Innovative Industrial Properties Inc (NASDAQ:IIPR) announced a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Investors of record on Friday, September 29th will be given a dividend of 0.15 per share on Friday, October 13th. This represents a $0.60 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Thursday, September 28th.

Shares of Innovative Industrial Properties (NASDAQ:IIPR) opened at 18.10 on Friday. Innovative Industrial Properties has a 12-month low of $15.45 and a 12-month high of $20.52. The company’s 50-day moving average is $17.72 and its 200-day moving average is $17.13. The company’s market capitalization is $63.37 million.

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About Innovative Industrial Properties

Innovative Industrial Properties, Inc is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The Company intends to acquire its properties through sale-leaseback transactions and third-party purchases.

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