Progressive Industrial Properties Declares Second Quarter 2019 Dividends
Widespread Inventory Dividend Elevated 33% from Prior Quarter and 140% from Q2 2018
SAN DIEGO, June 14, 2019 –(BUSINESS WIRE)–Progressive Industrial Properties, Inc. (IIP), the primary and solely actual property firm on the New York Inventory Trade (NYSE: IIPR) centered on the regulated U.S. cannabis business, introduced at present that its board of administrators has declared a second quarter 2019 dividend of $0.60 per share of widespread inventory, representing an roughly 33% enhance over IIP’s first quarter 2019 dividend of $0.45 per share of widespread inventory, and a 140% enhance over IIP’s second quarter 2018 dividend of $0.25 per share of widespread inventory. The dividend is equal to an annualized dividend of $2.40 per widespread share, and is the ninth consecutive quarterly dividend payable to widespread stockholders declared since IIP accomplished its preliminary public providing in December 2016.
Moreover, IIP introduced at present that its board of administrators has declared an everyday quarterly dividend of $0.5625 per share of IIP’s 9.00% Sequence A Cumulative Redeemable Most popular Inventory.
The dividends are payable on July 15, 2019 to stockholders of report on the shut of enterprise on June 28, 2019.
About Progressive Industrial Properties
Progressive Industrial Properties, Inc. is a self-advised Maryland company centered on the acquisition, possession and administration of specialised industrial properties leased to skilled, state-licensed operators for his or her regulated medical-use cannabis amenities. Progressive Industrial Properties, Inc. has elected to be taxed as an actual property funding belief, commencing with the yr ended December 31, 2017. Further data is out there at www.innovativeindustrialproperties.com.
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