Alpine Income Property Trust Announces Q3 2024 Dividend Increase
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Alpine Income Property Trust Declares Dividend for the Third Quarter 2024
Alpine Income Property Trust, Inc. (NYSE: PINE) announced that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.280 per share of common stock for the third quarter of 2024.
Dividend Increase Details
The Common Stock Cash Dividend represents a 1.8% increase compared to the Company’s previous quarterly cash dividend of $0.275 per share. This reflects an annualized yield of approximately 6.4% based on the closing price of the Company’s common stock.
Payment Information
The Common Stock Cash Dividend is payable to stockholders of record as of the close of business on the designated record date, with the ex-dividend date preceding the record date.
About Alpine Income Property Trust, Inc.
Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust focused on delivering attractive risk-adjusted returns through investing in a portfolio of single tenant net leased commercial income properties. The properties are predominantly leased to high-quality publicly traded and credit-rated tenants.
Contact Information
Contact: Philip R. Mays
Senior Vice President, Chief Financial Officer & Treasurer
(407) 904-3324
pmays@alpinereit.com
Frequently Asked Questions
What is the dividend amount declared for Q3 2024?
The declared cash dividend is $0.280 per share of common stock.
What percentage increase does the Q3 dividend represent?
The dividend represents a 1.8% increase from the previous quarter's dividend.
When is the ex-dividend date for the Q3 dividend?
The ex-dividend date is set for September 12, 2024.
Who can receive the dividend payment?
Stockholders who are on record as of the close of business on the record date will receive the dividend payment.
What does Alpine Income Property Trust focus on?
The company focuses on investing in single tenant net leased commercial income properties leased to high-quality tenants.
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