less Read more
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