By Kelly Cloonan
Adamas Trust raised its quarterly dividend by 17% to 27 cents a share, from 23 cents.
The new payout, equal to $1.08 a year, represents an annual yield of about 12% based on Thursday's closing price of $9.11.
The dividend is payable July 28 to stockholders of record on June 23, the real estate investment trust said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
June 11, 2026 16:59 ET (20:59 GMT)
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