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Innovative Industrial Properties, Inc. (NYSE: IIPR), the leading provider of creative real estate capital solutions to the medical-use cannabis industry, announced today that its board of directors has declared a second quarter 2017 dividend of $0.15 per share of common stock. The dividend is equivalent to an annualized dividend of $0.60 per common share.
The common stock dividend is payable on July 14, 2017 to stockholders of record at the close of business on June 30, 2017.
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. intends to elect to be taxed as a real estate investment trust. Additional information is available at www.innovativeindustrialproperties.com.
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