Chicago Atlantic Real Estate Initiates Quarterly and Special Cash Dividends

Dow Jones
2024-12-21
 

By Katherine Hamilton

 

Chicago Atlantic Real Estate Finance said it is initiating a quarterly dividend of 47 cents a share, plus a special cash dividend.

The commercial real estate investment trust said Friday its board of directors approved the fourth-quarter dividend to be payable on Jan. 13. The payout, equal to $1.88 a year, represents an annual yield of about 11.8% based on Friday's closing price of $15.98. The dividend price is the same as it was in the previous quarter.

The board also approved a special cash dividend of 18 cents a share. The dividend is required for the company to comply with federal income tax rules for REITs, it said. The price was calculated based on estimated performance for 2024. It is set to be payable on Jan. 13.

 

Write to Katherine Hamilton at katherine.hamilton@wsj.com

 

(END) Dow Jones Newswires

December 20, 2024 16:41 ET (21:41 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10