Alpine Income Property Trust Announces Third Quarter 2024 Dividend
Alpine Income Property Trust, Inc. (NYSE: PINE) has revealed that its Board of Directors has approved a quarterly cash dividend of $0.280 per share of common stock for the third quarter of 2024.
Details of the Dividend Increase
This cash dividend reflects a 1.8% increase from the previous quarterly dividend of $0.275 per share. Based on the closing price of the Company’s common stock, this represents an annualized yield of approximately 6.4%.
Payment Information
The cash dividend will be paid to stockholders who are on record as of the close of business on the specified record date. Please note that the ex-dividend date will occur before the record date.
About Alpine Income Property Trust, Inc.
Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that aims to provide attractive risk-adjusted returns by investing in a portfolio of single-tenant net leased commercial income properties. These properties are primarily 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.
