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Innovative Industrial Properties (IIPR) will start paying a quarterly dividend of $0.15 per share in 2017. Earlier this year the cannabis facitilies REIT had its initial public offering.

The first ever common stock dividend is payable on July 14, 2017 to stockholders of record at the close of business on June 30, 2017. The ex-date for this dividend is May 30, 2017.

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.